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$2,699,000

Beds
10
sq ft
5,262

649 Ocean Park Blvd, Santa Monica, CA 90405

649 Ocean Park Blvd

Santa Monica, CA 90405

  • 114 days on market
Discover an exceptional investment opportunity at 649 Ocean Park Boulevard, where a remarkable 7-unit apartment complex is waiting for you in the prime Ocean Park area of Santa Monica. This extraordinary property offers a mix of one and two-bedroom apartments, some of which feature breathtaking ocean views. Perched on a hilltop, this property offers an unparalleled living experience. Its ideal location places it just half a mile away from the beach, surrounded by a wide range of dining establishments, shops, and cafes along Ocean Park Boulevard. The rental rates reflect the exceptional value of Santa Monica, but this is your chance to seize a perfect investment opportunity. Don't miss the chance to make a smart move in the real estate markets. Schedule a showing today and secure your stake in this prime piece of real estate.

Details

Property type

Est. home value

$3,136,689

Lot size

8,083 sq ft

Price per sq ft

$513

Year built

1957

HOA

No

Price History

03/13/2024
CLAW

CLAW #24365407

Listed
$2,699,000
-5.3%
02/16/2024
CLAW

CLAW #23301229

Removed
$2,850,000
08/23/2023
CLAW

CLAW #23301229

Listed
$2,850,000
-10.32%

Schools & Community

Neighborhood: 

Ocean Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

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

California Lithuanian Cu

Loan start date

September 2021

Original loan amount

$1,589,000

Est. remaining balance

Not provided

Interest rate

2.8%

Loan type

Commercial, 30 year

Seller

Edward Simonian and The Simonian Trust

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: 07/05/2024 at 9:50 PM

Listing updated: 07/02/2024 at 1:03 PM

Listed by: Melissa Zee, Keller Williams Beverly Hills Phone #: (310) 432-6400

MLS: CLAW #24365407

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