1047 Ocean Park Blvd is a 5,296-square-foot, seven-unit apartment building located in the Ocean Park Submarket in the City of Santa Monica. Situated on a 6,617-sf corner lot, the property contains a highly desirable unit mix of (five) 2-bedroom/1-bathroom units and (two) studio units, while (one) 2-bedroom/1-bathroom unit is a spacious townhome. The property was retrofitted within the last two years; foundational work was completed in 2023, and a new concrete driveway was installed in November 2022. Furthermore, there are a total of ten parking spaces with four additional tandem spots. 1047 Ocean Park Blvd provides an investor with the opportunity to own a trophy asset in a desirable pocket of Santa Monica! The asset has a value-add component with approximately 42% in rental upside and a 6.50% pro-forma cap rate and 11.07 pro-forma GRM!
Property Details
Property Features
Property Information:
Year Built: 1947
Stories: 0
Living Area: 5,296 SqFt
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: David Messiah
Interior Features
Interior Information:
Appliances: Microwave, Dryer, Washer
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Carport
Lot Features
Lot Information:
Lot Size: 0.15 Acres
School Info
Assigned Schools Information:
Santa Monica High School, Public District Grades 9-12
John Adams Middle School, Public District Grades 6-8
Will Rogers Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: South of Pico Boulevard, West of Euclid Street, East of Lincoln Boulevard, North of Rose Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $2,875,000
Price Per SqFt: $543/SqFt
Tax Information:
Annual Amount: $3,909
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Santa Monica, CA.
This property is $1.0M more than the Median Sold Price and $557/SqFt less than other homes in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24358301
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 425-9838
Listing Agent: David Messiah
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 7:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,909
$199,328
2020
$3,836
$197,008
2019
$3,567
$193,146
2018
$3,494
$189,360
2017
$3,494
$185,648
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Will Rogers Elementary School
2401 14th St
Distance between this listing and this school0.27 miles
Public District Grades KG-5
Middle School
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school0.42 miles
Public District Grades 6-8
High School
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school0.66 miles
Public District Grades 9-12
Assigned Schools
6
/10
Will Rogers Elementary School
2401 14th St
Distance between this listing and this school0.27 miles
Public District Grades KG-5
Nearby Schools
6
/10
John Muir Elementary School
2526 6th St
Distance between this listing and this school0.42 miles
Public District Grades KG-5
9
/10
Grant Elementary School
2368 Pearl St
Distance between this listing and this school1.03 miles
Public District Grades KG-5
Assigned Schools
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school0.42 miles
Public District Grades 6-8
Nearby Schools
9
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school1.69 miles
Public District Grades 6-8
6
/10
Mark Twain Middle School
2224 Walgrove Ave
Distance between this listing and this school1.70 miles
Public Magnet Grades 6-8
Assigned Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school0.66 miles
Public District Grades 9-12
Nearby Schools
3
/10
Animo Venice Charter High School
820 Broadway St
Distance between this listing and this school1.04 miles
Public Charter Grades 9-12
6
/10
Venice Senior High School
13000 Venice Blvd
Distance between this listing and this school1.81 miles
The neighbors living near this home have an average income of $91,319. The majority of Santa Monica, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1047 Ocean Park Blvd
What is the listing price of this property?
The listing price of 1047 Ocean Park Blvd property is $2,875,000.
What type of property is this?
The property 1047 Ocean Park Blvd is a house located in Santa Monica, California, 90405.
Is this property for sale now?
Active Listing: 1047 Ocean Park Blvd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1047 Ocean Park Blvd are: Will Rogers Elementary School: GreatSchools Rating 6/10John Adams Middle School: GreatSchools Rating 7/10Santa Monica High School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,909 (source: MLS/based on county public records data).
What is the square footage of this property?
The property 1047 Ocean Park Blvd is 5,296 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1047 Ocean Park Blvd is 1947.
Interested in 1047 Ocean Park Blvd? Let's connect.
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This home is located at 1047 Ocean Park Blvd in Santa Monica, CA and zip code 90405 in the Sunset Park neighborhood. This 5,296 square foot home, which was built in 1947, sits on a 0.15 acre lot. It has been listed on Rocket Homes since February 20, 2024 and is currently priced at $2,875,000.
In April 2024, from all listings sold in Santa Monica, CA there were more than 22 sold above asking price, over 21 sold below and more than 7 were sold right at the asked price. The number of homes for sale in Santa Monica, CA increased by 24.5% between March 2024 and April 2024. In April 2024, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $1,789,833.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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