2404 Ocean Park blvd #1 new Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90405
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,122 sqft
Price per Sqft $1,310
MLS Listing ID SB25219948
Bedrooms 3
Full Baths 3
Year Built 1948
Lot Size 3,358 Sqft
Property Sub-Type Single Family Residence
Property Description
**Seller is offering a rate buy down on this INCOME PRODUCING TRIPLEX to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! After net expenses, a buyer could expect to pay approximately $1,993 per month which is less than the average rent in Santa Monica!** This turnkey Mid-Century style triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. It's perfect for someone looking to live in one unit and rent out the others.The property includes two fully remodeled vacant 1-bedroom units and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, vaulted ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a huge private fenced patio which will extend your living and entertaining space, especially for those beautiful Santa Monica summer days. As a bonus, this gives a big boast to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, updated electrical, and new water heaters, giving peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.37% cap rate! With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and a variety of local cafes and restaurants. A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Cooling Central Air
Fireplaces Type None
Laundry See Remarks
Exterior
Pool None
Community Features Suburban
View Y/N Yes
Building
Lot Description 0-1 Unit/Acre
Dwelling Type House
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,FHA,VA Loan
Listing Terms Cash,Cash to New Loan,Conventional,FHA,VA Loan
Special Listing Condition Standard