2302 Oak St Santa Monica, CA 90405
Sunset Park NeighborhoodEstimated payment $22,505/month
About This Home
Beautifully located in a prime Santa Monica area, this seven-unit multifamily property is just minutes from Santa Monica Business Park, major employers, and Santa Monica College. The property is also well-positioned to benefit from the Santa Monica Airport Conversion Project, which will close the airport by 2028 and transform the area into parks, open space, and community amenities—supporting long-term neighborhood desirability and value growth. Built in 1965, the property offers approximately 9,109 SF of living area on an 8,287 SF lot, with a strong unit mix of three 2-bed/2-bath units, three 3-bed/2-bath units, and one 4-bed/3-bath townhouse-style front unit. The building is separately metered for gas and electricity, includes on-site laundry, five units with in-unit laundry, and seven parking spaces, including four gated stalls. Two units have been recently upgraded with new flooring, renovated kitchens, updated bathrooms, modern lighting, and in-unit laundry. With current rents below market, a new owner has meaningful upside through natural turnover and renovation of the remaining units. This offering provides immediate income, strong rent growth potential, and long-term appreciation in one of the Westside’s most desirable rental markets.
Listing Agent
Wetrust Realty Brokerage Phone: 310-962-9994 License #02131775 Listed on: 07/06/2026
Property Details
Home Type
- Apartment
Year Built
- Built in 1965
Lot Details
- 8,287 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Parking
- 7 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 9,109 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 19 Bedrooms
- 15 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 20
- Tax Tract Number 8542
- Assessor Parcel Number 4272021001
- $2,341 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- Electric Expense $960
- Fuel Expense $2,400
- Gardener Expense $720
- Insurance Expense $4,800
- Maintenance Expense $3,600
- Pest Control $720
- Trash Expense $3,000
- Water Sewer Expense $4,200
- New Taxes Expense $40,480
- Operating Expense $60,880
- Gross Income $293,448
- Net Operating Income $232,568
Additional Features
- 7 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $30,142 | $2,309,516 | $1,229,920 | $1,079,596 |
| 2024 | $28,264 | $2,264,232 | $1,205,804 | $1,058,428 |
| 2023 | $27,826 | $2,219,836 | $1,182,161 | $1,037,675 |
| 2022 | $27,483 | $2,176,311 | $1,158,982 | $1,017,329 |
| 2021 | $26,778 | $2,133,639 | $1,136,257 | $997,382 |
| 2019 | $26,336 | $2,070,356 | $1,102,556 | $967,800 |
| 2018 | $24,720 | $2,029,762 | $1,080,938 | $948,824 |
| 2016 | $23,708 | $1,950,946 | $1,038,965 | $911,981 |
| 2015 | $23,409 | $1,921,642 | $1,023,359 | $898,283 |
| 2014 | $23,120 | $1,884,000 | $1,003,313 | $880,687 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/06/2026 07/06/26 | For Sale | $3,680,000 | -- | $404 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,690,000 | Southland Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,700,000 | Commercial | |
| Closed | $1,600,000 | Negative Amortization | |
| Closed | $1,275,000 | Commercial | |
| Closed | $650,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26147045
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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