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512 OCEAN PARK Santa Monica, CA 90405
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Key Details
Sold Price $1,978,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,132 sqft
Price per Sqft $631
MLS Listing ID 19463774
Sold Date 10/16/19
Bedrooms 6
HOA Y/N No
Year Built 1962
Lot Size 5,736 Sqft
Acres 0.1317
Property Description
Prime Santa Monica location, steps aways to Main street and the beach (with 88% high walkable score) 5 unit building---includes (1) two bedroom one bath and (4) one bedroom one bath.Remodeling highlights include (in 2013) : new double-pane windows, refinished original hardwood floors, new wood cabinets, granite countertops, tiled bathrooms, all copper plumbing, new drainage to city line, new gutters and new exterior staircase with beautiful stone tile. Building has laundry room and 6 parking spaces in back. Street renovation was completed in early 2013, which features a "Complete Green Street" with wider sidewalks, brightly painted bike lanes, more than 100 new trees and landscaped medians. Property is priced at 17.4 GRM and 3.4% Cap, with potentially 22% upside in rent.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP2*
Interior
Fireplace No
Exterior
Garage OneSpace
Carport Spaces 6
Parking Type OneSpace
Total Parking Spaces 6
Building
New Construction No
Others
Senior Community No
Tax ID 4287013017
Special Listing Condition Standard
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Bought with Ali Perkdas • Coldwell Banker Residential Brokerage