2408 Ocean Park Boulevard

Santa Monica, CA 90405

PRICE REDUCED

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-$100,000 (-2.52%)

$3,875,000

List Price

N/A

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straighten / sqft

1961

calendar_month Built

Property Description

Major changes! Updated 10-unit building in Santa Monica. This is a prime location close to everything. Restaurants, ocean and all the west side has to offer. The building has just been painted, dual-pane windows have been installed, and a new roof within the last two years, the building has been repiped and had a lot of new electrical done. The building has completed the soft story retrofit work and had new earthquake valves installed. Eight of the units have just been remodeled, 1 units is vacant and being advertised. Most of the kitchens have new cabinets, counters, sinks, and faucets. Some have new tile and all units are freshly painted. Several units have received new flooring. Most of the bathrooms have had total or partial remodels. Most of the units have new appliances installed. There is covered parking for 10 cars. There is a new washer and dryer on the premises that is fully owned. The owner has invested a lot of money over the last two years. The vacancy and expenses are estimated as the building has been in the remodeling phase for almost two years. One of the best priced buildings in Santa Monica with a great CAP rate. For access and showings call Harvey Stern 310 741-3636.

Listing Information

List Price $3,875,000
Status Active
MLS ML81979035
HOA $0
Type Commercial
Year Built 1961
Lot Size 6,408
Structure Size N/A
DOM 139
Courtesy Of David Lyng Real Estate
Listing Agent Paul Burrowes DRE#01955563

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Paul Burrowes, David Lyng Real Estate 408-497-3989. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 21st, 2025 at 11:36 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.