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Unit 1 2402 Ocean Park blvd Santa Monica CA 90405
Price $ 1,895,000
Listing ID SB25219953
Status Active
Property Type Single Family Residence
County Los Angeles
Beds 5
Baths 4
House Size 1940
Year Built 1957
Days on website 2
Description
**Seller is offering a rate buy down on this mid-century INCOME PRODUCING DUPLEX to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,500! This property and rate will not last!** The building offers 1,940 sq. ft. of living space across two spacious remodeled units: a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit being delivered vacant at sale. Both units feature remodeled kitchens and bathrooms, stainless steel appliances, central AC, recessed lighting, in-unit and onsite laundry, and updated dual-pane windows. Recent improvements include copper plumbing, new water heaters, updated electrical, and drain line upgrades, making this a low-maintenance, move-in-ready property. Furthermore, a buyer can build 2 additional units and generate up to a 6.91% cap rate! With an unbeatable walk score, this is located just steps from Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and some of the best cafes and restaurants in Santa Monica! A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.
Location
Financial Information
List Price: $ 1895000
Property Features
Community Features: Suburban
High School District: Santa Monica-Malibu Unified
Laundry Features: Inside
Levels: One
Senior Community YN: false
Structure Type: House
Water Source: Public
High School District: Santa Monica-Malibu Unified
MLS Area Major: C14 - Santa Monica
City: Santa Monica
Senior Community YN: false
Listed By:   Cameron Samimi   Lyon Stahl Investment Real Estate, Inc. 
Co-listed by
David Messiah  
CA Lic#
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