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$2,699,000   Price Analysis
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649 Ocean Blvd
Santa Monica, CA 90405
10 bed 7 bath 5,262 SqFt ($512/SqFt)
8,083SqFt lot. Built 1957
Listed 2024-03-13
Ⓧ USDA Ineligible
due to price & location

near Santa Monica

Discover an exceptional investment opportunity at 649 Ocean Park Boulevard

Where a remarkable 7-unit apartment complex is waiting for you in the prime Ocean Park area of Santa Monica. This extrardinary property offers a mix of one and two-bedroom apartments, some of which feature bre athtaking ocean views. Perched on a hilltop, this property offers an unparalleled living experience.

Its ideal location places it half a mile away from the beach, surrounded by a wide range of dining establishments, shops and cafes along Ocean Park Boulevard. The rental rates reflect the exceptional value of Santa Monica, but this is your chance to seize a perfect investment opportunity. Don't miss the chance to make a smart move in the real estate markets. Schedule a showing today and secure your stake in this prime piece of real estate.


Presented by Melissa Zee Group at
Keller Williams Beverly Hills.
Listing Agent Photo

Property MLS #24-365407 from TheMLSCLAW

Bedrooms: 10

Total Bathrooms: 7
Full Bathrooms: 7

Cooling Features: Ceiling Fan
Heating Features: Wall Gas

Covered Spaces: 5
Garage Description: Carport, Covered Parking
Parking Total: 5

Lot Size Acres: 0.1855601
Lot Size Dimensions: 80x102
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8083

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 7
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2750, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2750, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3500, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2750, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 2750, 6 BedsTotal: 2, 6 BathsTotal: 1, 6 SquareFeet: 3500, 7 BedsTotal: 2, 7 BathsTotal: 1, 7 SquareFeet: 3500

School District: Los Angeles Unified

John Muir Elementary School is a public elementary school located approximately 0.1 miles away.
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Santa Monica High School is a public high school located approximately 0.5 miles away.
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John Adams Middle School is a public middle school located approximately 0.7 miles away.
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Circle Of Children Developmental Kindergarten is a private elementary school located approximately 0.6 miles away.
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Source Listing Status: Active
County: Los Angeles
Directions: North-west corner of Ocean Park Blvd. and 7th St., one block west of Lincoln Blvd.
Source Property Type: Residential Income
Area: Santa Monica
Source Neighborhood: Santa Monica
Parcel Number: 4287-003-012
Postal Code Plus 4: 3765
Zoning: SMOP2
Source System Name: C2C

Listed 2024-03-13
$2,699,000
TheMLSCLAW
Listing removed 2024-02-17
$0
TheMLSCLAW
Listed 2023-08-15
$2,850,000
TheMLSCLAW
Listing removed 2023-08-15
$0
TheMLSCLAW
Price Changed 2023-05-10
$2,850,000
TheMLSCLAW
Price Changed 2023-04-07
$2,950,000
TheMLSCLAW
Price Changed 2023-03-23
$3,100,000
TheMLSCLAW
Listing removed 2023-02-23
$0
TheMLSCLAW
Listed 2023-02-17
$3,350,000
TheMLSCLAW
Listed 2022-01-05
$3,295,000
TheMLSCLAW
Sold 2021-12-13
$3,178,000
TheMLSCLAW

Net Operating Income: 124647

Total Square Feet Living: 5262
Year Built: 1957
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 67
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Security Features: Carbon Monoxide Detector(s), Smoke Detector
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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.