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MULTIFAMILY OCEAN PARK 646


646 Ocean Park, Santa Monica California

Romantic courtyard Spanish apartment building with 7 units, located in the historic and charming Ocean Park district of Santa Monica. Front structure consists of 4 units with hardwood floors, front and rear entrances, 2 rear units with their own terrace and 4 separately rented garages. Open garden space in the middle for common area use. Extra bonus big storage space.

Just a few short blocks to Main St. Santa Monica and the world famous Santa Monica beaches and pier.

Estimate IRR

11-22%



Annual Preferred Return

8%

Estimate Holding Period

3-4 Years

FUND CLOSED

$2,500,000 USD


Property Overview

  • Address

    646 Ocean Park

  • Property Type

    Multifamily

  • Buildings

    2

  • Stories

    2

Utilities

  • Water

    City of Santa Monica

  • Sewer

    SCE

  • Gas

    SoCAL Gas

  •   

Site Description

  • Units

    7

  • Gross SF

    6,250

Construction

  • Exterior

    Stucco

  • Roof

    Pitched

  • Parking

    4 (Covered garage)

  • Storage Room

    1

INVESTMENT HIGHLIGHTS

Discover one of Santa Monica’s most energetic neighborhoods in Ocean Park, a quaint community perched on the sandy shore just south of the Santa Monica Pier. Often compared to Venice Beach, Ocean Park boasts safe residential streets and a trendy collection of shops, cafes, and restaurants.

Ocean Park’s pristine location allows residents to access Santa Monica’s retail, restaurant, and nightlife scene within minutes. Luxurious mid-rise condos reside along the beach, along with a mixture of older bungalows, apartment buildings, and upscale beach houses throughout the neighborhood.

Local parks are abundant throughout the neighborhood with plenty of open green space overlooking the beach. Enjoy the scenic ocean views from Dorothy Green Park or Ocean View Park after you find your cozy apartment in this lively Santa Monica neighborhood.

Building Location

94

Biker Score
Very Bikeable

82

Walk Score
Walker’s Paradise

Discover one of Santa Monica’s most energetic neighborhoods in Ocean Park, a quaint community perched on the sandy shore just south of the Santa Monica Pier.

Local parks are abundant throughout the neighborhood with plenty of open green space overlooking the beach. Enjoy the scenic ocean views from Dorothy Green Park or Ocean View Park after you find your cozy apartment in this lively Santa Monica neighborhood.

Santa Monica

646 Ocean Park, Santa Monica California