$2,100,000
$2,249,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
3,996 SqFt
SOLD DATE : 07/03/2024
Key Details
Sold Price $2,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,996 sqft
Price per Sqft $525
MLS Listing ID 24-362531
Sold Date 07/03/24
Style Mid-Century
Bedrooms 8
Year Built 1963
Lot Size 6,005 Sqft
Acres 0.1379
Property Description
THE MOST DESIRABLE UNIT WILL NOW BE DELIVERED VACANT. PERFECT OPPORTUNITY FOR AN OWNER-USER. Welcome to 2408 5th Street, a captivating four-unit multi-family property nestled in the heart of the vibrant Ocean Park neighborhood of Santa Monica. This exceptional offering presents a rare opportunity to embrace the quintessential beach lifestyle while enjoying the benefits of a smart investment. Spanning an impressive 3,996 square feet, this property is comprised of a pair of two-level 2 bed/1.5 bath units and two one-level 2 bed/1 bath units, each featuring inviting living spaces that promise comfort and functionality. The freshly updated exterior adds to the allure of this residence, ensuring it stands out as a beacon of modern living in a sought-after locale. Investors will find significant value in the upside potential for rents, alongside the exciting possibility of adding an Accessory Dwelling Unit (ADU) to maximize living space or rental income. With five dedicated parking spaces, residents and guests alike will appreciate the convenience and ease of access this property provides. Situated just one block from Hotchkiss Park, four blocks from Main Street and a leisurely stroll to the sand, residents can indulge in local attractions or enjoy the serene beauty of nearby beaches. The Ocean Park neighborhood is not only celebrated for its scenic vistas but also for its vibrant community and rich cultural offerings. Whether you're looking to expand your real estate portfolio or seeking a multi-family residence that epitomizes coastal living at its finest, 2408 5th Street awaits your discovery.
Location
State CA
County Los Angeles
Area Santa Monica
Zoning SMOP2*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Gas Or Electric Dryer Hookup, Hood Fan, Range/Oven, Garbage Disposal, Stackable W/D Hookup
Exterior
Garage Driveway
Garage Spaces 5.0
View Y/N No
View None
Building
Story 2
Architectural Style Mid-Century
Level or Stories Two
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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