2458 Oak St 4 Unit Apartment Building $2,392,145 CAD ($598,036 CAD/Unit) 4.60% Cap Rate Santa Monica, CA 90405

2458 Oak Street, situated in the heart of Ocean Park, represents a rare opportunity to acquire a four-unit coastal asset with both immediate income potential and compelling long-term upside. The property features one unit delivered vacant, providing a clear path to achieving market rents or accommodating an owner-user, all on an expansive 7,048-square-foot lot. Constructed in 1949 and totaling 2,976 square feet, the asset combines classic architectural character with significant repositioning potential. Supported by strong in-place tenancy and meaningful rental upside, the property is well-positioned for investors seeking durable cash flow and appreciation in one of Los Angeles’ most
coveted coastal submarkets. Ideally located just steps from Main Street and the Pacific Ocean, 2458 Oak Street benefits from consistently high tenant demand driven by walkability, lifestyle amenities, and proximity to employment hubs. This irreplaceable location underpins its appeal as both a long-term hold and a strategic value-add Investment. Further enhancing the investment thesis is the planned closure and redevelopment of the nearby Santa Monica Airport. The anticipated transformation of this 227-acre site into expansive open space, recreational amenities, and community-serving uses is expected to significantly elevate the surrounding neighborhood, reduce noise
impacts, and drive continued demand and property value appreciation throughout Ocean Park.