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1047 Ocean Park Blvd
Santa Monica, CA 90405

Residential Property For Sale · 7 Units

Investment Highlights

  • Prime Santa Monica location - just east of Lincoln Blvd
  • Approx. 42% rental upside available
  • Once rented for market, property will operate at a 6.64% CAP and 10.84 GRM
  • Unit mix of (1) 2+1 Townhouse, (4) 2+1, and (2) Studio+1 units
  • 5,296 sqft building on 6,617 sqft corner lot
  • 8 Parking spaces on site

PROPERTY FACTS

No. Units 7
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.15 AC
Building Size 5,296 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1947
Parking Ratio 1.51/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4284-009-001
Land Assessment
£72,250
Improvements Assessment
£95,766
Total Assessment
£168,016

zoning

Zoning Code SMR3YY
SMR3YY
  • Listing ID: 31004597

  • Date on Market: 20/02/2024

  • Last Updated:

  • Address: 1047 Ocean Park Blvd, Santa Monica, CA 90405

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