Santa Monica, CA 90405,2404 Ocean Park Blvd
Santa Monica, CA 90405,2404 Ocean Park Blvd
Santa Monica, CA 90405,2404 Ocean Park Blvd
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$1,470,000
Est. payment /mo
3 Baths
1,122 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,122 sqft

Price per Sqft $1,310

MLS Listing ID 25602967

Lot Size 3,357 Sqft

Property Sub-Type Multi-Family

Property Description

**INCOME PRODUCING TRIPLEX WITH A VACANT UNIT** Seller is offering a rate buy down on this to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! ** 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. This fully remodeled property includes two 1-bedroom units ( 1 of which is vacant) 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 Santa Monica

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Air Conditioning

Equipment Microwave, Freezer, Dishwasher

Exterior

Parking Features Carport

Garage Spaces 3.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>

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