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

1428 Ocean Park, Santa Monica, California 90405 home-pic-0

1428 Ocean Park

Santa Monica, California 90405

ACTIVE UNDER CONTRACT
CONDITION: GOOD
0Beds
0Baths
1,486Sq Ft
7,004Lot Size

Property Price

LIST PRICE$1,299,000

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

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot1,4862,258.5
50%
Lot Size7,0046,209.5
50%
Price$1.30M$1.50M
50%
Price per sq ft$874$718
50%
Built year19401930
50%
HOA$0$0
50%
Days on market53126
50%

Pricing History

Listed for Sale

Jan 12, 2026

$1,299,000

Initial Listing

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