646 Ocean Park Boulevard

Santa Monica, CA 90405

$1,975,000
Last Sold Price
4
Beds
6
Baths
4,432 Sq. Ft.
$446 / Sq. Ft.
4,432
Sq. Ft.
$446
per Sq. Ft.

Description

Romantic courtyard Spanish apartment building with 6 legal units and 4 garages located in the historic and charming Ocean Park district of Santa Monica. Newly painted exterior. Front structure consists of 4 units, all 1 BR plus 1 BA with hardwood floors, front and rear entrances and washer dryer. Can also be used as a 2 BR, 1 BA. Rear structure consists of 2 studio units over 4, separately rented garages, each rear unit with their own terrace. Open garden space in the middle for common area use....Romantic courtyard Spanish apartment building with 6 legal units and 4 garages located in the historic and charming Ocean Park district of Santa Monica. Newly painted exterior. Front structure consists of 4 units, all 1 BR plus 1 BA with hardwood floors, front and rear entrances and washer dryer. Can also be used as a 2 BR, 1 BA. Rear structure consists of 2 studio units over 4, separately rented garages, each rear unit with their own terrace. Open garden space in the middle for common area use. Extra bonus storage space. Just a few short blocks to Main St. Santa Monica and the world famous Santa Monica beaches and pier. Currently there are 2 vacancies of a studio and one bedroom unit. Garages are also currently vacant. Solid investment opportunity in a world class city with upside potential.

Listing Agents

  1. Melissa Macfadyen

    Melissa Macfadyen

    Listing Agent

    Compass

    DRE #01005574

  2. Bill Lustig

    Bill Lustig

    Alternative Listing Agent

    Compass

    DRE #00921031

Property Details for 646 Ocean Park Boulevard

Water Front
None
Zoning
SMOP2*
Style
Spanish
Cross Streets
Between 7th St. and Highland Ave.
Parcel Number
4287015024
Total Units
6.0
Living Area
4432
Source Living Area
Vendor Enhanced

Location

Listing Courtesy of Compass, Melissa Macfadyen, DRE #01005574; Compass, Bill Lustig, DRE #00921031

Sold By Dana Brody, Dana Brody, DRE #01429001

Add your commute
LISTING UPDATED: 07/16/2021 09:57 AM

Property Details for 646 Ocean Park Boulevard

StatusSold
MLS #21-698464
Days on Market79
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.11 AC / 4,835 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Melissa Macfadyen, DRE #01005574; Compass, Bill Lustig, DRE #00921031

Sold By Dana Brody, Dana Brody, DRE #01429001

Add your commute

Building Information for 646 Ocean Park Boulevard

Stories2Residences-Year Built1923Building Size-Lot Size0.11 AC / 4,835 SF

Payment Calculator

$12,847 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,778

Property Taxes

$2,069

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 646 Ocean Park Boulevard

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: Courtyard
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Direction Faces: North
  • Water: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control, Coastal Zone
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $125,316
  • Net Operating Income: $87,893.00
  • Gross Income: $125,316
  • Cap Rate: 3.80%
  • Gross Rent Multiplier: $18.30
  • Total Annual Expense: 37423
  • Water Expense: $2,735.00
  • Tax Expense: $28,750
  • Expense Licenses: $1,202.00
  • Insurance Expense: $2,611
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.111
  • Lot Size Square Feet: 4835
  • Lot Size Dimensions: 40x120
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Description: Single Lot
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached
  • Total Parking: 4
  • Garage Spaces Total: 4
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-26-2021
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,201.00
  • Unit Actual Rent: $1,201.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,072.00
  • Unit Actual Rent: $1,072.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $858.00
  • Unit Actual Rent: $858.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,912.00
  • Unit Actual Rent: $1,912.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $209,368.00
  • Assessed Improvement Percent: 27.68
  • Assessed Land Value: $547,069.00
  • Assessed Land Percent: 72.32
  • Assessed Total Value: $756,437.00

Property History for 646 Ocean Park Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 646 Ocean Park Boulevard

Taxable ValueLand$1,326,000Additions$688,860Total$2,014,860
Tax Record2023$24,822 ($2,069 / month)
Home Facts
Total Finished SqFt4,432 SqFtAbove Grade Finished SqFt4,432 SqFtLot Size4,835 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningSMOP2*CountyLOS ANGELESAPN4287-015-024

Schools near 646 Ocean Park Boulevard

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 - 9 to 12
Rating
School
Distance
John Muir Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

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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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 Compass, Melissa Macfadyen, DRE #01005574; Compass, Bill Lustig, DRE #00921031

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.