2224 Oak Street

    Santa Monica, CA 90405
    • $1,850,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: 18343316
    UPDATED: 39 min ago
    $1,850,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,892
      SQFT
    • $640
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1937
    County:

    School Ratings & Info

    Description

    The Oak Street Bungalows offers investors an opportunity to own a well-located property in Santa Monica on a OVER SIZED CORNER LOT with almost 44% upside potential in rents. The property is located on a large corner lot of ++G++G+-8,273 SF and features unique bungalow style units. Units have hardwood or tiled floors, individual washer/dryers, private patios & garages. Priced at only $370,000/unit. This property has the ability to obtain RESIDENTIAL FINANCING. Call Broker for further details.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-17T20:33:16.28. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84083875

    2224 Oak Street Santa Monica, CA 90405

    • Price: $1,850,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 18343316
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,892
    SQFT
    $640
    $/SQFT
    1937
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    The Oak Street Bungalows offers investors an opportunity to own a well-located property in Santa Monica on a OVER SIZED CORNER LOT with almost 44% upside potential in rents. The property is located on a large corner lot of ++G++G+-8,273 SF and features unique bungalow style units. Units have hardwood or tiled floors, individual washer/dryers, private patios & garages. Priced at only $370,000/unit. This property has the ability to obtain RESIDENTIAL FINANCING. Call Broker for further details.
    Exterior Features

    Construction Materials Stucco Garage Spaces 2.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportGarage Parking Total 2.00 Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Flooring Wood Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 3.50 Electric Expense 750.00 Fuel Expense 500.00 Garage Rental Rate 500.00 Gross Multiplier 18.20 Gross Operating Income 101436.00 Insurance Expense 1500.00 Laundry YN Yes Licenses Expense 1000.00 Maintenance Expense 2500.00 Net Operating Income 65585.00 Pest Control Expense 600.00 Professional Management Expense 3940.00 Special Listing Conditions Standard Total Expenses 35851.00 Trash Expense 700.00 Water Sewer Expense 750.00 Zoning Smr2*

    Listing provided courtesy of Kimberly Roberts Stepp of Kwsm.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-17T20:33:16.28. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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