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611 OCEAN PARK BLVD $3,195,000

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    611 OCEAN PARK BLVD SANTA MONICA, CA 90405

    • 8 Beds
    • 8 Baths
    • 4,694 sq. ft.
    • Multi-Family
    • MLS# 22-171013
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    Views: 5 Days On Site: 57

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    Property Details

    We are pleased to present this unique 5-unit opportunity in a prime Santa Monica location on the corner of 6th and Ocean Park, just steps to the beach, dining, entertainment and in close proximity to all of the major attractions that Santa Monica has to offer. The excellent unit mix and large units are coupled with unique charm in this well-maintained building, offering an investor long term growth in an excellent location. Two one bedroom unit will be delivered vacant at the close of escrow. The property offers excellent amenities for tenants with great outdoor space, garage storage/parking, and ease of access to major thorough fares. The property is well positioned to take advantage of continued low historical vacancy and long-term rental growth in one of the premiere locations in Santa Monica.

    • General Features
      • County Los Angeles
    • Building Features
      • Total # of Baths 8.00
      • Total Bedrooms 8
      • Cooking Appliances Oven, Oven-Gas, Cooktop - Gas, Microwave
      • Cooling Wall/Window
      • Heating Wall
      • Laundry Outside
      • Levels Multi/Split
      • Living Area 4694
      • Stories 2
    • Property Features
      • Exterior Construction Stucco
      • Lot Description Back Yard, Lot-Level/Flat, Sidewalks, Single Lot, Yard
      • Other Structures Shed(s), Other
      • Pool Description None
      • Pool Y/N No
      • Sewer In Street
      • Spa None
      • Tennis Court None

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    Neighborhood

    90405 (SANTA MONICA) Demographics

    41 Median Age
    9,748 Population Density (per sq. mile)
    75% College Educated
    $96,352 Estimated Median Income
    4,586 Estimated Total Home Owners
    9,488 Estimated Total Renters
    33% / 67% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    27,509 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,930,000 Median Sales Price
    21 Homes Sold
    50 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,195,000
        6/22/2022 11:37:00 AM New in Database Source: Multiple Listing Service New Value: $3,195,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.