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2338 Ocean Park Blvd 21 Unit Apartment Building For Sale Santa Monica, CA 90405
INVESTMENT HIGHLIGHTS
- First Time on the Market in Over 35 Years
- Vacant 21-Key Motel with Parking
- Double Lot | Zoned R3 Development Site on Ocean Park Blvd
- Must Sell – Submit All Offers
EXECUTIVE SUMMARY
Built in 1947, 2338 Ocean Park Blvd features a 3,700 SF building situated on a 6,995 SF lot, complemented by a 6,981 SF dedicated parking area. The property delivers a desirable unit mix tailored to Santa Monica’s consistently supply-constrained rental market. With secure on-site parking and a well-maintained physical profile, the asset offers a strong operational baseline and clear avenues for strategic value-add improvements.
Positioned along the highly trafficked Ocean Park Blvd corridor, the building benefits from immediate access to Santa Monica’s top employment hubs, coastline amenities, major transit routes, and a thriving blend of neighborhood retail, dining, and lifestyle destinations.
This is a supply-constrained, coastal submarket known for its exceptionally low vacancy rates, high tenant retention, and strong long-term rent fundamentals—making opportunities like this extremely rare.
Positioned along the highly trafficked Ocean Park Blvd corridor, the building benefits from immediate access to Santa Monica’s top employment hubs, coastline amenities, major transit routes, and a thriving blend of neighborhood retail, dining, and lifestyle destinations.
This is a supply-constrained, coastal submarket known for its exceptionally low vacancy rates, high tenant retention, and strong long-term rent fundamentals—making opportunities like this extremely rare.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 21 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 5,541 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1947 |
| Zoning | SMR3* - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,541 SF |
| No. Stories | 1 |
| Year Built | 1947 |
| Zoning | SMR3* - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
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Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $309,731 CAD | |
| Land Assessment | $1,801,033 CAD | Total Assessment | $2,110,763 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,801,033 CAD
Improvements Assessment
$309,731 CAD
Total Assessment
$2,110,763 CAD
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2338 Ocean Park Blvd
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