1047 Ocean Park Boulevard

Santa Monica, CA 90405

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,296 Sqft
  • 6619
    Sqft(Lot)
$2,850,000

Description

** 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48450891

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Property Details

  • Bedroom Information

    • Total Bedrooms : 0

    Bathroom Information

    • Total Baths: 7
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1947
    • Building Area Total: 5,296

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.152
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6619

  • Listing Price Information

    • Original List Price: 2,850,000
    • Listing Contract Date: 2025-01-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4284009001

  • Garage and Parking

    • Garage Description: Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C14 - Santa Monica
    • Directions: Ocean Park Blvd & 11th Street
    • Zoning: SMR3*
    • Source Property Type: Residential Income
    • Area: C14 - Santa Monica

    Building and Construction

    • Property Age: 78
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 5296
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/22/2025 @ 07:17

  • MLS: 25489977
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,296 sqft, 6,619 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Monica , in zip code 90405, this Los Angeles County Home are nearby neighborhoods.