2404 Ocean Park Boulevard, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 3 bath
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Santa Monica, California 90405
This Turnkey Beach Triplex represents a High-Potential Investment Opportunity, listed at $1,295,000—positioned well below the $1,495,181 Fair Market Value by 13%. This valuation gap provides $200,181 in Instant Equity. Featuring a Condition Rating of 2, the property offers modern renovations, private patios, and a communal lounge. Located in the Santa Monica-Malibu Unified district, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through immediate rental income in a prime coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2404 Ocean Park Boulevard Subject | $1,295,000* List Price | 2 | 3 | 1,122 | $1,333 | - |
A 2464 Ocean Park Boulevard Sold | $1,523,415 | 2 | 2 | 1,120 | $1,360 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1948, the property has undergone a comprehensive, high-quality renovation within the last 5 years. The kitchen features modern white shaker cabinetry, subway tile backsplashes, and stainless steel appliances. The interiors are in mint condition with updated recessed lighting, modern windows, and turnkey finishes throughout all three units.
With two vacant units and one income-producing residence, this triplex offers a rare opportunity for a buyer to live in one unit while significantly offsetting their mortgage with rental income.
Situated in the heart of Santa Monica's Ocean Park neighborhood, the property is walking distance to Grant Elementary, Clover Park, and trendy boutiques, ensuring high tenant demand and long-term appreciation.
The property has been beautifully renovated with modern finishes and includes private outdoor patios and a communal lounge area, providing a move-in-ready 'coastal compound' experience.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
With only 1,122 total square feet divided across three units, the individual living spaces are quite small, which may limit the tenant pool to individuals or couples seeking a minimalist lifestyle.
Located directly on Ocean Park Boulevard, the property is subject to significant street noise and traffic congestion, which may detract from the quiet beachside atmosphere some buyers expect.
This absolutely charming beach triplex is the kind of property that rarely comes along - stylish, beautifully renovated, and filled with opportunity. Featuring two vacant units, this special property offers the perfect blend of owner-user flexibility and investment potential in a coveted beachside location. The location is truly unbeatable. Situated in one of Santa Monica's most sought - after neighborhoods, you're just moments from Grant Elementary, Clover Park, and the vibrant Ocean Park corridor, home to some of the area's best restaurants, cafes, boutiques, and local favorites. The front residence is a beautifully remodeled one-bedroom retreat with a spacious private patio, while the renovated vacant studio offers its own fresh, modern appeal. Tucked away at the rear of the property, the third one-bedroom residence features a large private patio and provides immediate rental income. At the heart of the property is a private communal outdoor dining and lounge area, creating a relaxed, coastal compound vibe for all three residences to enjoy. With three side-by-side parking spaces included, this turnkey property presents an exceptional opportunity for an owner-user, investor, or anyone seeking the ultimate beach lifestyle with income potential. Considering that a comparable one-bedroom condo could easily cost around $675,000, why buy one unit when you can own three? Live in one, rent the others, and enjoy the best of both worlds. This is a truly rare and exciting opportunity not to be missed. **2402 Ocean Park (duplex) is also for sale for $1,395,000**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 3.0 | 3.5 |
| Square foot | 1,122 | 2,285.5 |
| Lot Size | 3,266 | 7,496 |
| Price | $1.29M | $3.70M |
| Price per sq ft | $1.2K | $1.7K |
| Built year | 1948 | 1936 |
| HOA | $0 | $0 |
| Days on market | 26 | 51 |
Jun 26, 2026
$1,295,000
Initial Listing
Aug 15, 2008
$727,000
Public Record
Oct 31, 1995
$162,000
Public Record