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Santa Monica, CA 90405 2450 Oak Street

$2,995,000

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Presented By: David Putnam with Berkshire Hathaway HomeServices California Properties;
  • MLS# 24379235
  • 04/18/2024
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 6
  • FootageSQFT • 3,569
  • GarageGarage • 5

Home Details

$2,000,000 ASSUMABLE LOAN. 4% interest only until 2029 for qualified buyer (private 3rd party lender) . Two blocks from Snapchat. Very well maintained building with character. 6 charming, one bedroom units located on quiet tree-lined street in Sunset Park. Backs to single family residential. All units have patios. Front unit has patio with fireplace. Certain units have been nicely upgraded with stone counters, stainless appliances and some, if not all, with in-unit laundry. Garage income of approximately $1,150/month from offsite renters (included in gross rent subject to verification). 5 total one car garages for possible future ADU conversion. Very close proximity to trendy eateries and other shops and amenities on Ocean Park Blvd. Just down the street from beautiful Clover Park! Inside with accepted offer. Income and expenses are approximate. Income and expense will be provided to the buyer through management company. Unit 3 can be delivered vacant or tenant will remain at $2,750/ month.
Presented By: David Putnam with Berkshire Hathaway HomeServices California Properties;

Interior Features for 2450 Oak Street

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths6

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories2

General for 2450 Oak Street

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDisposal, GasOven
Attached Garage No
Cap Rate3.63
Carport Y/NNo
CitySanta Monica
CoolingNone
CountyLos Angeles
Days on Market18
DirectionsOcean Park Blvd to 25th Street to Oak Street
Garage Spaces5.0
Garage Y/NYes
Gross Income167064.0
HOA / Comm AssnNo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense12268.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7013.0
MLS AreaC14 - Santa Monica
MaintenanceExpense6423.0
MobileHomeRemainsYNNo
Net Operating Income108564.0
New ConstructionNo
Occupancy DescriptionTenant
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameOak
Taxes$37,202
Total Units6
Trash Expense2779.0
View Y/NNo
Virtual TourClick here
Water Sewer Expense2613.0
Waterfront Y/NNo
Year Built1948
ZoningSMR2*

Exterior for 2450 Oak Street

Building Area Total3569.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.161
Lot Size Area7013.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesAssigned, DoorSingle, Garage
SpaNo
Total Parking5.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,995,000
MLS#24379235
List Date 04/18/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors