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
AVG $3.7M
$3M
Visits
AVG 89
9
Year Built
AVG 1946
1948

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