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

1428 Ocean Park, Santa Monica, California 90405 home-pic-0
ACTIVE$1,299,000$1,486/sqft
1428 Ocean Park, Santa Monica, California 90405
0Bed
0Bath
1,486Sqft
7,004Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location: Located in highly desirable Santa Monica (90405), offering strong appreciation potential and access to premium amenities and lifestyle.
Top Cons:
Property Age & Potential for System Updates: Built in 1940, the property may require significant investment in updating older systems (e.g., plumbing, electrical, HVAC) to modern standards, despite some recent cosmetic renovations.

Compared to the nearby listings

Price:$1.30M vs avg $1.50M ($-200,500)50%
Size:1,486 sqft vs avg 2,258.5 sqft50%
Price/sqft:$874 vs avg $71850%

More Insights

Built in 1940 (86 years old).
Condition: While one unit features a newly remodeled bathroom, updated kitchen with stainless steel appliances, and new laminate flooring, the property was built in 1940. The listing description explicitly notes 'potential for system updates (e.g., plumbing, electrical, HVAC)' due to its age, indicating that major components are likely functional but outdated and may require significant investment beyond the cosmetic renovations. This prevents an overall 'Good' rating for the entire property.
Year Built
1940
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$874
HOA
-
Days on market
-
Sold On
-
MLS number
SB26005251
Home ConditionFair
Features
View-

About this home

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.

J
Jane Sager
Listing Agent
Condition Rating
Fair

While one unit features a newly remodeled bathroom, updated kitchen with stainless steel appliances, and new laminate flooring, the property was built in 1940. The listing description explicitly notes 'potential for system updates (e.g., plumbing, electrical, HVAC)' due to its age, indicating that major components are likely functional but outdated and may require significant investment beyond the cosmetic renovations. This prevents an overall 'Good' rating for the entire property.
Pros & Cons

Pros

Prime Coastal Location: Located in highly desirable Santa Monica (90405), offering strong appreciation potential and access to premium amenities and lifestyle.
Income-Generating Duplex with Vacant Unit: An exceptional duplex with one unit delivered vacant, providing immediate owner-user potential or rental income, and long-term investment stability.
Oversized Lot with Development Potential: Situated on a generous 7,004 sqft lot, offering significant land value and potential for future expansion, ADU addition, or redevelopment in a high-demand area.
Rare Legacy Offering: Available for the first time in approximately 60 years, representing a unique opportunity to acquire a well-maintained, character-rich property with generational ownership.
Valuable Amenities & Charming Features: Includes private garages for both units, laundry hookups in one, mature landscaping, and a recently remodeled bathroom in the vacant unit, enhancing tenant and owner appeal.

Cons

Property Age & Potential for System Updates: Built in 1940, the property may require significant investment in updating older systems (e.g., plumbing, electrical, HVAC) to modern standards, despite some recent cosmetic renovations.
Lack of Views: The property does not offer any significant views, which can be a disadvantage in a coastal market where ocean or city views often command a premium.
Partial Renovation: While one unit features a newly remodeled bathroom and flooring, the description does not specify comprehensive updates across both units or the entire property, suggesting potential for further renovation costs.
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