NOT LISTED FOR SALE
6 Beds
6 Baths
3,569 Sq Ft
7,010 Sq Ft Lot

Sale Details

Date Sold: September 3, 2021

Last sale price $3,036,000 $851 Per Sq Ft

10 Days on Market

Highlights

  • Balcony
  • Enclosed Patio or Porch
  • 5 Car Garage
  • Grant Elementary School Rated A+
  • Built-In Features
  • 2-minute walk to Clover Park

About This Home

As of September 2021

35% DOWN SELLER FINANCING AT 4.0% INTEREST ONLY (call or email for full details) 2450 Oak Street is a charming 6-unit Multi-family asset is located in Sunset Park, Santa Monica. The property features various upgrades to some of the units including all new windows, copper plumbing, in-unit laundry, steel appliances, granite countertops, chefs kitchen, ceiling fans, stackable W/D, and a new roof on both buildings with a rubberized layer installed in 2015-2016. 4 of the 6 units have large private gated patios, and the front house has a private gated patio with a fire pit. The building is walking distance to Clover Park and many businesses and restaurants along Ocean Park Blvd. This prime location is a straight shot to both the Interstate 10 freeway on the east and Ocean Park Beach on the west. Tucked away in a quiet residential neighborhood, this asset is ideal for an investor looking to acquire an appreciating asset with 30% upside in rents and attractive interest only seller financing. ADDITIONAL $1,300 IN GARAGE INCOME FROM OFF-SITE TENANTS. Please do not disturb the tenants. All showings will be subject to an accepted offer.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 08/17/2021

RE/MAX One

Co-Listed By

Robert Carlile

RE/MAX One License #02066811

Last Buyer's Agent

David Putnam

Berkshire Hathaway HomeServices California Properties License #01036004

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 7,010 Sq Ft Lot
  • North Facing Home

Parking

  • 5 Car Garage

Interior Spaces

  • 3,569 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Alarm System

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Dryer

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 4272-020-019

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1948 | Remodeled

Lot Details

7,010 Sq Ft Lot

Parking

5

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3569
  • Lot Acreage: 0.1609
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Cooktop - Gas
  • Bedrooms: 6
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Equipment: Alarm System, Built-Ins, Dryer, Dishwasher, Range/Oven, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 861.59

Exterior Features

  • Direction Faces: North
  • Other Features: Balcony
  • Other Structures: None
  • Patio: Enclosed, Wood

Garage/Parking

  • Garage Spaces: 5
  • Covered Parking: 5
  • Parking Garage: Garage
  • Total Parking: 5

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 29.82
  • Assessed Improvement Value: 884340
  • Assessed Land Percent: 70.18
  • Assessed Land Value: 2080800
  • Total Assessed Value: 2965140
  • Assessor Parcel Number: 4272-020-019
  • Lot Size Area: 7010

Rental Info

  • Total Actual Rent: 12416.00
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 18.68
  • Number Of Units: 6
  • Rent Control: 100
  • Type Of Units: Apartments
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Prior Sale
09/03/2021 09/03/21 Sold $3,036,000 -1.3% $851 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $3,075,000 +8.3% $862 / Sq Ft
07/15/2018 07/15/18 Sold $2,840,000 -0.4% $796 / Sq Ft View Prior Sale
04/09/2018 04/09/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $2,850,000 -- $799 / Sq Ft
Source: The MLS

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 $40,513 $3,221,827 $2,653,020 $568,807
2024 $38,028 $3,158,654 $2,601,000 $557,654
2023 $37,428 $3,096,720 $2,550,000 $546,720
2022 $36,977 $3,036,000 $2,500,000 $536,000
2021 $36,314 $2,995,858 $2,102,357 $893,501
2019 $35,728 $2,907,340 $2,040,000 $867,340
2018 $29,652 $2,500,340 $1,600,000 $900,340
2016 $9,543 $730,830 $586,503 $144,327
2015 $9,421 $719,854 $577,694 $142,160
2014 $9,339 $705,754 $566,378 $139,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-773428

The MLS
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