2302 Oak Street, Santa Monica, CA 90405 (MLS # OC26147045)
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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 seven 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.
| DAYS ON MARKET | 11 | LAST UPDATED | 7/6/2026 |
|---|---|---|---|
| YEAR BUILT | 1965 | COMMUNITY | C14 - Santa Monica |
| GARAGE SPACES | 7.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | C14 - Santa Monica |
|---|---|
| GARAGE | Yes |
| LOT | 8285 sq ft |
| LOT DIMENSIONS | 8287 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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