Apartment Building with Gated
2410 OCEAN PARK BLVD Santa Monica, CA 90405
For Sale
Contact for pricing
Built in 1975, the 7-unit building offers a mix of one- and two-bedroom layouts plus gated parking and on-site laundry.
Property Size6,324 SF
Price / SF$324.16
Days on Market60
Property Features for 2410 OCEAN PARK BLVD
General Information
- Standard status
- Active
- Size
- 6,324 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing Agency:
Taksa Investment Group
(213) 817-1000
Listed By:
Jonathan Taksa · License ## 01366169
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 24 at 1:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Taksa Investment Group
Investment Insights
Based on property information with market context.
Built in 1975, this 7-unit apartment building features a unit mix designed for a range of household types: four one-bedroom, one-bath units; two two-bedroom, two-bath units; and one distinctive two-story two-bedroom, two-and-a-half-bath unit. The property also includes nicely landscaped grounds, gated on-site parking, and an on-site laundry facility.
Located at 2410 Ocean Park Blvd in Santa Monica, CA 90405, the property is positioned in the Sunset Park area. The remarks note convenient access to Main Street’s retail and dining corridor and to Santa Monica Beach, along with proximity to Westside hubs including Venice and Mar Vista, and nearby Santa Monica High School.
The diverse apartment mix can support tenant demand across singles and families, while the on-site laundry and gated parking are practical amenities for everyday resident needs. Offered for sale as part of a rare six-property portfolio, the asset presents an opportunity for an owner to acquire a low-density multifamily in a coastal market with an established, long-held character.
Located at 2410 Ocean Park Blvd in Santa Monica, CA 90405, the property is positioned in the Sunset Park area. The remarks note convenient access to Main Street’s retail and dining corridor and to Santa Monica Beach, along with proximity to Westside hubs including Venice and Mar Vista, and nearby Santa Monica High School.
The diverse apartment mix can support tenant demand across singles and families, while the on-site laundry and gated parking are practical amenities for everyday resident needs. Offered for sale as part of a rare six-property portfolio, the asset presents an opportunity for an owner to acquire a low-density multifamily in a coastal market with an established, long-held character.
Key Highlights
- Built in 1975, this 7‑unit multifamily property includes a mix of 1‑bedroom/1‑bath and 2‑bedroom/2‑bath layouts
- Unit mix: 4 one‑bedroom/one‑bath units, 2 two‑bedroom/two‑bath units, and 1 unique two‑story two‑bedroom/two‑and‑a‑half‑bath unit
- Gated on‑site parking for residents, plus an on‑site laundry facility
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.1k | $31.80 |
| − Vacancy | −$16.1k | −$2.54 |
| EGI | $185.0k | $29.26 |
| − OpEx | −$83.3k | −$13.17 |
| NOI | $101.8k | $16.09 |
6,324 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.70M
NOI $101,758 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,009 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Built in 1975, the 7-unit building offers a mix of one- and two-bedroom layouts plus gated parking and on-site laundry.
Where is this apartment building located?
The property is located at 2410 OCEAN PARK BLVD Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Built in 1975, this 7‑unit multifamily property includes a mix of 1‑bedroom/1‑bath and 2‑bedroom/2‑bath layouts; Unit mix: 4 one‑bedroom/one‑bath units, 2 two‑bedroom/two‑bath units, and 1 unique two‑story two‑bedroom/two‑and‑a‑half‑bath unit; Gated on‑site parking for residents, plus an on‑site laundry facility
