$3,450,000 Price Analysis   ♡   Santa Monica, CA 90405 13 bed 7 bath 5,968 SqFt ($578/SqFt) 6,905SqFt lot. Built 1949 Listed 2024-05-24, Taxes $5,111 | Ⓧ USDA Ineligible due to price & location near Santa Monica |
1802 Ocean Park Blvd
Located in the Sunset Park neighborhood of Santa Monica is a pride of ownership seven-unit, 5, 968 sq. ft., apartment building situated on a 6, 905 sq. ft., lot zoned SMR3 built in 1949. The property consists of (4), 2 bedrooms, 1 bath unit located in the front building. Each unit has a vast kitchen, washer dryer hook-ups and access to a rear service patio. The rear building consists of (2), 2 bedrooms, 1 bath units on the 2nd floor with (1), 1 bedroom, 1 bath until on the 1st floor. The building will be delivered with 5 units VACANT. The building has 6 parking garages of which 5 are currently rented.
With its well-maintained exterior and stylish landscaped surroundings this building has tremendous curb appeal which adds to the overall value of the property. The building's prime location adjacent to Sunset Park Village offers access to a great list of amenities including top-rated schools, trendy dining options, boutique shopping, parks and rcreation areas, making it an ideal choice for tenants seeking a Southern California lifestyle. To na me a few great shops and restaurants there are: Local Kitchen and Wine Bar, Thyme Cafe and Market, Brook Rod, Bob's Market, Love Coffee, Handel's Ice Cream and Santa Monica Yoga. The educational school include, Little Dolphin Preschool, Will Rogers Elementary, John Adams Middle School and Santa Monica City College. For Value Add - Perfect opportunity to covert the garage into ADU's - Possibly 2!
Presented by D. Timothy Byrne at
COMPASS.
Property MLS #24-395129 from TheMLSCLAW
Full Bathrooms: 7
Laundry Features: In Unit
Garage Spaces: 6
Garage Description: Converted Garage
Parking Total: 6
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6905
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 3500, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3350, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3500, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 3400, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 2250
County: Los Angeles
Cap Rate: 5.66
Directions: On the corner of 18th Street and Ocean Park Blvd.
Source Property Type: Residential Income
Area: Santa Monica
Source Neighborhood: Santa Monica
Parcel Number: 4272-001-001
Zoning: SMR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $149,466 + $138,140 $287,606 | $5,111 |
| 2021 | $146,536 + $135,432 $281,968 | $4,936 |
| 2020 | $145,034 + $134,044 $279,078 | $4,900 |
| 2019 | $142,191 + $131,416 $273,607 | $4,847 |
| 2018 | $139,403 + $128,840 $268,243 | $4,551 |
| 2017 | $136,670 + $126,314 $262,984 | $4,473 |
| 2016 | $133,991 + $123,838 $257,829 | $4,275 |
| 2015 | $131,979 + $121,978 $253,957 | $4,222 |
| 2014 | $129,394 + $119,589 $248,983 | $4,231 |
| 2013 | $128,810 + $119,049 $247,859 | $4,206 |
| 2012 | $126,285 + $116,715 $243,000 | $4,128 |
| 2010 | $123,809 + $114,427 $238,236 | $3,933 |
| 2009 | $123,176 + $113,842 $237,018 | $3,842 |
| 2009 | $122,884 + $113,572 $236,456 | $3,842 |
| 2008 | $120,761 + $111,610 $232,371 | $3,780 |
| 2007 | $118,394 + $109,422 $227,816 | $3,703 |
$3,450,000
TheMLSCLAW
Listed 2024-05-24
$3,750,000
TheMLSCLAW
Listing removed 2014-02-02
$2,000
WestsideRentals
Price Changed for rent 2014-01-26
$2,000
WestsideRentals
Listed for rent 2013-12-11
$2,100
WestsideRentals
Listing removed 2013-12-10
$2,100
WestsideRentals
Sold 1976-01-06
$51,500
Public Record
Year Built: 1949
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 75
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.