2211 Oak Street

Santa Monica, CA 90405

$2,532,500
Last Sold Price
9
Beds
6
Baths
4,493 Sq. Ft.
$564 / Sq. Ft.
4,493
Sq. Ft.
$564
per Sq. Ft.

Description

We are pleased to offer for sale a five-unit apartment community located at 2211 Oak Street. The subject property is located just south of Ocean Park Boulevard, within the desirable Sunset Park sub-market of Santa Monica. Situated on a 7,000 square foot parcel, the property comprises of two one-bedroom units, two two-bedroom units (added in 1984) and a vacant stand-alone three-bedroom, two-bathroom home. Upon acquisition, the front house will be delivered vacant, providing immediate flexibility and...We are pleased to offer for sale a five-unit apartment community located at 2211 Oak Street. The subject property is located just south of Ocean Park Boulevard, within the desirable Sunset Park sub-market of Santa Monica. Situated on a 7,000 square foot parcel, the property comprises of two one-bedroom units, two two-bedroom units (added in 1984) and a vacant stand-alone three-bedroom, two-bathroom home. Upon acquisition, the front house will be delivered vacant, providing immediate flexibility and potential for new ownership. This presents an opportunity to reimagine the space and execute interior renovations that can unlock tremendous rental upside. The property offers a total of seven on-site parking spaces. The property is situated in one of the most desirable and affluent submarkets in Los Angeles County, making it an excellent investment opportunity for acquiring a well-maintained asset with remaining upside and long-term appreciation potential.
  1. Listed by Sean Rosenzweig • DRE #01406343 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2211 Oak Street

Zoning
SMR2*
Parcel Number
4272008020
Total Units
5.0
Living Area
4493
Source Living Area
Assessor
Area
Santa Monica (C14)
Vacancy Rate
1
Lot Size Area
7000

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By Harvest Realtors, Inc., George Wang, DRE #01751924

Add your commute
LISTING UPDATED: 09/06/2023 09:28 AM

Property Details for 2211 Oak Street

StatusSold
MLS #23-277211
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1937
Lot Size0.16 AC / 7,000 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Sold By Harvest Realtors, Inc., George Wang, DRE #01751924

Add your commute

Building Information for 2211 Oak Street

Stories2Residences-Year Built1937Building Size-Lot Size0.16 AC / 7,000 SF

Payment Calculator

$15,759 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,821

Property Taxes

$1,938

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2211 Oak Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $169,991
  • Net Operating Income: $112,180.00
  • Gross Income: $175,248
  • Cap Rate: 4.49%
  • Gross Rent Multiplier: $14.27
  • Total Annual Expense: 57811
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1607
  • Lot Size Square Feet: 7000
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 7
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-05-2023
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,050.00
  • Unit Actual Rent: $2,050.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,804.00
  • Unit Actual Rent: $2,804.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $742,648.00
  • Assessed Improvement Percent: 40.4
  • Assessed Land Value: $1,095,410.00
  • Assessed Land Percent: 59.6
  • Assessed Total Value: $1,838,058.00

Property History for 2211 Oak Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2211 Oak Street

Taxable ValueLand$1,117,318Additions$757,500Total$1,874,818
Tax Record2023$23,251 ($1,938 / month)
Home Facts
Total Finished SqFt4,493 SqFtAbove Grade Finished SqFt4,493 SqFtLot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningSMR2*CountyLOS ANGELESAPN4272-008-020

Schools near 2211 Oak Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Grant Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Juan Cabrillo Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sean Rosenzweig, DRE #01406343

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.