2402 Ocean Park Blvd, Santa Monica, California 90405, Santa Monica, 90405 - 5 bed, 4 bath

2402 Ocean Park Blvd, Santa Monica, California 90405 home-pic-0
ACTIVE$1,895,000
2402 Ocean Park Blvd, Santa Monica, California 90405
5Beds
4Baths
1,940Sqft
3,401Lot

Price Vs. Estimate

The estimated value ($1,877,540) is $17,460 (0%) lower than the list price ($1,895,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Unbeatable walk score, steps from Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and top cafes/restaurants in Santa Monica.
Top Cons:
Lot Size: The lot size is relatively small, which might limit outdoor space or expansion possibilities beyond the approved additional units.

Compared to the nearby listings

Price:$1.90M vs avg $2.51M ($-612,500)24%
Size:1,940 sqft vs avg 1,657 sqft57%
Price/sqft:$977 vs avg $1.3K10%

More Insights

Built in 1957 (68 years old).
Condition: The property, built in 1957, has been remodeled with updated kitchens and bathrooms, stainless steel appliances, and updated systems like plumbing and electrical. The images show modern finishes and well-maintained spaces. While not brand new, the renovations bring it to a good condition, move-in ready state.
Year Built
1957
Close
-
List price
$1.9M
Original List price
$1.93M
Price/Sqft
$977
HOA
-
Days on market
-
Sold On
-
MLS number
SB25119943
Home ConditionGood
Features
View-

About this home

**Seller is offering a rate buydown to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,500! This property and rate will not last!** The building offers 1,940 sq. ft. of living space across two spacious remodeled units: a fully vacant 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Both units feature remodeled kitchens and bathrooms, stainless steel appliances, central AC, recessed lighting, in-unit and onsite laundry, and updated dual-pane windows. Recent improvements include copper plumbing, new water heaters, updated electrical, and drain line upgrades, making this a low-maintenance, move-in-ready property. Furthermore, a buyer can build 2 additional units and generate up to a 6.91% cap rate! With an unbeatable walk score, this location is just steps from Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and some of the best cafes and restaurants in Santa Monica. A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.

Condition Rating
Good

The property, built in 1957, has been remodeled with updated kitchens and bathrooms, stainless steel appliances, and updated systems like plumbing and electrical. The images show modern finishes and well-maintained spaces. While not brand new, the renovations bring it to a good condition, move-in ready state.
Pros & Cons

Pros

Prime Location: Unbeatable walk score, steps from Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and top cafes/restaurants in Santa Monica.
Remodeled Units: Both units are remodeled with updated kitchens and bathrooms, stainless steel appliances, recessed lighting, and dual-pane windows.
Income Potential: Duplex with a vacant 3-bedroom unit and a 2-bedroom unit, offering immediate rental income potential. Opportunity to build 2 additional units for increased revenue.
Updated Systems: Recent improvements include copper plumbing, new water heaters, updated electrical, and drain line upgrades, reducing maintenance costs.
Desirable Amenities: Features central AC, in-unit and onsite laundry, enhancing tenant appeal.

Cons

Lot Size: The lot size is relatively small, which might limit outdoor space or expansion possibilities beyond the approved additional units.
List Price: The list price is relatively high, which may limit the pool of potential buyers.
Year Built: Built in 1957, the property may have older construction elements that could require future upgrades or maintenance despite recent renovations.

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