1502 Ocean Park, Santa Monica, California 90405, Santa Monica, 90405 - bed, bath

1502 Ocean Park
Santa Monica, California 90405
Property Price
SUMMARY
Analysis of 1502 Ocean Park, Santa Monica, California 90405 is currently available with a list price of $1,599,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
This 1940s triplex is well-maintained but reflects its age. While one unit has been fully remodeled with modern laminate flooring and recessed lighting, the property as a whole retains older systems like wall heaters and shows signs of being aged. It is functional and shows pride of ownership, but most components are likely past their primary lifespan.
PROSSTRENGTHS & OPPORTUNITIES
CONSRISKS & DEFICIENCIES
About 1502 Ocean Park
A truly rare offering, this trophy triplex has been owned by the same family for approximately 60 years and reflects long-term pride of ownership. Properties of this caliber, stability, and provenance seldom come to market, making this an exceptional opportunity for the discerning investor seeking a generational asset. The property features a well-balanced unit mix consisting of a one-bedroom, one-bath unit of approximately 680 square feet, a two-bedroom, one-bath unit of approximately 823 square feet, and a second one-bedroom, one-bath unit of approximately 715 square feet. One of the one-bedroom units has been completely remodeled and includes its own private patio, adding meaningful lifestyle appeal and enhanced rental value. Each unit is equipped with its own private garage and individual laundry, amenities that are increasingly rare and highly desirable in today’s multifamily market. Set on a generously sized lot, the property offers strong in-place income with long-term appreciation potential in a supply-constrained location. A compelling opportunity to acquire a thoughtfully maintained, legacy investment with enduring appeal.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1940
- Lot Size
- 7,002 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 | 2,222 | 2,626.5 | 50% |
| Lot Size | 7,002 | 6,208.5 | 50% |
| Price | $1.60M | $1.65M | 50% |
| Price per sq ft | $720 | $640 | 50% |
| Built year | 1940 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 126 | 50% |
Pricing History
Listed for Sale
Jan 12, 2026
$1,599,000
Initial Listing












