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2005 Oak Street

Santa Monica, CA 90405
  • $2,600,000
  • STATUS: Active
  • ON SITE: 53 Days
  • ID#: 21778528
UPDATED: 46 min ago
$2,600,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

Tucked away in a quiet neighborhood, this rent control depressed asset is ideal for an investor looking to reside at the property. This Bungalow-style fourplex is located in the highly desirable beach community of Santa Monica. Positioned in the middle of a tree-lined residential block just south of Ocean Park Blvd. The property is adjacent to the neighborhood's local cafes, markets and shops along Ocean Park Boulevard and not far from Trader Joes, Whole Foods and Costco. Constructed in 1948, this almost 3,000 SF single-story trophy asset sits on 7,010 SF with SMR2 zoning. Comprised of (3) one-bedroom units and (1) light filled three-bedroom one and 3/4 bath middle unit surrounded by gardens. Each unit has been individually metered for gas and electricity. Additional property amenities include a landscaped front and back yards and (5) private, one-car garages. Two of the garages have been converted to an office/storage space with carpeting, lighting, and a window. The community laundry room has a stylish newer floor. 2005 Oak Street presents significant value-add opportunity to investors. With a popular location that is consistently under high demand among high-earning young professionals, 2005 Oak Street affords investors the opportunity to acquire a flexible investment property in this ever-growing metropolitan beach community.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/120993041
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2005 Oak Street Santa Monica, CA 90405

  • Price: $2,600,000
  • Status: Active
  • Updated: 46 min ago
  • ID#: 21778528
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1948
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
Tucked away in a quiet neighborhood, this rent control depressed asset is ideal for an investor looking to reside at the property. This Bungalow-style fourplex is located in the highly desirable beach community of Santa Monica. Positioned in the middle of a tree-lined residential block just south of Ocean Park Blvd. The property is adjacent to the neighborhood's local cafes, markets and shops along Ocean Park Boulevard and not far from Trader Joes, Whole Foods and Costco. Constructed in 1948, this almost 3,000 SF single-story trophy asset sits on 7,010 SF with SMR2 zoning. Comprised of (3) one-bedroom units and (1) light filled three-bedroom one and 3/4 bath middle unit surrounded by gardens. Each unit has been individually metered for gas and electricity. Additional property amenities include a landscaped front and back yards and (5) private, one-car garages. Two of the garages have been converted to an office/storage space with carpeting, lighting, and a window. The community laundry room has a stylish newer floor. 2005 Oak Street presents significant value-add opportunity to investors. With a popular location that is consistently under high demand among high-earning young professionals, 2005 Oak Street affords investors the opportunity to acquire a flexible investment property in this ever-growing metropolitan beach community.
Exterior Features

Parking Total 5

Interior Features

Appliances DisposalRefrigerator Cooling None Cooling YN No Heating Floor Furnace Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Garage YN Yes Gross Income 129828 Laundry Features Common AreaOutside Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 126295 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 1 Zoning Smr2*

Listing provided courtesy of Evelyn Lauchenauer of Berkshire Hathaway Homeservices California


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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