2404 Ocean Park blvd 1, Santa Monica, CA 90405

• 3 beds |
• 3 baths |
• 1,122 sqft

Property Description

**INCOME PRODUCING TRIPLEX WITH A VACANT UNIT ON CLOSE OF ESCROW** Seller is offering a rate buy down on this to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! ** This turnkey Mid-Century style triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. It's perfect for someone looking to live in one unit and rent out the others. This fully remodeled property includes two 1-bedroom units ( 1 of which is vacant) and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, vaulted ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a huge private fenced patio which will extend your living and entertaining space, especially for those beautiful Santa Monica summer days. As a bonus, this gives a big boast to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, updated electrical, and new water heaters, giving peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.37% cap rate! With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and a variety of local cafes and restaurants. A perfect fit for a young prof

Listing Status:

Active

Listing Office:

Lyon Stahl Investment Real Estate, Inc. : 310-425-9838

Listing Agent:

Cameron Samimi : 310-259-7556

MLS ID:

SB25219948

Interior

• A/C: Central Forced Air
• Fireplace: N/K

Exterior

• Pool: N/K
• Parking: Parking spaces: 0

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: 4272023032
• View: Other/Remarks

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: California Regional MLS

This listing courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.