1047 Ocean Park Boulevard, Santa Monica, CA 90405 - Berkshire Hathaway HomeServices California Properties
Phone714-745-2708
Email Our TeamEmail Us
Menu

1047 Ocean Park Boulevard, Santa Monica, CA 90405

$2,850,000 Approx. USD 0 beds, 7 baths
5,296 sqft
Save My Notes
Share

Listing Agent


David Messiah | david.messiah@lyonstahl.com
Lic#: 02117893
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Co Listing Agent


Cameron Samimi | cameron@lyonstahl.com
Lic#: 02035763
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Agent Remarks

** SELLER FINANCING of $1,700,000 at a 4.52% Rate Available through 2032 (7 full years at 60% LTV)** 1047 Ocean Park Blvd is a 5,296-square-foot, seven-unit apartment building situated on a 6,617-square-foot corner lot, just east of Lincoln Blvd and less than a mile from the ocean. The property features a mix of five 2- bedroom/1-bathroom units, including one townhouse, and two large studio units. It also provides a total of ten parking spaces, offering convenience and accessibility for tenants.The property has undergone significant upgrades in recent years. Select units have been updated with maple and laminate flooring, and the building was retrofitted within the last two years. Foundational work was completed in 2023, while a new concrete driveway was paved in November 2022. This property offers strong rental upside with a pro-forma cap rate of 6.51% and a pro-forma GRM of 10.97. Its prime Santa Monica location combined with its recent improvements and competitive financing options, this property is a great investment opportunity with room for growth.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25489977
Price: $2,850,000
Beds: 0
Baths: 7
Built in 1947
5,296 sqft
2 stories
0.15 acres
Lot size: 0.1520
County: Los Angeles
Zoning: SMR3*
Parking description: Carport
MLS area: C14 - Santa Monica

Last Updated: 3/5/2025

 Days On Market (DOM): 52

 Find more Santa Monica homes and real estate

 Find more homes in 90405 zip code

This listing belongs to the C14 - Santa Monica MLS area

Lat/Long: 34.008533, -118.474161.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90405 Area Map

Demographics

Schools

Near by

Similar Listings

The Keaty Team
Lic#: 01276603

View Team Members


Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780