1047 Ocean Park Boulevard Santa Monica, CA 90405
1047 Ocean Park Blvd is a 5, 296-square-foot, seven-unit apartment building located in the Ocean Park Submarket in the City of Santa Monica. Situated on a 6, 617-sf corner lot, the property contains a highly desirable unit mix of (five) 2-bedroom/1-bathroom units and (two) studio units, while (one) 2-bedroom/1-bathroom unit is a spacious townhome. The property was retrofitted within the last two years; foundational work was completed in 2023, and a new concrete driveway was installed in November 2022. Furthermore, there are a total of ten parking spaces with four additional tandem spots. 1047 Ocean Park Blvd provides an investor with the opportunity to own a trophy asset in a desirable pocket of Santa Monica! The asset has a value-add component with approximately 42% in rental upside and a 6.50% pro-forma cap rate and 11.07 pro-forma GRM!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site78 Days
- MLS StatusActive
- MLS ID Number24358301
- Home Size Source Estimated
- Year Built1947
- Lot Size0.152 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 1047 Ocean Park Boulevard Santa Monica, CA 90405
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General Features
- Parking Carport
- Parking Spaces 0
- Number of Stories 20
- Acreage 0.152
- Zoning SMR3*
- Listing Conditions Standard
Interior Features
- Appliances Microwave
- Laundry Features Washer IncludedDryer Included
Exterior Features
- Spa No
- Pool Features None
- Spa Features None
Community Features
- Senior Community No
- MLS Area C14 - Santa Monica