Fantastic 4-plex for sale in Santa Monica just 11 blocks from the ocean! 🌊 Perfect for an owner user or to own & hold!
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Coldwell Banker Beverly Hills North Office
301 N Canon Drive
Suite E
Beverly Hills, CA 90210

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1107 Ocean Park Boulevard, Santa Monica, CA 90405

  • 8 Bedrooms, 4 Baths
  • 4 - 2 bedroom 1 bath units
  • Annual income of $138,960
  • Recently updated & remodeled
  • All new dual pane windows
  • Terrific Santa Monica location 11 blocks from the ocean
  • MLS# 18-369022
  • View Listing Details
Additional Information
Cap Rate: 5 Annual Gross Income: $138960
Zoning: SMOP2* Annual Operating Expense: $29932
Price per Square Foot: $627.00 Annual Net Income: $109037
Number of Units: 4 Unit Rental Price Range: $1,945-$3,348

Incredible opportunity to own this fantastic 4-plex in the heart of Santa Monica just 12 blocks from the beach.  Centrally located near shops, hotels & restaurants, the popular Venice Beach area and the Santa Monica Pier, freeways & mass transportation. This classic 1940's 4-plex with all 2 bedroom 1 bath units has been thoughtfully remodeled in 2016 with all new dual pane window, some units with remodeled kitchens & baths & repainted inside & out, spacious kitchens, each with a laundry area, center hallway and the front unit with a large private outdoor garden with lawn and barbecue area.  Projected rents are showing increase as of September 1, 2018, great upside potential and the perfect opportunity for an owner user to live almost for free or just purchase this great property, sit back and collect the rents.

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