CA > Santa Monica
Santa Monica, CA 90405,1047 Ocean Park Blvd
Santa Monica, CA 90405,1047 Ocean Park Blvd
Santa Monica, CA 90405,1047 Ocean Park Blvd
5
See all 5 photos
$2,775,000
Est. payment /mo
Save
7 Baths
5,296 SqFt
Price Dropped by $75K

1047 Ocean Park Blvd Santa Monica, CA 90405

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
29
Apr
Wed
30
Apr
Thu
1
May
Kandy Katz

Kandy Katz

+1(214) 514-0472

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,296 sqft

Price per Sqft $523

MLS Listing ID 25-489977

Year Built 1947

Lot Size 6,619 Sqft

Acres 0.152

Property Sub-Type Multi-Family

Property Description

** SELLER FINANCING of $1,700,000 at a 4.52% Rate Available through 2032 (7 full years at 60% LTV)** 1047 Ocean Park Blvd is a 5,296-square-foot, seven-unit apartment building situated on a 6,617-square-foot corner lot, just east of Lincoln Blvd and less than a mile from the ocean. The property features a mix of five 2- bedroom/1-bathroom units, including one townhouse, and two large studio units. It also provides a total of ten parking spaces, offering convenience and accessibility for tenants.The property has undergone significant upgrades in recent years. Select units have been updated with maple and laminate flooring, and the building was retrofitted within the last two years. Foundational work was completed in 2023, while a new concrete driveway was paved in November 2022. This property offers strong rental upside with a pro-forma cap rate of 6.72% and a pro-forma GRM of 10.68. Its prime Santa Monica location combined with its recent improvements and competitive financing options, this property is a great investment opportunity with room for growth.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR3*

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Range/Oven

Exterior

Parking Features Carport

Garage Spaces 10.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

GET MORE INFORMATION

agent
Kandy Katz

Agent | RE. S.0195787

+1(214) 514-0472

3042 S Durango Dr, Las Vegas, NV, 89117-9186, USA

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Kandy Katz, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

1047 Ocean Park Blvd