6 Units | Santa Monica | Near Turn-Key Property
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The LAAA Team and The Liberow Group of Marcus & Millichap are proud to announce the successful sale of this 6-unit apartment building in the heart of Santa Monica, California.
Property Description
2224 Oak Street, located near the corner of Ocean Park Blvd & 23rd Street, is a 6-unit apartment building that sits on an 8,273 sqft lot. Built-in 1937 and extensively renovated in 2021, this 3,590 sqft property is comprised of four buildings, three of which contain individual bungalow-style units. The property is comprised of two (2) studios and four (4) 1 Bed / 1 Bath units, all of which have private yards or balconies. This former 4-unit building has recently been upgraded to a fully permitted 6-unit building with half of the units being extensively renovated.
Deal Story
We began our marketing process on August 5th, 2021 when we sent out our first “Just Listed" email blast to over 10,000 local multifamily investors. Within 24 hours of sending that email, we received a strong offer from a local investor who's aggressively searching for well-located, turn-key, and smaller apartment buildings throughout Los Angeles.
The LAAA Team and The Liberow Group of Marcus & Millichap are proud to announce the successful sale of this 6-unit apartment building in the heart of Santa Monica, California.
Property Description
2224 Oak Street, located near the corner of Ocean Park Blvd & 23rd Street, is a 6-unit apartment building that sits on an 8,273 sqft lot. Built-in 1937 and extensively renovated in 2021, this 3,590 sqft property is comprised of four buildings, three of which contain individual bungalow-style units. The property is comprised of two (2) studios and four (4) 1 Bed / 1 Bath units, all of which have private yards or balconies. This former 4-unit building has recently been upgraded to a fully permitted 6-unit building with half of the units being extensively renovated.
Deal Story
