1428 Ocean Park, Santa Monica, California 90405, Santa Monica, 90405 - bed, bath

1428 Ocean Park
Santa Monica, California 90405
Property Price
SUMMARY
Analysis of 1428 Ocean Park, Santa Monica, California 90405 is currently available with a list price of $1,299,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained. The vacant unit features a newly remodeled bathroom with modern tiling, updated kitchen appliances, fresh interior paint, and well-preserved flooring. While the building dates to 1940, the recent interior updates and functional systems align with the 'good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Santa Monica Location
Situated in the highly desirable 90405 zip code, this property offers exceptional long-term investment stability and high demand from premium tenants.
- Development Potential
The oversized 7,004 square foot lot provides significant upside for expansion, potential ADU addition, or future redevelopment in a high-value area.
- Immediate Occupancy/Upside
One unit is delivered vacant, allowing an owner-user to move in immediately or an investor to set market-rate rent without tenant relocation issues.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Given the 1940 construction and long-term ownership, the property likely requires significant capital improvements to aging systems like plumbing, electrical, and roofing.
- Compact Living Space
The 2-bedroom unit's footprint of approximately 843 square feet may be considered small by modern standards, potentially limiting its appeal to larger households.
- Regulatory Constraints
As a multi-unit property in Santa Monica, it is subject to strict local rent control ordinances, which can limit the ability to maximize income on the occupied unit.
About 1428 Ocean Park
Offered for the first time in approximately 60 years, this exceptional duplex presents a rare opportunity to acquire a true legacy property held by the same family for generations. Situated on an oversized lot, the property combines long-term investment stability with immediate upside and enduring charm. One unit is delivered vacant and is a 2-bedroom, 1-bath residence encompassing approximately 843 square feet. It features hardwood-style laminate flooring, a newly remodeled bathroom with tub, and a charming dining nook accented by a curved window, creating a bright and inviting living space that is highly appealing to both owner-users and tenants. The property is enhanced by mature landscaping, including a producing orange tree and a stately magnolia tree, offering a private, garden-like setting rarely found in income properties. One unit includes its own laundry hook ups, and both have private garages, amenities that are increasingly scarce and highly valued in comparable multifamily offerings. A standout opportunity for investors or owner-users seeking a character-rich, well-maintained asset with upside potential in a prime location.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1940
- Lot Size
- 7,004 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,486 | 2,258.5 | 50% |
| Lot Size | 7,004 | 6,209.5 | 50% |
| Price | $1.30M | $1.50M | 50% |
| Price per sq ft | $874 | $718 | 50% |
| Built year | 1940 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 126 | 50% |
Pricing History
Listed for Sale
Jan 12, 2026
$1,299,000
Initial Listing























