825 Ocean Park Boulevard

Santa Monica, CA 90405

$2,070,000
Last Sold Price
8
Beds
5
Baths
3,719 Sq. Ft.
$557 / Sq. Ft.
3,719
Sq. Ft.
$557
per Sq. Ft.

Description

Incredible opportunity to own this charming fourplex in beautiful Santa Monica. Conveniently located right across from Gelsons and in between the famous Santa Monica Pier and Santa Monica College. You can walk or bike everywhere, this is true California living at its finest. The unit mix consists of (1) 3bed/1bath (2) 2bed/1bath and (1) 1bed/1bath. There are four private one car garages, which are being leased separately, a laundry room and storage area. All units are currently occupied with the...Incredible opportunity to own this charming fourplex in beautiful Santa Monica. Conveniently located right across from Gelsons and in between the famous Santa Monica Pier and Santa Monica College. You can walk or bike everywhere, this is true California living at its finest. The unit mix consists of (1) 3bed/1bath (2) 2bed/1bath and (1) 1bed/1bath. There are four private one car garages, which are being leased separately, a laundry room and storage area. All units are currently occupied with the exception of the 1bed/1bath. Move-in the vacant unit and use the rental income from the others to pay for the mortgage or pick your own tenant. On the market for the first time in over 35 years don't let this opportunity pass you by!
  1. Listed by Katia Miramontes • DRE #01909807 • Brokerage DRE #01073919 • The Agency

Property Details for 825 Ocean Park Boulevard

Zoning
SMR3A*
Style
Traditional
Parcel Number
4284008002
Total Units
4.0
Living Area
3719
Source Living Area
Vendor Enhanced
Area
Santa Monica (C14)
Vacancy Rate
0

Location

Listing Courtesy of The Agency, Katia Miramontes, DRE #01909807

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute
LISTING UPDATED: 05/12/2021 02:17 PM

Property Details for 825 Ocean Park Boulevard

StatusSold
MLS #21-712610
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.15 AC / 6,602 SF
CountyLos Angeles County

Location

Listing Courtesy of The Agency, Katia Miramontes, DRE #01909807

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 825 Ocean Park Boulevard

Stories1Residences-Year Built1955Building Size-Lot Size0.15 AC / 6,602 SF

Payment Calculator

$14,068 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,297

Property Taxes

$2,771

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 825 Ocean Park Boulevard

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Fourplex
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $126,297
  • Net Operating Income: $84,264.00
  • Gross Income: $126,297
  • Cap Rate: 3.90%
  • Gross Rent Multiplier: $17.00
  • Total Annual Expense: 38516
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1516
  • Lot Size Square Feet: 6602
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4
  • Garage Spaces Total: 4
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood, Carpet
  • Equipment: Ceiling Fan, Washer, Range/Oven, Dryer
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-01-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $3,279.20
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $2,202.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $2,388.10
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $172,384.00
  • Assessed Improvement Percent: 42.33
  • Assessed Land Value: $234,897.00
  • Assessed Land Percent: 57.67
  • Assessed Total Value: $407,281.00

Property History for 825 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 825 Ocean Park Boulevard

Taxable ValueLand$2,126,700Additions$637,500Total$2,764,200
Tax Record2023$33,247 ($2,771 / month)
Home Facts
Total Finished SqFt3,719 SqFtAbove Grade Finished SqFt3,719 SqFtLot Size6,602 SqFtStyleQuadraplexYear Built1955ZoningSMR3A*CountyLOS ANGELESAPN4284-008-002

Schools near 825 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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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 The Agency, Katia Miramontes, DRE #01909807

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.