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    646 Ocean Park Blvd

    Santa Monica, CA 90405
    • $2,100,000
    • STATUS: Active
    • ON SITE: 71 days
    • MLS #: 21-698464
    Price Reduced
    $2,100,000
    • 4
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,432
      SQFT
    • $474
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    Description

    Romantic courtyard Spanish apartment building with 6 legal units and 4 garages located in the historic and charming Ocean Park district of Santa Monica. Newly painted exterior. Front structure consists of 4 units, all 1 BR plus 1 BA with hardwood floors, front and rear entrances and washer dryer. Can also be used as a 2 BR, 1 BA. Rear structure consists of 2 studio units over 4, separately rented garages, each rear unit with their own terrace. Open garden space in the middle for common area use. Extra bonus storage space. Just a few short blocks to Main St. Santa Monica and the world famous Santa Monica beaches and pier. Currently there are 2 vacancies of a studio and one bedroom unit. Garages are also currently vacant. Solid investment opportunity in a world class city with upside potential.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T23:42:19.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/114579021
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    646 Ocean Park Blvd Santa Monica, CA 90405

    • Price: $2,100,000
    • Status: Active
    • MLS #: 21-698464
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,432
    SQFT
    $474
    $/SQFT
    1923
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    School District:
    Santa Monica-Malibu Unified School District
    Property Description
    Romantic courtyard Spanish apartment building with 6 legal units and 4 garages located in the historic and charming Ocean Park district of Santa Monica. Newly painted exterior. Front structure consists of 4 units, all 1 BR plus 1 BA with hardwood floors, front and rear entrances and washer dryer. Can also be used as a 2 BR, 1 BA. Rear structure consists of 2 studio units over 4, separately rented garages, each rear unit with their own terrace. Open garden space in the middle for common area use. Extra bonus storage space. Just a few short blocks to Main St. Santa Monica and the world famous Santa Monica beaches and pier. Currently there are 2 vacancies of a studio and one bedroom unit. Garages are also currently vacant. Solid investment opportunity in a world class city with upside potential.
    Exterior Features

    Cross Streets Between 7th St. And Highland Ave. Direction Faces North Levels Two Lot Description Single Lot Lot Location City Lot Size Area 4835 Other Structures None Parking Garage Garage Is Detached Paved YN Yes Style Spanish Total Parking 4 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 6.00 Cooling None Equipment RefrigeratorRange/Oven Fireplace Rooms None Flooring Hardwood Heating Wall Gas Laundry Outside Water Heater Features Gas

    Property Features

    Alley YN Yes Assessed Total Value 756437 Gross Income 125316 Gross Operating Income 125316 Insurance Expense 2611.00 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Maintenance Expense 2125.00 Net Operating Income 87893.00 Number Of Buildings 2 Number Of Units 6 Rent Control YN Yes Sale Type Standard Security Features None Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 37423 Type Of Units Courtyard Water In Street Water Expense 2735.00 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smop2*

    Listing provided courtesy of Melissa Macfadyen DRE#01005574 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T23:42:19.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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