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$1,470,000

Est. payment - /mo

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3 Beds

3 Baths

1,122 SqFt

New

2404 Ocean Park blvd #1 Santa Monica, CA 90405

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Patrick Fossati

patrick@fossatigrp.com +1(805) 910-0463

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,122 sqft

Price per Sqft $1,310

MLS Listing ID SB25219948

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1948

Lot Size 3,358 Sqft

Property Sub-Type Single Family Residence

Property Description

**Seller is offering a rate buy down on this INCOME PRODUCING TRIPLEX to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! After net expenses, a buyer could expect to pay approximately $1,993 per month which is less than the average rent in Santa Monica!** This turnkey Mid-Century style triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. It's perfect for someone looking to live in one unit and rent out the others.The property includes two fully remodeled vacant 1-bedroom units and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, vaulted ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a huge private fenced patio which will extend your living and entertaining space, especially for those beautiful Santa Monica summer days. As a bonus, this gives a big boast to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, updated electrical, and new water heaters, giving peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.37% cap rate! With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and a variety of local cafes and restaurants. A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Rooms

Main Level Bedrooms 3

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry See Remarks

Exterior

Pool None

Community Features Suburban

View Y/N Yes

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Santa Monica-Malibu Unified

Others

Senior Community No

Tax ID 4272023032

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

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Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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2404 Ocean Park blvd #1 Santa Monica, CA 90405

Patrick Fossati

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2404 Ocean Park blvd #1