2402 Ocean Park Blvd 1, Santa Monica, California 90405, Santa Monica, 90405 - 5 bed, 4 bath

2402 Ocean Park Blvd 1, Santa Monica, California 90405 home-pic-0
ACTIVE$1,895,000
2402 Ocean Park Blvd 1, Santa Monica, California 90405
5Beds
4Baths
1,940Sqft
3,397.68Lot
Year Built
1957
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
$977
HOA
-
Days on market
-
Sold On
-
MLS number
SB25219953
Home ConditionExcellent
Features
Patio
View

About this home

We found 3 Cons,5 Pros. Rank: price - $1.90M(24th), sqft - 1940(57th), beds - 5(83th), baths - 4(69th).

**INCOME PRODUCING DUPLEX WITH A VACANT UNIT ON CLOSE OF ESCROW****Seller is offering a rate buy down on this mid-century to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,500! This property and rate will not last!** The building offers 1,940 sq. ft. of living space across two spacious remodeled units: a fully vacant 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Both units feature remodeled kitchens and bathrooms, stainless steel appliances, central AC, recessed lighting, in-unit and onsite laundry, and updated dual-pane windows. Recent improvements include copper plumbing, new water heaters, updated electrical, and drain line upgrades, making this a low-maintenance, move-in-ready property. Furthermore, a buyer can build 2 additional units and generate up to a 8.68% cap rate! With an unbeatable walk score, this is located just steps from Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and some of the best cafes and restaurants in Santa Monica! A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.

Price History

Date
Event
Price
09/17/25
Listing
$1,895,000
Condition Rating
Excellent

Despite being built in 1957, this duplex has undergone extensive and recent renovations. The description explicitly states 'remodeled kitchens and bathrooms,' 'stainless steel appliances,' 'central AC,' 'recessed lighting,' 'updated dual-pane windows,' 'copper plumbing, new water heaters, updated electrical, and drain line upgrades.' The images confirm modern, clean kitchens with stainless steel appliances and contemporary dark cabinetry, along with updated bathrooms featuring glass-enclosed showers and modern vanities. Hardwood flooring throughout the living areas and bedrooms, combined with the comprehensive system upgrades, indicates that the property is virtually new in terms of functionality and aesthetics, meeting current quality standards with no deferred maintenance. It is truly move-in ready and low-maintenance.
Pros & Cons

Pros

Income Producing & Vacancy: The property is an income-producing duplex with one unit (3-bed, 2-bath) vacant on close of escrow, offering immediate rental income potential or owner-occupancy flexibility.
Financial Incentive: The seller is offering a significant rate buy-down to 5.625% for qualified buyers, substantially lowering monthly mortgage payments by nearly $1,500.
Extensive Modern Upgrades: Both units feature recently remodeled kitchens and bathrooms, stainless steel appliances, central AC, recessed lighting, in-unit/onsite laundry, and updated dual-pane windows, making them move-in ready.
Infrastructure Improvements: Recent major upgrades include copper plumbing, new water heaters, updated electrical, and drain line improvements, ensuring low maintenance and reduced future capital expenditures.
Development Potential & Location: Opportunity to build 2 additional units, potentially yielding an 8.68% cap rate, combined with an unbeatable walk score near essential amenities, schools, and popular Santa Monica spots.

Cons

Age of Original Structure: Despite extensive remodels, the property was originally built in 1957, which may present challenges related to the older core structure or layout not addressed by cosmetic updates.
Limited Outdoor Space: The lot size of 3,397 sq ft for a duplex in Santa Monica offers relatively limited private outdoor space, which could be a drawback for some buyers seeking larger yards or recreational areas.
Unspecified Parking: The property description does not explicitly detail dedicated parking arrangements for both units, which can be a significant concern and potential inconvenience in a dense urban environment like Santa Monica.

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