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    2029 Oak St , A-C

    Santa Monica, CA 90405
    • $2,330,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 21-692414
    UPDATED: 35 min ago
    $2,330,000
    • 5
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,525
      SQFT
    • $923
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present 2029 Oak Street, a turnkey triplex located in the Sunset Park neighborhood of Santa Monica, California. The property, which consists of three free standing structures, offers an excellent unit mix of 1 one-bedroom/one-bathroom unit, 1 two-bedroom/one-bathroom unit and 1 two-bedroom/two-and-one-half-bathroom unit. Each of the units have been fully renovated and feature hardwood floors, new windows, new kitchens with tile backsplashes, stone countertops and high end appliances. Each unit has its own washer/dryer hookups. The 2,525 square foot building sits on a 7,013 square foot SMR2 zoned lot. The property also features four enclosed garages. Santa Monica has long been considered one of the most desirable rental submarkets in Los Angeles, with occupancy rates consistently above 97%. The property has great walkability, located just a few blocks from Santa Monica College, Santa Monica Business Park and Santa Monica Airport.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-27T09:42:29.973. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/114185877
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    2029 Oak St , A-C Santa Monica, CA 90405

    • Price: $2,330,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 21-692414
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,525
    SQFT
    $923
    $/SQFT
    1932
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    We are pleased to present 2029 Oak Street, a turnkey triplex located in the Sunset Park neighborhood of Santa Monica, California. The property, which consists of three free standing structures, offers an excellent unit mix of 1 one-bedroom/one-bathroom unit, 1 two-bedroom/one-bathroom unit and 1 two-bedroom/two-and-one-half-bathroom unit. Each of the units have been fully renovated and feature hardwood floors, new windows, new kitchens with tile backsplashes, stone countertops and high end appliances. Each unit has its own washer/dryer hookups. The 2,525 square foot building sits on a 7,013 square foot SMR2 zoned lot. The property also features four enclosed garages. Santa Monica has long been considered one of the most desirable rental submarkets in Los Angeles, with occupancy rates consistently above 97%. The property has great walkability, located just a few blocks from Santa Monica College, Santa Monica Business Park and Santa Monica Airport.
    Exterior Features

    Cross Streets Oak Street And 20th Street Lot Size Area 7013 Other Structures None Parking Garage Garage Total Parking 5

    Interior Features

    Baths Total 4.00 Cooling None Equipment Gas Or Electric Dryer Hookup Heating Wall Gas

    Property Features

    Assessed Total Value 1530000 Gross Income 137220 Gross Operating Income 133103 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 96218.00 Number Of Buildings 3 Number Of Units 3 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 96218 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Jeffrey Louks DRE#00908473 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-27T09:42:29.973. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583