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802 Ozone St
Santa Monica, CA 90405
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Premier Santa Monica Location
- Strong In-Place Rental Income With 20% Upside
- Owner User Opportunity
- ±$3,590 Average Rent Per Unit
- 3 Bed / 2 Bath Units Can Be Delivered Vacant
- Attractive Unit Mix
Executive Summary
The Boyett Team is thrilled to offer an exclusive opportunity to acquire 802 Ozone Street, a thoughtfully designed 4-Unit apartment building exceptionally located within the Ocean Park submarket of Santa Monica.
The building offers a rare unit mix consisting of (1) Large 4-Bedroom 2.5-Bathroom unit, (1) 3-Bedroom 2-Bathroom unit, and (2) 1-Bedroom 1-Bathroom units. Not only does the opportunity provide a favorable unit mix, but it could also be delivered with the 3-Bedroom 2-Bathroom unit vacant or occupied depending on buyer’s preference!
Nestled west of Lincoln Boulevard and north of Rose Avenue, this prime location offers unparalleled access to Venice Beach, Penmar Golf Course, Abbot Kinney Blvd, and Main Street. Tenants of 802 Ozone Street will have no shortage of things to do, with vibrant nightlife, fine dining establishments, daily essentials, and an abundant amount of entertainment all within close proximity.
802 Ozone Street offers a unique opportunity to acquire a trophy asset in Santa Monica. The subject property’s ability to be delivered vacant opens the door for owner-occupied investors to easily execute the infamous “house-hacking” strategy and also offers traditional investors an opportunity to acquire a high cash-flowing well-located asset poised for strong long-term appreciation.
The building offers a rare unit mix consisting of (1) Large 4-Bedroom 2.5-Bathroom unit, (1) 3-Bedroom 2-Bathroom unit, and (2) 1-Bedroom 1-Bathroom units. Not only does the opportunity provide a favorable unit mix, but it could also be delivered with the 3-Bedroom 2-Bathroom unit vacant or occupied depending on buyer’s preference!
Nestled west of Lincoln Boulevard and north of Rose Avenue, this prime location offers unparalleled access to Venice Beach, Penmar Golf Course, Abbot Kinney Blvd, and Main Street. Tenants of 802 Ozone Street will have no shortage of things to do, with vibrant nightlife, fine dining establishments, daily essentials, and an abundant amount of entertainment all within close proximity.
802 Ozone Street offers a unique opportunity to acquire a trophy asset in Santa Monica. The subject property’s ability to be delivered vacant opens the door for owner-occupied investors to easily execute the infamous “house-hacking” strategy and also offers traditional investors an opportunity to acquire a high cash-flowing well-located asset poised for strong long-term appreciation.
Property Facts
| Price Per Unit | $757,967 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5% | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 12.84 | Building Size | 3,299 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 2.73/1,000 SF |
| Zoning | SMOP1 | ||
| Price Per Unit | $757,967 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.84 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 3,299 SF |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 2.73/1,000 SF |
| Zoning | SMOP1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 3+2 | 1 | - | - |
| 4+2.5 | 1 | - | - |
Property Taxes
| Parcel Number | 4287-032-032 | Improvements Assessment | $876,443 CAD |
| Land Assessment | $2,048,125 CAD | Total Assessment | $2,924,568 CAD |
Property Taxes
Parcel Number
4287-032-032
Land Assessment
$2,048,125 CAD
Improvements Assessment
$876,443 CAD
Total Assessment
$2,924,568 CAD
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