$2,995,000

2450 Oak Street

Santa Monica CA, 90405

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 Monicas 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, chefs 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.

Details

MLS#SB20253291
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1948
Days On Site80

Features

SQ Feet3,569
Garage5
Story(s)2
Acreage0.16
Water FrontNo
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Area Information
StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90405
AreaC14 - Santa Monica
Listing VS Median (in 90405)
Price:
$2,995,000
low | high
Med:
$5,550
100% of Average
SqFt:
3,569
low | high
Med:
1,371
100% of Average
$ / SqFt:
$839
low | high
Med:
$4
100% of Average
On Site:
80
low | high
Med:
35
100% of Average
Listing Updated: February 10, 2021 1:59:47 PM PST
Charlie Rasmussen LogoMLS Number: SB20253291
Listing Provided By:
Charlie Rasmussen  of  Lyon Stahl Investment Real Estate Inc.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.