Log In/Sign Up
Your email has been sent.
2338 Ocean Park Blvd 19 Unit Apartment Building $5,181,908 CAD ($272,732 CAD/Unit) Santa Monica, CA 90405
Investment Highlights
- First Time on the Market in Over 35 Years
- Vacant 19-Key Motel with Parking
- Double Lot | Zoned R3 Development Site on Ocean Park Blvd
- Prime Santa Monica development site
Executive Summary
First time on market in 30-years. Built in 1947, 2338 Ocean Park Blvd consists of a ±3,700 SF structure situated on a combined ±13,976 SF site, comprised of two contiguous parcels—including a ±6,995 SF main lot and a separate ±6,981 SF dedicated parking lot. Located in the heart of Santa Monica, the property presents a compelling redevelopment opportunity zoned R3. The site is currently improved with a fully vacant 19-room motel, allowing a developer to pursue entitlements immediately without tenant relocation, buyouts, or operational delays. With the potential application of density bonus provisions, the site may support up to 23 residential units (buyer to verify). The property benefits from excellent visibility near a signalized intersection and strong traffic counts, enhancing its appeal for future development. PARCELS ARE NOT TIED AND MAY BE DEVELOPED SEPARATELY
Property Facts
| Price | $5,181,908 CAD | Building Class | C |
| Price Per Unit | $272,732 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 13,800 SF |
| No. Units | 19 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1947 |
| Apartment Style | Low-Rise | Parking Ratio | 2.1/1,000 SF |
| Zoning | SMR3* - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price | $5,181,908 CAD |
| Price Per Unit | $272,732 CAD |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 13,800 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | SMR3* - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Trash Pickup - Curbside
- Public Transportation
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4272-022-008 | Improvements Assessment | $306,488 CAD |
| Land Assessment | $739,065 CAD | Total Assessment | $1,045,553 CAD |
Property Taxes
Parcel Number
4272-022-008
Land Assessment
$739,065 CAD
Improvements Assessment
$306,488 CAD
Total Assessment
$1,045,553 CAD
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2338 Ocean Park Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.