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1107 Ocean Park Boulevard, Santa Monica, California 90405, Santa Monica, 90405 - bed, bath

1107 Ocean Park Boulevard, Santa Monica, California 90405 home-pic-0
ACTIVE$2,400,000
1107 Ocean Park Boulevard, Santa Monica, California 90405
0Bed
0Bath
3,464Sqft
7,261Lot
Year Built
1944
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$693
HOA
-
Days on market
-
Sold On
-
MLS number
SR24252005
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.40M(50th), sqft - 3464(50th), beds - undefined(50th), baths - undefined(50th).

Incredible opportunity to own this fantastic 4-plex in the heart of Santa Monica just 12 blocks from the beach. Centrally located near shops, hotels & restaurants, the popular Venice Beach area and the Santa Monica Pier, freeways & mass transportation. This classic 1940's 4-plex with all 2 bedroom 1 bath units has been thoughtfully remodeled with all new dual pane window, some units with remodeled kitchens & baths & repainted inside & out with hardwood & Pergo floors, spacious kitchens, center hallway and the front unit with a large private outdoor garden with lawn and barbecue area. Great upside potential and the perfect opportunity to sit back and collect the rents.

Price History

Date
Event
Price
09/10/18
Sold
$2,150,000
08/23/13
Sold
$1,590,000
Condition Rating
Fair
Built in 1944, this property has undergone thoughtful remodeling, including new dual-pane windows, fresh paint, and hardwood/Pergo floors. However, the description explicitly states 'some units with remodeled kitchens & baths,' indicating inconsistent modernization across the four units. While updated elements are present, the overall age of the building and the lack of uniform renovation suggest that some components, particularly in non-remodeled units or underlying systems, may be outdated or show significant wear, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Coastal Location: Situated in the heart of Santa Monica, just 12 blocks from the beach, and centrally located near shops, restaurants, Venice Beach, Santa Monica Pier, freeways, and mass transportation, offering high desirability for tenants.
Strong Income-Generating Asset: A fantastic 4-plex (quadruplex) offering a clear opportunity for passive income and a solid investment in a high-demand rental market.
Significant Recent Upgrades: The property has been thoughtfully remodeled with new dual-pane windows, fresh interior and exterior paint, and updated hardwood and Pergo floors, reducing immediate capital expenditure for a new owner.
Upside Potential: The description explicitly highlights 'Great upside potential,' suggesting opportunities for rent increases or further value appreciation in a robust market.
Desirable Unit Features & Outdoor Space: Units feature spacious kitchens and a center hallway, with the front unit boasting a large private outdoor garden with a lawn and barbecue area, enhancing tenant appeal and retention.

Cons

Age of Building: Built in 1944, the property's age, despite renovations, may imply potential for unforeseen maintenance issues with older underlying infrastructure not explicitly mentioned as updated.
Inconsistent Unit Modernization: The description notes 'some units with remodeled kitchens & baths,' indicating that not all units have received the same level of renovation, which may require future investment to standardize and maximize rental income across all four units.
Lack of Premium Views: The property is listed with 'view:None,' which could be a missed opportunity for higher rental premiums in a desirable coastal market where ocean or city views are often highly sought after.

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