161 Ocean Park

    Santa Monica, CA 90405
    • $3,500,000
    • STATUS: Active
    • ON SITE: 266 days
    • ID#: 19438144
    UPDATED: 87 min ago
    $3,500,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,352
      SQFT
    • $1,044
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    We are pleased to present a six (6) unit multifamily property located at 161 Ocean Park Boulevard, in Santa Monica, California. The property is located on the hard corner of Neilson Way and Ocean Park Boulevard. Just one-half block away from the ocean, this property is situated in a very desirable Ocean Park neighborhood of Santa Monica and provides ease of access to the beach as well as the 10 Freeway. Santa Monica is the perfect combination of thriving city life and a classic Californian beach town. With its incredible ocean views, world-class dining and shopping amenities, and rich cultural arts scene, this area is unlike any other. Infamous amenities such as the 3rd Street Promenade, Main Street, and the Santa Monica Pier, make this market one of the most desirable locations in the world. The Santa Monica Expo Line dubbed the "Subway to the Sea" was opened in 2016 which offers direct access to Downtown Los Angeles.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T00:28:59.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/92148903

    161 Ocean Park Santa Monica, CA 90405

    • Price: $3,500,000
    • Status: Active
    • Updated: 87 min ago
    • ID#: 19438144
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,352
    SQFT
    $1,044
    $/SQFT
    1950
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    We are pleased to present a six (6) unit multifamily property located at 161 Ocean Park Boulevard, in Santa Monica, California. The property is located on the hard corner of Neilson Way and Ocean Park Boulevard. Just one-half block away from the ocean, this property is situated in a very desirable Ocean Park neighborhood of Santa Monica and provides ease of access to the beach as well as the 10 Freeway. Santa Monica is the perfect combination of thriving city life and a classic Californian beach town. With its incredible ocean views, world-class dining and shopping amenities, and rich cultural arts scene, this area is unlike any other. Infamous amenities such as the 3rd Street Promenade, Main Street, and the Santa Monica Pier, make this market one of the most desirable locations in the world. The Santa Monica Expo Line dubbed the "Subway to the Sea" was opened in 2016 which offers direct access to Downtown Los Angeles.
    Exterior Features

    Lot Size Dimensions A0.11 Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 1.39 Gross Multiplier 33.37 Gross Operating Income 104892.00 Improvements Amount 326872 Land Value 704369 Laundry YN Yes Net Operating Income 48484.00 Special Listing Conditions Standard Total Expenses 56408.00 Zoning Smr2r*

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T00:28:59.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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