Probate Sale. Court Confirmation Required. We are currently collecting reasonable offers to present to the court in order to secure a hearing date. Interested parties are encouraged to submit an offer or Letter of Intent. The Offering Memorandum is uploaded in the Supplements section. Well-located 9-unit apartment building situated on a desirable, clean street in Santa Monica surrounded by similar multifamily properties. The unit mix consists of one large three-bedroom, two-bath unit, one two-bedroom, one and a half-bath unit, and seven one-bedroom, one-bath units. The property features three garage spaces in the front and four parking stalls in the rear. Excellent proximity to transportation, shopping, and amenities. Approximately 13 blocks from the Santa Monica Pier and the ocean. Four units will be delivered vacant, providing strong upside potential. Offers subject to interior inspection. Ideal opportunity for value-add investors and 1031 exchange buyers.
Discover an exceptional investment opportunity at 649 Ocean Park Boulevard, where a remarkable 7-unit apartment complex is waiting for you in the prime Ocean Park area of Santa Monica. This extraordinary property offers a mix of one and two-bedroom apartments, some of which feature breathtaking ocean views. Perched on a hilltop, this property offers an unparalleled living experience. Its ideal location places it just half a mile away from the beach, surrounded by a wide range of dining establishments, shops, and cafes along Ocean Park Boulevard. The rental rates reflect the exceptional value of Santa Monica, but this is your chance to seize a perfect investment opportunity. Don't miss the chance to make a smart move in the real estate markets. Schedule a showing today and secure your stake in this prime piece of real estate.
Santa Monica is located in California. Santa Monica, California has a population of 92,828. Santa Monica is less family-centric than the surrounding county with 28.07% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Santa Monica, California is $99,847. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Santa Monica is 41.4 years.
The average high temperature in July is 73.5 degrees, with an average low temperature in January of 49.3 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.
