NOT LISTED FOR SALE

646 Ocean Park Blvd Santa Monica, CA 90405

Ocean Park Neighborhood
4 Beds
6 Baths
4,432 Sq Ft
4,835 Sq Ft Lot

Last Sold July 14, 2021

Last sale price $1,975,000 $446 Per Sq Ft

79 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • North Facing Home
  • John Muir Elementary School Rated A
  • 4 Car Garage

About This Home

As of July 2021

Romantic courtyard Spanish apartment building with 6 legal units and 4 garages located in the historic and charming Ocean Park district of Santa Monica. Newly painted exterior. Front structure consists of 4 units, all 1 BR plus 1 BA with hardwood floors, front and rear entrances and washer dryer. Can also be used as a 2 BR, 1 BA. Rear structure consists of 2 studio units over 4, separately rented garages, each rear unit with their own terrace. Open garden space in the middle for common area use. Extra bonus storage space. Just a few short blocks to Main St. Santa Monica and the world famous Santa Monica beaches and pier. Currently there are 2 vacancies of a studio and one bedroom unit. Garages are also currently vacant. Solid investment opportunity in a world class city with upside potential.

Last Agent to Sell the Property

Melissa Macfadyen

Compass License #01005574 Listed on: 02/24/2021

Compass

Co-Listed By

Bill Lustig

Compass License #00921031

Last Buyer's Agent

Dana Brody

Dana Brody License #01429001

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,835 Sq Ft Lot
  • Lot Dimensions are 40x120
  • North Facing Home

Parking

  • 4 Car Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 4,432 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Oven or Range
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Location

  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4287-015-024

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 4432
  • Lot Acreage: 0.1110
  • Lot Dimensions: 40x120
  • Probate: No
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 4
  • Laundry: Outside
  • Total Bathrooms: 6.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 473.83

Exterior Features

  • Direction Faces: North
  • Other Structures: None
  • Paved: Yes
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Heating: Wall Gas
  • Water: In Street
  • Water Expense: 2735.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2611.00
  • Maintenance Expense: 2125.00

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Assessed Improvement Percent: 27.68
  • Assessed Improvement Value: 209368
  • Assessed Land Percent: 72.32
  • Assessed Land Value: 547069
  • Total Assessed Value: 756437
  • Assessor Parcel Number: 4287-015-024
  • Lot Description: Single Lot
  • Lot Location: City
  • Lot Size Area: 4835

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 18.30
  • Number Of Units: 6
  • Rent Control: 100
  • Total Annual Expense: 37423
  • Type Of Units: Courtyard
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 28750.00

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $1,975,000 -6.0% $446 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
04/30/2021 04/30/21 Price Changed $2,100,000 -8.7% $474 / Sq Ft
02/24/2021 02/24/21 For Sale $2,300,000 -- $519 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Melissa Macfadyen

    Seller's Agent in 2021

    Melissa Macfadyen

    Compass

    (310) 663-8061

    2 in this area

    23 Total Sales

    Melissa Macfadyen
    Section Image
  • Bill Lustig

    Seller Co-Listing Agent in 2021

    Bill Lustig

    Compass

    (310) 770-0283

    1 in this area

    33 Total Sales

    Bill Lustig
    Section Image
  • Dana Brody

    Buyer's Agent in 2021

    Dana Brody

    Dana Brody

    (310) 849-8151

    1 in this area

    29 Total Sales

    Dana Brody
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-698464

The MLS
California Los Angeles County Santa Monica 90405 Ocean Park

646 Ocean Park Blvd, Santa Monica, CA

This home is located at 646 Ocean Park Blvd, Santa Monica, CA 90405 since 24 February 2021. This property was built in 1923. 646 Ocean Park Blvd is a home located in Los Angeles County with nearby schools including John Muir Elementary School, John Adams Middle School, and Santa Monica High School.

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