Seller Financing
Address
2450 Oak Street Santa Monica, CA
Price
$ 2,995,000
Property Attributes
- MLS#SB20253291
- TypeIncome
- CountyLOS ANGELES
- CitySanta Monica
- AreaSanta Monica
- Zip90405
- Style
- Price$ 2,995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3569
- Lot Size7,009 SqFt
Listing Provided Courtesy Of:
Corey Rasmussen with Lyon Stahl Investment Real Estate, Inc..
Property Description
Corey Rasmussen of Lyon Stahl Investment Real Estate is pleased to present 2450 Oak Street, a beautiful 6-unit apartment building located in Santa Monica’s desirable Sunset Park neighborhood. The property was originally constructed in 1948 by prolific SM designer, Cecil Gale, featuring original Tiffany stained-glass windows, and has since been well-kept and some units remodeled. The property features various upgrades to some of the units including all new windows, copper plumbing, in-unit laundry, steel appliances, granite countertops, chef’s kitchen, ceiling fans, stackable W/D, and a new roof on both buildings with a rubberized layer installed in 2015-2016. 4 of the 6 units have huge private gated patios, and the front house "owner's unit" has a private gated patio with a fire pit. There are 5 private garages on-site, all with remote access, that are currently rented to off-site tenants, providing additional income. There is also an option for an interest-only seller carry with only $850k down. With strong in place rents and ~30% upside, this is a perfect exchange property or owner-user in the highly sought-after, quiet, and very walkable residential neighborhood of Sunset Park, with easy access to Lincoln Blvd and the 10 FWY.
| Price History | |
|---|---|
| 12/8/2020 | Listed $2,995,000 |
General Features
| Attached Structure | Attached |
|---|---|
| Co-Listing Agent Last Name | Nico |
| Co-Listing Agent Last Name | Rosmarin |
| Co-Listing Agent State License # | 02023847 |
| Co-listing Agent | Nico Rosmarin - BRE#02023847 |
| Community Features | Biking, Curbs, Dog Park, Park, Sidewalks, Suburban |
| Directions | Travelling East on Ocean Park Blvd, turn right onto 25th St, then another right onto Oak St. The property will be on the left hand side. |
| Garage Spaces | 5.00 |
| Levels | Two |
| Listagentaor | South Bay |
| Listing Agent | Corey Rasmussen - BRE#02042837 |
| Listing Agent State License | 02042837 |
| MLS Area | C14 - Santa Monica |
| Pool Features | None |
| Price Per Square Foot | 839.17 |
| Property Attached Y/N | Yes |
| Sewer | Public Sewer |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Total Units | 6 |
| Zoning | SMR2* |
Interior Features
| 1st Bedroom Area Unit Type | Square Feet |
|---|---|
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area Unit Type | Square Feet |
| Common Walls | 2+ Common Walls |
| Laundry Features | Electric Dryer Hookup, In Kitchen, Stackable, Washer Hookup |
| Laundry Y/N | Yes |
| Studio Area Unit Type | Square Feet |
| Total Stories | 2 |
Exterior Features
| Building Area Total | 3569.00 |
|---|---|
| Lot Features | 6-10 Units/Acre, Landscaped, Lot 6500-9999, Rectangular Lot, Level, Park Nearby, Patio Home |
| Lot Size Acres | 0.1609 |
| Lot Size Area | 7010.0000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 7010.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Number of Separate Electric Meters | 6 |
| Number of Separate Gas Meters | 6 |
| Number of Separate Water Meters | 1 |
| Numberofrentedgarages | 5 |
| Total Parking | 5.00 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90405
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of January 25, 2021 8:42 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Last updated: January 25, 2021 8:42 AM UTC Property Information © 2021 
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