Skip To Content
    Return to Previous Page

    2224 Oak St

    Santa Monica, CA 90405
    • $2,095,000
    • STATUS: Active
    • ON SITE: 2 days
    • ID#: 20-597512
    New On Site 2 Days Ago
    UPDATED: 56 min ago
    $2,095,000
    • 5
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,254
      SQFT
    • $644
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:
    Area:

    School Ratings & Info

    Description

    We are proud to present this rare investment property in Sunset Park neighborhood of Santa Monica! This property is composed of 3 charming detached 1-bedroom bungalows, each with their own yard, 1 Large Studio apartment, and a 2nd floor 1 bedroom apartment. The potential 6th unit is an approved 1 bedroom ADU double wide garage which will be delivered vacant with permit-ready plans in place ready for a buyers renovation! This fantastic Santa Monica location attracts a varied array of tenants from students to young business professionals with close proximity to many of the amenities of Silicon Beach! A natural expected turnover of units moving forward will provide an opportunity to build rapid equity, while getting in at a rare price point! Just a short trip to Santa Monica beaches, with easy access to freeways and major stores, this property is in a thriving location in one of Santa Monicas hippest neighborhoods.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-03T15:42:38.15. 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.
    www.randyplaice.com/homes/107353435
    Print Image

    2224 Oak St Santa Monica, CA 90405

    • Price: $2,095,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: 20-597512
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,254
    SQFT
    $644
    $/SQFT
    1937
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    We are proud to present this rare investment property in Sunset Park neighborhood of Santa Monica! This property is composed of 3 charming detached 1-bedroom bungalows, each with their own yard, 1 Large Studio apartment, and a 2nd floor 1 bedroom apartment. The potential 6th unit is an approved 1 bedroom ADU double wide garage which will be delivered vacant with permit-ready plans in place ready for a buyers renovation! This fantastic Santa Monica location attracts a varied array of tenants from students to young business professionals with close proximity to many of the amenities of Silicon Beach! A natural expected turnover of units moving forward will provide an opportunity to build rapid equity, while getting in at a rare price point! Just a short trip to Santa Monica beaches, with easy access to freeways and major stores, this property is in a thriving location in one of Santa Monicas hippest neighborhoods.
    Exterior Features

    Cross Streets Oak St & 23Rd Direction Faces East Lot Size Area 8260 Other Structures None Parking Garage OtherAssigned Style Bungalow Total Parking 3

    Interior Features

    Baths Total 5.00 Cooling Wall/Window Equipment Other Heating Wall

    Property Features

    Assessed Total Value 1041299 Gross Income 129444 Gross Operating Income 125561 Like Units1 1 Like Units2 5 Net Operating Income 78620.00 Number Of Buildings 4 Number Of Units 6 Rent Control YN Yes Sale Type Standard Source Living Area Other Source Lot Size Area Other Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 46941 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Benjamin J. Hsiang DRE#01438644 of Realty Investment Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-03T15:42:38.15. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-597512-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-597512-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-597512-2.jpg
    Logo
    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355