$325,000 Price Reduction!!! The property is fully occupied and currently offered at a 11.58 GRM and 5.87 CAP rate, at CURRENT RENTS! Roque & Mark Co. is pleased to represent this well maintained 6-unit apartment building in the Ocean Park neighborhood of Santa Monica. This property is only 6 blocks to Main St. and 8 blocks to the beach. The front unit is a huge 3 bedroom + 3 baths "Owner's Unit" that is approx. 2,000 sf. It has a private, 4 car oversized attached garage with additional driveway parking. Excellent unit mix consisting of (1) 3 beds + 3 baths, (3) 2 beds + 2 baths, and (2) 1 bed + 1 bath + bonus room. The bonus rooms function like a bedroom, just without a closet. The entire building has upgraded dual paned windows. 5 additional parking spaces located off the alley. Every unit has a reserved parking space. All soft-story retrofitting and balcony inspections have been completed. Several units have been luxuriously upgraded. For investors, this is an opportunity to acquire a solid, well-located coastal multifamily asset with lasting appeal and upside potential in an area known for high barriers to entry and enduring desirability. This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Santa Monica rent control.
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Prior to Mar 20, '26
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$2,975,000
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| Mar 20, '26 - Today |
$2,650,000 |
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Listed with Roque & Mark Company, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of 5/3/26 1:10 AM PDT 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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