$3,100,000
$401K PRICE INCREASE

649 Ocean Park Blvd Santa Monica, CA 90405

Ocean Park Neighborhood

Estimated payment $20,270/month

Total Views 11,999
10 Beds
7 Baths
5,262 Sq Ft
$589 Price per Sq Ft

Highlights

  • 0.19 Acre Lot
  • John Muir Elementary School Rated A
  • Ceiling Fan

About This Home

Discover an exceptional investment opportunity at 649 Ocean Park Boulevard, where a remarkable 7-unit apartment complex is waiting for you in the prime Ocean Park area of Santa Monica. This extraordinary property offers a mix of one and two-bedroom apartments, some of which feature breathtaking ocean views. Perched on a hilltop, this property offers an unparalleled living experience. Its ideal location places it just half a mile away from the beach, surrounded by a wide range of dining establishments, shops, and cafes along Ocean Park Boulevard. The rental rates reflect the exceptional value of Santa Monica, but this is your chance to seize a perfect investment opportunity. Don't miss the chance to make a smart move in the real estate markets. Schedule a showing today and secure your stake in this prime piece of real estate.

Listing Agent

Melissa Zee

Keller Williams Beverly Hills License #01451028 Listed on: 02/23/2024

Keller Williams Beverly Hills

Co-Listing Agent

Rigoberto Fernandez

Keller Williams Beverly Hills License #02226740

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 8,083 Sq Ft Lot
  • Lot Dimensions are 80x102

Interior Spaces

  • 5,262 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Carport

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 4287-003-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5262
  • Lot Acreage: 0.1856
  • Lot Dimensions: 80x102
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 589.13

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Carport, Covered Parking
  • Total Parking: 5

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Percent: 24.48
  • Assessed Improvement Value: 793560
  • Assessed Land Percent: 75.52
  • Assessed Land Value: 2448000
  • Total Assessed Value: 3241560
  • Assessor Parcel Number: 4287-003-012
  • Lot Size Area: 8083

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 14.43
  • Number Of Units: 7
  • Total Annual Expense: 62445
  • Type Of Units: Apartments
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

Map

Range of Values:

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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
10/29/2024 10/29/24 Price Changed $3,100,000 +14.9% $589 / Sq Ft
02/23/2024 02/23/24 For Sale $2,699,000 0.0% $513 / Sq Ft
03/15/2022 03/15/22 Rented $3,300 0.0% --
02/02/2022 02/02/22 For Rent $3,300 0.0% --
12/13/2021 12/13/21 Sold $3,178,000 -4.4% $604 / Sq Ft
11/17/2021 11/17/21 For Sale $3,325,000 0.0% $632 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
10/21/2021 10/21/21 Price Changed $3,325,000 0.0% $632 / Sq Ft
10/21/2021 10/21/21 For Sale $3,325,000 +2.3% $632 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $3,250,000 +83.1% $618 / Sq Ft
10/31/2012 10/31/12 Sold $1,775,000 0.0% $337 / Sq Ft
09/11/2012 09/11/12 Pending -- -- --
08/13/2012 08/13/12 For Sale $1,775,000 -- $337 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 24-365407

The MLS

California Los Angeles County Santa Monica 90405 Ocean Park

649 Ocean Park Blvd, Santa Monica, CA

This home is located at 649 Ocean Park Blvd, Santa Monica, CA 90405 and is currently priced at $3,100,000, approximately $589 per square foot. This property was built in 1957. 649 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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Melissa Zee
Listing Agent
Melissa Zee
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Keller Williams Beverly Hills
(424) 533-7135