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$2,970,000

Beds
6
sq ft
3,569

2450 Oak St, Santa Monica, CA 90405

2450 Oak St

Santa Monica, CA 90405

  • 75 days on market
    • Price drop $10,000↓
$2,000,000 ASSUMABLE LOAN. 4% interest only until 2029 for qualified buyer (private 3rd party lender) . Two blocks from Snapchat. Very well maintained building with character. 6 charming, one bedroom units located on quiet tree-lined street in Sunset Park. Backs to single family residential. All units have patios. Front unit has patio with fireplace. Certain units have been nicely upgraded with stone counters, stainless appliances and some, if not all, with in-unit laundry. Garage income of approximately $1,150/month from offsite renters (included in gross rent subject to verification). 5 total one car garages for possible future ADU conversion. Very close proximity to trendy eateries and other shops and amenities on Ocean Park Blvd. Just down the street from beautiful Clover Park! Inside with accepted offer. Income and expenses are approximate. Income and expense will be provided to the buyer through management company. Unit 3 can be delivered vacant or tenant will remain at $2,750/ month.

Details

Property type

Lot size

7,013 sq ft

Price per sq ft

$833

Year built

1948

HOA

No

Price History

06/14/2024
CLAW

CLAW #24379235

Price change
$2,970,000
-0.34%
05/24/2024
CLAW

CLAW #24379235

Price change
$2,980,000
-0.5%
04/18/2024
CLAW

CLAW #24379235

Listed
$2,995,000
-1.35%

Schools & Community

Neighborhood: 

Sunset Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Zambas Family Trust

Loan start date

September 2021

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Assumption

Seller

Selba Oak St Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/03/2024 at 10:35 AM

Listing updated: 06/14/2024 at 10:23 AM

Listed by: David Putnam, Berkshire Hathaway HomeServices California Properties Phone #: (310) 207-7080

MLS: CLAW #24379235

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