1107 Ocean Park

    Santa Monica, CA 90405
    • $2,268,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: 18349058
    UPDATED: 28 min ago
    $2,268,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,464
      SQFT
    • $655
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:

    School Ratings & Info

    Description

    Classic Santa Monica 4-plex just 11 blocks from the beach with upside! Close to Main Street, Ocean Park Beach, and trendy Rose Ave. Just repainted with 2 recently remodeled units. The property is currently producing $128,226 in Gross Income. Unit D will be delivered vacant on October 1, 2018. 4 car garage and ample sized parking lot. The current owner has done a lot of renovation work including: remodeled interior of 2 units, new windows throughout, new sewer line, partial electrical, new garage doors and drought tolerant landscaping. Don't miss this incredible opportunity to own an investment property in the heart of Silicon Beach which boasts some of the highest rent in the nation. Great investment and/or owner/user property. Large lot may be suitable for future development (buyer to verify).

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.amazingtemeculahomes.com/homes/84119863

    1107 Ocean Park Santa Monica, CA 90405

    • Price: $2,268,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 18349058
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,464
    SQFT
    $655
    $/SQFT
    1944
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Classic Santa Monica 4-plex just 11 blocks from the beach with upside! Close to Main Street, Ocean Park Beach, and trendy Rose Ave. Just repainted with 2 recently remodeled units. The property is currently producing $128,226 in Gross Income. Unit D will be delivered vacant on October 1, 2018. 4 car garage and ample sized parking lot. The current owner has done a lot of renovation work including: remodeled interior of 2 units, new windows throughout, new sewer line, partial electrical, new garage doors and drought tolerant landscaping. Don't miss this incredible opportunity to own an investment property in the heart of Silicon Beach which boasts some of the highest rent in the nation. Great investment and/or owner/user property. Large lot may be suitable for future development (buyer to verify).
    Exterior Features

    Garage Spaces 4.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00

    Interior Features

    Cooling None Cooling YN No Laundry Features Washer IncludedDryer Included

    Property Features

    Garage Income 8880.00 Garage Rental Rate 740.00 Gross Income 10590.00 Gross Multiplier 17.85 Gross Operating Income 128226.00 Improvements Amount 503827 Land Lease YN No Land Value 1175599 Laundry YN Yes Net Operating Income 99876.00 Special Listing Conditions Standard Total Actual Rent 127078.00 Total Expenses 28350.00 Zoning Smr3*

    Listing provided courtesy of Aaron Mirsky of Pacific Union International.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-17T22:28:53.15. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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