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2302 Oak Street

Santa Monica, CA 90405
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Bed 0

Bed

Bath 0

Bath

SqFt9,109

Sqft

SqFt8,287

Sqft(Lot)

Beautifully located in a prime Santa Monica area, this seven-unit multifamily property is just minutes from Santa Monica Business Park, major employers, and Santa Monica College. The property is also well-positioned to benefit from the Santa Monica Airport Conversion Project, which will close the airport by 2028 and transform the area into parks, open space, and community amenities—supporting long-term neighborhood desirability and value growth. Built in 1965, the property offers approximately 9,109 SF of living area on an 8,287 SF lot, with a strong unit mix of three 2-bed/2-bath units, three 3-bed/2-bath units, and one 4-bed/3-bath townhouse-style front unit. The building is separately metered for gas and electricity, includes on-site laundry, five units with in-unit laundry, and seve n parking spaces, including four gated stalls. Two units have been recently upgraded with new flooring, renovated kitchens, updated bathrooms, modern lighting, and in-unit laundry. With current rents below market, a new owner has meaningful upside through natural turnover and renovation of the remaining units. This offering provides immediate income, strong rent growth potential, and long-term appreciation in one of the Westside’s most desirable rental markets.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,680,000

AD Id : 87704571

MLS Id : OC26147045

Lot Size : 8,287 Sqft

Living Area Size : 9,109

Year Built : 1965

Garage : 7

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1965
    Building Area Total: 9109
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 8287 Lot Size Acres: 0.1902 Lot Size Source: Assessor Lot Size Square Feet: 8,287 Lot Description: 6-10 Units/Acre

  • Listing Price Information

    Listing Price: $3680000
    Cash to New Loan, Conventional, 1031 Exchange, FHA

  • Tax Information

    Parcel Number: 4272021001 Tax Lot: 20

  • Parking Information

    Parking Total: 7

    Garage Information

    Has Garage: Yes Garage Space: 7

  • Location Information

    Direction: 23rd St and Oak St intersection WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2521 33rd Street, Santa Monica, CA, 90405 $2,495,000 2 1 1,571 1,571 SqFt
2519 31st Street, Santa Monica, CA, 90405 $1,995,000 3 3 1,812 1,812 SqFt
2312 32nd Street, Santa Monica, CA, 90405 $2,099,000 3 2 1,361 1,361 SqFt
2302 32nd Street, Santa Monica, CA, 90405 $2,075,000 6 -- 3,492 3,492 SqFt
2711 Pico Boulevard, Santa Monica, CA, 90405 $5,990,000 18 -- 9,926 9,926 SqFt
2404 Ocean Park Boulevard, Santa Monica, CA, 90405 $1,295,000 2 -- 1,122 1,122 SqFt
2404 Ocean Park Boulevard, Santa Monica, CA, 90405 $1,295,000 2 3 1,122 1,122 SqFt
2402 Ocean Park Boulevard, Santa Monica, CA, 90405 $1,395,000 5 -- 1,940 1,940 SqFt
2402 Ocean Park Boulevard, Santa Monica, CA, 90405 $1,395,000 5 4 1,940 1,940 SqFt
2222 Pier Avenue, Santa Monica, CA, 90405 $3,125,000 5 3 2,814 2,814 SqFt

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ByOwner last updated this listing 07/26/2026 @ 17:09

MLS: OC26147045 LISTED BY: Andy Dehu, Wetrust Realty 626-587-4866 SOURCE: CRMLS

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