2450 Oak Street

Santa Monica, CA 90405

$2,995,000
Price
6
Beds
6
Baths
3,569 Sq. Ft.
$839 / Sq. Ft.
3,569
Sq. Ft.
$839
per Sq. Ft.

Description

$2,000,000 ASSUMABLE LOAN. 4% interest only until 2029 for qualified buyer (private 3rd party lender) . Two blocks from Snapchat. Very well maintained building with character. 6 charming, one bedroom units located on quiet tree-lined street in Sunset Park. Backs to single family residential. All units have patios. Front unit has patio with fireplace. Certain units have been nicely upgraded with stone counters, stainless appliances and some, if not all, with in-unit laundry. Garage income of approximately...$2,000,000 ASSUMABLE LOAN. 4% interest only until 2029 for qualified buyer (private 3rd party lender) . Two blocks from Snapchat. Very well maintained building with character. 6 charming, one bedroom units located on quiet tree-lined street in Sunset Park. Backs to single family residential. All units have patios. Front unit has patio with fireplace. Certain units have been nicely upgraded with stone counters, stainless appliances and some, if not all, with in-unit laundry. Garage income of approximately $1,150/month from offsite renters (included in gross rent subject to verification). 5 total one car garages for possible future ADU conversion. Very close proximity to trendy eateries and other shops and amenities on Ocean Park Blvd. Just down the street from beautiful Clover Park! Inside with accepted offer. Income and expenses are approximate. Income and expense will be provided to the buyer through management company. Unit 3 can be delivered vacant or tenant will remain at $2,750/ month.
  1. Listed by David Putnam • DRE #01036004 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California Propert

Property Details for 2450 Oak Street

Zoning
SMR2*
Style
Federal
Cross Streets
25th and Oak
Accessibility Features
None
Parcel Number
4272020019
Total Units
6.0
Living Area
3569
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, David Putnam, DRE #01036004
Add your commute
LISTING UPDATED: 04/26/2024 12:01 AM

Property Details for 2450 Oak Street

StatusActive
MLS #24-379235
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.16 AC / 7,013 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Propert, David Putnam, DRE #01036004
Add your commute

Building Information for 2450 Oak Street

Stories2Residences-Year Built1948Building Size-Lot Size0.16 AC / 7,013 SF

Payment Calculator

$19,464 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,345

Property Taxes

$3,119

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2450 Oak Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: apartments
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $176,400
  • Net Operating Income: $113,675.00
  • Gross Income: $176,400
  • Cap Rate: 3.80%
  • Gross Rent Multiplier: $16.97
  • Financial Info as Of: 03/01/2024
  • Total Annual Expense: 62725
  • Water Expense: $2,613.00
  • Trash Expense: $2,779.00
  • Tax Expense: $37,202
  • Gardener Expense: $1,440
  • Insurance Expense: $12,268
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.161
  • Lot Size Square Feet: 7013
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage - 1 Car
  • Total Parking: 5
  • Covered Parking: 5
  • Garage Spaces Total: 5
  • Parking Features: Assigned, Garage - Single Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Asphalt
  • Sprinklers: Sprinkler Timer
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-18-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $870.50
  • Unit Actual Rent: $870.50
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,100.00
  • Unit Actual Rent: $870.50
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,067.00
  • Unit Actual Rent: $1,067.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,078.00
  • Unit Actual Rent: $3,078.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,695.00
  • Unit Actual Rent: $2,695.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $1,150.00
  • Unit Actual Rent: $1,150.00
  • Unit Projected Rent: $1,150.00
  • Like Units: 0
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $546,720.00
  • Assessed Improvement Percent: 17.65
  • Assessed Land Value: $2,550,000.00
  • Assessed Land Percent: 82.35
  • Assessed Total Value: $3,096,720.00

Property History for 2450 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 2450 Oak Street

Taxable ValueLand$2,550,000Additions$547,060Total$3,097,060
Tax Record2023$37,428 ($3,119 / month)
Home Facts
Total Finished SqFt3,569 SqFtAbove Grade Finished SqFt3,569 SqFtLot Size7,011 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningSMR2*CountyLOS ANGELESAPN4272-020-019

Schools near 2450 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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2450 Oak Street is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on April 18, 2024 by Berkshire Hathaway HomeServices California Propert, it's currently listed at $2,995,000. It has been on the market for a total of 15 days and was last sold on September 3, 2021. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include Grant Elementary School, John Adams Middle School and Santa Monica High School. 2450 Oak Street is a 6-bed, 6-bath, 3,569 sqft multi-family home built in 1948.

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 Berkshire Hathaway HomeServices California Propert, David Putnam, DRE #01036004

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.