1047 Ocean Park Blvd | Santa Monica, CA 90405
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- LoopNet Team
1047 Ocean Park Blvd
Santa Monica, CA 90405
Multifamily 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 | Building Size | 5,296 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1947 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Lot Size | 0.15 AC |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,296 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 1.51/1,000 SF |
PROPERTY TAXES
| Parcel Number | 4284-009-001 | Improvements Assessment | $131,288 |
| Land Assessment | $99,049 | Total Assessment | $230,337 |
PROPERTY TAXES
Parcel Number
4284-009-001
Land Assessment
$99,049
Improvements Assessment
$131,288
Total Assessment
$230,337
zoning
| Zoning Code | SMR3YY |
| SMR3YY |
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