1114 Ozone Ave Santa Monica, CA 90405
Pending
$1,650,000
3%
2 Units
4 Beds
2 Baths
1,540 Area(sq.ft.)
5,371 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 5,995 | n/a | $ 5,995 |
| Unit 2 | 2 | 2 | 1 | No | $ 3,995 | n/a | $ 3,995 |
| 2 | 3 | 6 | 3 | $ 13,985 | $ 0 | $ 13,985 |
| MLS #: | 24-443839 |
| Days On Market: | 50 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,071 |
| Price per unit: | $ 825,000 |
| Year Built: | 1942 |
Property Details
Price Reduction! Lowest-priced vacant property in Santa Monica 90405! 2 Detached Houses at 1,540 SF on a large ~5,400 SF lot on one of the best streets in Sunset Park. Amazing opportunity for owner-users and investors to Fix & Save with the renovated duplexes in the area selling for ~2.5M! Or you can do a new construction ground-up project/major addition and resale it for ~4M. Nestled mid-block on a tranquil, tree-lined cul-de-sac you will find a property that is currently configured as a duplex with a front house gutted and ready for renovation and the back house in original condition, combined the two structures are 1,540 square feet of interior living space situated on a ~5,400 square-foot lot. Surrounded by beautifully updated homes, this property presents a unique opportunity to create your ideal living environment in one of Santa Monica's most desirable and up-and-coming neighborhoods. Located east of Lincoln Boulevard, you'll have easy access to vibrant dining and shopping, including Whole Foods and local favorites like Cafe Gratitude and the new Tartine bakery. Enjoy the sports fields and playgrounds at nearby Marine Park or attend outdoor social events at Penmar Golf Course, all while being less than a mile from the beach, Abbot Kinney, and dynamic Rose Avenue. Whether you choose to restore, rebuild, or reimagine, the potential here for a coastal oasis is substantial.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 116,284 |
| Total Annual Expense: | $ 31,611 |
| Net Operating Income: | $ 84,672 |
| Gross Annual Income: | $ 116,284 |
| Cap Rate: | 5% |
| Gross Rent Multiplier: | 14.14 |
| Actual Gross Rent: | $ 119,880 |
| Actual Gross Income: | $ 116,284 |
| Actual Rent Total: | $ 119,880 |
Structure
| Type of Units: | 2 |
| Buildings: | 1 |
| Levels: | One |
| Security Features: | None |
| Style: | Ranch |
| Sewer: | In Street |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | SMR1* |
| Parking Garage: | Driveway |
Interior
| Cooking Appliances: | None |
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | None |
| Fireplace Rooms: | Dining |
| Interior Features: | None |
| Laundry: | None |
| Patio Features: | None |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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