2450 Oak St, Santa Monica, CA 90405

  • $2,995,000
2450 Oak St, Santa Monica, CA 90405, USA

2450 Oak St, Santa Monica, CA 90405

2450 Oak St, Santa Monica, CA 90405, USA
  • $2,995,000

Description

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.

  • City Santa Monica
  • State/county CA

Details

Updated on January 20, 2021 at 9:16 am
  • Property ID: LS29026
  • Price: $2,995,000
  • Property Size: 3,569 Sq Ft
  • Land Area: 7,010 Sq Ft
  • Year Built: 1948
  • Property Type: Multifamily
  • Property Status: Active

Overview

Property ID: LS29026
  • Multifamily
  • Property Type
  • 3,569
  • Sq Ft
  • 1948
  • Year Built

Contact Information

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