**CAN BE PURCHASED INDIVIDUALLY OR WITH ADJACENT DUPLEX at 2402 Ocean Park Blvd**This turnkey triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. 2404 Ocean Park Blvd is perfect for an owner-user, investor, or buyer looking to unlock… Read More rental income in a prime Santa Monica location. The property includes two 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, high ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a private patio, perfect for outdoor living or maximizing rental value.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 8.55% 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., David Messiah 310-425-9838
Listing Snapshot
Days Online
33
Last Updated
Property Type
Other
Beds
3
Square Ft.
1,122
Lot Size
0.08 Acres
Year Built
1948
MLS Number
25544989
30 Days Snapshot Of 90405
$2.27M
+22%
(avg) sold price
17
+13%
homes sold
56
-27%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Microwave
Building
Built in 1948, Building area total: 1,122, Levels: One, Living area: 1122, 1 story, 1 building
Income
Gross income: $99,000, Net operating income: $72,317
Lot
0.075 acres, 3,266 square feet, Size: 3,266
Parking
3 totals parking, Carport
Property
Zoning: SMR3*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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