649 Ocean Park Boulevard

Santa Monica, CA 90405

$3,100,000
Price
10
Beds
7
Baths
5,262 Sq. Ft.
$589 / Sq. Ft.
5,262
Sq. Ft.
$589
per Sq. Ft.

Description

Discover an exceptional investment opportunity at 649 Ocean Park Boulevard, where a remarkable 7-unit apartment complex is waiting for you in the prime Ocean Park area of Santa Monica. This extraordinary property offers a mix of one and two-bedroom apartments, some of which feature breathtaking ocean views. Perched on a hilltop, this property offers an unparalleled living experience. Its ideal location places it just half a mile away from the beach, surrounded by a wide range of dining establishments,...Discover an exceptional investment opportunity at 649 Ocean Park Boulevard, where a remarkable 7-unit apartment complex is waiting for you in the prime Ocean Park area of Santa Monica. This extraordinary property offers a mix of one and two-bedroom apartments, some of which feature breathtaking ocean views. Perched on a hilltop, this property offers an unparalleled living experience. Its ideal location places it just half a mile away from the beach, surrounded by a wide range of dining establishments, shops, and cafes along Ocean Park Boulevard. The rental rates reflect the exceptional value of Santa Monica, but this is your chance to seize a perfect investment opportunity. Don't miss the chance to make a smart move in the real estate markets. Schedule a showing today and secure your stake in this prime piece of real estate.
  1. Listed by Melissa Zee • DRE #01451028 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Rigoberto Fernandez • DRE #02226740 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 649 Ocean Park Boulevard

Zoning
SMOP2*
Parcel Number
4287003012
Total Units
7.0
Living Area
5262
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0
Lot Size Area
8083
LISTING UPDATED: 10/29/2024 09:57 AM

Property Details for 649 Ocean Park Boulevard

StatusActive
MLS #24-365407
Days on Market252
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.19 AC / 8,083 SF
CountyLos Angeles County

Building Information for 649 Ocean Park Boulevard

Stories2Residences-Year Built1957Building Size-Lot Size0.19 AC / 8,083 SF

Property Information for 649 Ocean Park Boulevard

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Contract, Conventional
  • Disclosures: As Is, Property Report
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $181,479
  • Net Operating Income: $124,647.00
  • Gross Income: $187,092
  • Gross Rent Multiplier: $14.43
  • Total Annual Expense: 62445
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1856
  • Lot Size Square Feet: 8083
  • Lot Size Dimensions: 80x102
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport, Covered Parking
  • Total Parking: 5
  • Covered Parking: 5
  • Parking Features: Carport, Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Ceiling Fan
  • Heating Type: Wall Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-13-2024
  • Listing Terms: Conventional, Contract, Cash To New Loan, Cash
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,225.00
  • Unit Actual Rent: $2,225.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,284.00
  • Unit Actual Rent: $1,284.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $982.00
  • Unit Actual Rent: $982.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $793,560.00
  • Assessed Improvement Percent: 24.48
  • Assessed Land Value: $2,448,000.00
  • Assessed Land Percent: 75.52
  • Assessed Total Value: $3,241,560.00

Property History for 649 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 649 Ocean Park Boulevard

Taxable ValueLand$2,496,960Additions$809,561Total$3,306,521
Tax Record2024$39,996 ($3,333 / month)
Home Facts
Total Finished SqFt5,262 SqFtAbove Grade Finished SqFt5,262 SqFtLot Size8,081 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningSMOP2*CountyLOS ANGELESAPN4287-003-012

Schools near 649 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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649 Ocean Park Boulevard is a multi-family home for sale in Santa Monica, CA 90405. This property was listed for sale on February 23, 2024 by Keller Williams Beverly Hills, it's currently listed at $3,100,000. It has been on the market for a total of 252 days and was last sold on December 13, 2021. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include John Muir Elementary School, John Adams Middle School and Santa Monica High School. 649 Ocean Park Boulevard is a 10-bed, 7-bath, 5,262 sqft multi-family home built in 1957.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Melissa Zee, DRE #01451028; Keller Williams Beverly Hills, Rigoberto Fernandez, DRE #02226740

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.