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7 Units in Santa Monica: 1st Time for Sale! 2410 Ocean Park Blvd 7 Unit Apartment Building $2,050,000 ($292,857/Unit) 5.45% Cap Rate Santa Monica, CA 90405



Investment Highlights
- 7-unit multifamily property in prime Santa Monica location of Sunset Park
- Strong and diverse unit mix
- Minutes to Main Street, offering top-tier dining, retail, cafés, and nightlife
- Built in 1975 by the Seller’s family
- Significant rental upside potential
Executive Summary
Jonathan Taksa of the Taksa Investment Group is truly pleased to present a generational investment opportunity. Offered as part of a rare six-property portfolio, 2410 Ocean Park Blvd, Santa Monica, CA 90405 presents an excellent opportunity to acquire a well-located, low-density asset with strong in-place fundamentals and significant rental upside in the heart of Sunset Park, one of Santa Monica’s most desirable residential neighborhoods. Built in 1975 by the Seller’s family, the property reflects long-term ownership and pride of stewardship, a theme consistent throughout the portfolio.
The property consists of 7 thoughtfully designed units featuring a diverse and highly functional unit mix, including 4 onebedroom/one-bath units, 2 two bedroom/two-bath units, and 1 unique two-story two-bedroom/two-and-a-half-bath unit. This variety of unit types allows the asset to appeal to a broad tenant base, from singles to families, while the inclusion of a townhouse-style unit adds a level of differentiation rarely found in smaller assets.
The units offer dynamic and efficient layouts flooded with natural light, complemented by nicely landscaped grounds that create an inviting and residential living environment. The property also features gated on-site parking and an on-site laundry facility, providing key amenities that enhance tenant retention and overall desirability.
With substantial rental upside, a new owner has the opportunity to reposition the asset and capture meaningful income growth, capitalizing on both the property’s strong fundamentals and its premier coastal location.
From a location standpoint, 2410 Ocean Park Blvd is ideally situated in Santa Monica’s highly sought-after Sunset Park neighborhood, known for its balance of residential charm and accessibility to lifestyle amenities. The property is just minutes from Main Street, a vibrant retail and dining corridor featuring popular restaurants, cafés, boutiques, and nightlife, as well as Santa Monica Beach, offering immediate access to the ocean and outdoor coastal lifestyle.
The surrounding area provides convenient access to neighboring Westside hubs including Venice, Mar Vista, and broader Santa Monica, along with proximity to highly regarded schools such as Santa Monica High School. Residents benefit from a walkable, lifestyle-driven neighborhood with strong demand fundamentals supported by coastal proximity, employment access, and a vibrant local amenity base. For investors seeking a charming, well-located asset with strong rental upside and diverse unit mix in a premier coastal market, 2410 Ocean Park Blvd represents a compelling acquisition opportunity.
The property consists of 7 thoughtfully designed units featuring a diverse and highly functional unit mix, including 4 onebedroom/one-bath units, 2 two bedroom/two-bath units, and 1 unique two-story two-bedroom/two-and-a-half-bath unit. This variety of unit types allows the asset to appeal to a broad tenant base, from singles to families, while the inclusion of a townhouse-style unit adds a level of differentiation rarely found in smaller assets.
The units offer dynamic and efficient layouts flooded with natural light, complemented by nicely landscaped grounds that create an inviting and residential living environment. The property also features gated on-site parking and an on-site laundry facility, providing key amenities that enhance tenant retention and overall desirability.
With substantial rental upside, a new owner has the opportunity to reposition the asset and capture meaningful income growth, capitalizing on both the property’s strong fundamentals and its premier coastal location.
From a location standpoint, 2410 Ocean Park Blvd is ideally situated in Santa Monica’s highly sought-after Sunset Park neighborhood, known for its balance of residential charm and accessibility to lifestyle amenities. The property is just minutes from Main Street, a vibrant retail and dining corridor featuring popular restaurants, cafés, boutiques, and nightlife, as well as Santa Monica Beach, offering immediate access to the ocean and outdoor coastal lifestyle.
The surrounding area provides convenient access to neighboring Westside hubs including Venice, Mar Vista, and broader Santa Monica, along with proximity to highly regarded schools such as Santa Monica High School. Residents benefit from a walkable, lifestyle-driven neighborhood with strong demand fundamentals supported by coastal proximity, employment access, and a vibrant local amenity base. For investors seeking a charming, well-located asset with strong rental upside and diverse unit mix in a premier coastal market, 2410 Ocean Park Blvd represents a compelling acquisition opportunity.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$171,614
|
$27.14
|
| Other Income |
$1,800
|
$0.28
|
| Vacancy Loss |
$5,148
|
$0.81
|
| Effective Gross Income |
$168,266
|
$26.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$56,540
|
$8.94
|
| Net Operating Income |
$111,726
|
$17.67
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $171,614 |
| Annual Per SF | $27.14 |
| Other Income | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.28 |
| Vacancy Loss | |
|---|---|
| Annual | $5,148 |
| Annual Per SF | $0.81 |
| Effective Gross Income | |
|---|---|
| Annual | $168,266 |
| Annual Per SF | $26.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $56,540 |
| Annual Per SF | $8.94 |
| Net Operating Income | |
|---|---|
| Annual | $111,726 |
| Annual Per SF | $17.67 |
Property Facts
| Price | $2,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $292,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.45% | Building Size | 6,324 SF |
| Gross Rent Multiplier | 11.82 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | ||
| Zoning | SMR3* - Multiple Residential | ||
| Price | $2,050,000 |
| Price Per Unit | $292,857 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Gross Rent Multiplier | 11.82 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,324 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Zoning | SMR3* - Multiple Residential |
Amenities
Unit Amenities
- Dishwasher
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 1 | - | 1,050 |
| 2+2 | 2 | - | 950 |
| 1+1 | 4 | - | 750 |
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
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7 Units in Santa Monica: 1st Time for Sale! | 2410 Ocean Park Blvd
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