Multifamily
649 Ocean Park Blvd
649 Ocean Park Blvd, Santa Monica, CA 90405
Listing Price: $3,100,000
Investment Overview
649 Ocean Park Blvd is a seven-unit apartment building on the northwest corner of 7th St and Ocean Park Blvd. The 5,262sf two-story building was built in 1957 with a wood frame and stucco construction. The property is on an oversized 8,081sf corner lot. This property features a courtyard style layout with six of the seven units on one level, with no neighbors above them. The unit mix consist of four one-bedroom one-bathroom units and three two-bedroom one-bathroom units. There is currently one vacant one-bedroom unit. Select unit(s) may feature peak-a-boo ocean views. There are two parking spaces on the Ocean Park Blvd side of the property and three parking spaces on 7th St for a total of five parking spaces. Buyer to verify all earthquake retrofit requirements. The building features on site laundry room for additional income, with a large storage room and bike closets. There are endless amenities in the vicinity. The property is about a half-mile from the Santa Monica State Beaches, volleyball courts, walking and bike paths, as well as endless shops, bars, restaurants coffee shops and along Main Street. The property is near the Santa Monica Pier, Third Street Promenade, Santa Monica Place Mall, and retail along Rose Avenue.
Investment Highlights
- Corner Lot - NWC 7th St - Excellent Santa Monica Location - Ocean Views in Certain Unit(s) - 0.6 Miles from Santa Monica Beach
- WalkScore.com = 89 - 'Very Walkable - Most errands can be accomplished on foot." - Located walking distance to many shops, restaurants, cafes, and bars along Main Street and Rose Avenue
- Location Demands Premium Rents w/ Local High Pay Jobs - Avg. Household Income $154,774.
- HIGH INCOMES - Educational attainment translates into a median household income that is well above the national average; however, high home prices keep the homeownership level around 39%, providing a strong rental market.
- GROWING TECH SECTOR - The region's growing high-tech sector has awarded the Santa Monica/Venice area the nickname of "Silicon Beach," attracting companies like Google and Twitter
- WELL-EDUCATED WORKFORCE - More than twice as many adults possess a bachelor's degree, compared with the nation, and 28% also hold a graduate or professional degree.
Exclusively Listed By
Financing By
Listing Price: $3,100,000
Investment Highlights
- Corner Lot - NWC 7th St - Excellent Santa Monica Location - Ocean Views in Certain Unit(s) - 0.6 Miles from Santa Monica Beach
- WalkScore.com = 89 - 'Very Walkable - Most errands can be accomplished on foot." - Located walking distance to many shops, restaurants, cafes, and bars along Main Street and Rose Avenue
- Location Demands Premium Rents w/ Local High Pay Jobs - Avg. Household Income $154,774.
- HIGH INCOMES - Educational attainment translates into a median household income that is well above the national average; however, high home prices keep the homeownership level around 39%, providing a strong rental market.
- GROWING TECH SECTOR - The region's growing high-tech sector has awarded the Santa Monica/Venice area the nickname of "Silicon Beach," attracting companies like Google and Twitter
- WELL-EDUCATED WORKFORCE - More than twice as many adults possess a bachelor's degree, compared with the nation, and 28% also hold a graduate or professional degree.
Investment Overview
649 Ocean Park Blvd is a seven-unit apartment building on the northwest corner of 7th St and Ocean Park Blvd. The 5,262sf two-story building was built in 1957 with a wood frame and stucco construction. The property is on an oversized 8,081sf corner lot. This property features a courtyard style layout with six of the seven units on one level, with no neighbors above them. The unit mix consist of four one-bedroom one-bathroom units and three two-bedroom one-bathroom units. There is currently one vacant one-bedroom unit. Select unit(s) may feature peak-a-boo ocean views. There are two parking spaces on the Ocean Park Blvd side of the property and three parking spaces on 7th St for a total of five parking spaces. Buyer to verify all earthquake retrofit requirements. The building features on site laundry room for additional income, with a large storage room and bike closets. There are endless amenities in the vicinity. The property is about a half-mile from the Santa Monica State Beaches, volleyball courts, walking and bike paths, as well as endless shops, bars, restaurants coffee shops and along Main Street. The property is near the Santa Monica Pier, Third Street Promenade, Santa Monica Place Mall, and retail along Rose Avenue.
Exclusively Listed By
Financing By

