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.