654 Ozone Street

Santa Monica, CA 90405

$3,350,000
Last Sold Price
5
Beds
5
Baths
2,734 Sq. Ft.
$1,225 / Sq. Ft.
2,734
Sq. Ft.
$1,225
per Sq. Ft.

Description

654 Ozone Street, offers a fully renovated 5 unit apartment building with high end finishings throughout. The quality of construction and improvements include, but are not limited to, new roof, new landscaping, drip irrigation, windows, electrical and interior and exterior lighting, new central HVAC with individual Nest thermostats, high end tile selection, flooring and finishes and new perimeter fencing allowing for very unique front and back yards! Tenants not only get to enjoy all of these upgrades...654 Ozone Street, offers a fully renovated 5 unit apartment building with high end finishings throughout. The quality of construction and improvements include, but are not limited to, new roof, new landscaping, drip irrigation, windows, electrical and interior and exterior lighting, new central HVAC with individual Nest thermostats, high end tile selection, flooring and finishes and new perimeter fencing allowing for very unique front and back yards! Tenants not only get to enjoy all of these upgrades but being located right off of Rose Ave they easily have shops, restaurants and grocery stores right at their fingertips! This deal is a sure fire option to demand top of the market rents for a long time to come! OFFERING ALSO INCLUDES City of Santa Monica, approved building plans to convert 3 garage spaces into a 600sqft ADU, increasing monthly income $3,000! This is a perfect deal for anyone who loves stable in place cash-flow with lots of room to grow!

Property Details for 654 Ozone Street

Parking Spaces Total
5
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2734
Assessor Parcel Number
4287-036-027
Property Attached YN
true

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

Sold By Realty Advisory Group, Inc., James Abbott, DRE #00769697

Add your commute
LISTING UPDATED: 02/19/2021 02:45 AM

Property Details for 654 Ozone Street

StatusClosed
MLS #SB21014473
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.17 AC / 7,271 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

Sold By Realty Advisory Group, Inc., James Abbott, DRE #00769697

Add your commute

Building Information for 654 Ozone Street

Stories-Residences-Year Built1952Building Size-Lot Size0.17 AC / 7,271 SF

Payment Calculator

$21,776 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,282

Property Taxes

$3,494

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 654 Ozone Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $222,600
  • Gross Scheduled Income: $222,600
  • Net Operating Income: $160,585
  • Financing: Cash
Expense Details
  • Operating Expense: $55,337
  • New Taxes Expense: $41,875
  • Fuel Expense: $0
  • Electric Expense: $625
  • Insurance Expense: $2,534
  • Professional Management Expense: $0
  • Trash Expense: $400
  • Water Sewer Expense: $600
  • Total Expenses: $55,337
Tax / Assessment Info
  • Tax Block: 4
  • Tax Tract Number: 7021.0
  • Tax Census Tract: 7021.02
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,000
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,000
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,750
  • Unit Type Total Rent: $3,750
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,300
  • Unit Type Total Rent: $3,300
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 654 Ozone 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 654 Ozone Street

Taxable ValueLand$2,705,040Additions$780,300Total$3,485,340
Tax Record2023$41,927 ($3,494 / month)
Home Facts
Total Finished SqFt2,734 SqFtAbove Grade Finished SqFt2,734 SqFtLot Size7,271 SqFtStyleMulti-Family Res (5+ Units)Year Built1952ZoningSMOP1*CountyLOS ANGELESAPN4287-036-027

Schools near 654 Ozone 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 - 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

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.