2302 Oak Street, Santa Monica, CA 90405
List Price: $3.68M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1965
Lot Size: 8,287 sq ft
Garage Spaces: 7
Private Pool: Yes
MLS Number: OC26147045
About This Property
Beautifully located in a prime Santa Monica area, this seven-unit multifamily property is just minutes from Santa Monica Business Park, major employers, and Santa Monica College. The property is also well-positioned to benefit from the Santa Monica Airport Conversion Project, which will close the airport by 2028 and transform the area into parks, open space, and community amenities—supporting long-term neighborhood desirability and value growth. Built in 1965, the property offers approximately 9,109 SF of living area on an 8,287 SF lot, with a strong unit mix of three 2-bed/2-bath units, three 3-bed/2-bath units, and one 4-bed/3-bath townhouse-style front unit. The building is separately metered for gas and electricity, includes on-site laundry, five units with in-unit laundry, and seven parking spaces, including four gated stalls. Two units have been recently upgraded with new flooring, renovated kitchens, updated bathrooms, modern lighting, and in-unit laundry. With current rents below market, a new owner has meaningful upside through natural turnover and renovation of the remaining units. This offering provides immediate income, strong rent growth potential, and long-term appreciation in one of the Westside’s most desirable rental markets.
Listing provided by: Andy Dehu DRE #02131775 626-587-4866 andy@degreehomes.com, Wetrust Realty
Source: CRMLS, MLS #: OC26147045
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.