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2302 Oak St

Santa Monica CA 90405

11
9
8287 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Beautifully located in a prime Santa Monica area, this seven-unit multifamily property is just minutes from Santa Monica Business Park, major employers, and Santa Monica College. The property is also well-positioned to benefit from the Santa Monica Airport Conversion Project, which will close the airport by 2028 and transform the area into parks, open space, and community amenitiessupporting long-term neighborhood desirability and value growth. Built in 1965, the property offers approximately 9,109 SF of living area on an 8,287 SF lot, with a strong unit mix of three 2-bed/2-bath units, three 3-bed/2-bath units, and one 4-bed/3-bath townhouse-style front unit. The building is separately metered for gas and electricity, includes on-site laundry, five units with in-unit laundry, and seven parking spaces, including four gated stalls. Two units have been recently upgraded with new flooring, renovated kitchens, updated bathrooms, modern lighting, and in-unit laundry. With current rents below market, a new owner has meaningful upside through natural turnover and renovation of the remaining units. This offering provides immediate income, strong rent growth potential, and long-term appreciation in one of the Westsides most desirable rental markets.

Features

11 bedrooms
9 bathrooms
8287 sq. ft. lot size
Multi-Family

Property history for 2302 Oak St

2006
Sold
$1,479,955
01 Jun 2006

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Local market activity for 11 bedroom multi families in Santa Monica

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Sales:
(619) 566-0008
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