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511 Strand Street, Santa Monica, CA 90405$2,350,000

5
beds
3
baths
1960
ft2
· 5611
ft2 lot
$1,199 / ft2

Listing provided courtesy of Steve Sawai, Compass
Source CRMLS;
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Beautiful Ocean Park location just five blocks from the beach! Enjoy a quiet neighborhood with fresh ocean breezes at this great development or owner-user opportunity.3 units: duplex and separate cottage. The duplex has two 2 bedroom, 1 bath units. The cottage has 1 bedroom, 1 bath, plus a 10 x 20 deck perfect for entertaining. 511 B is presently tenant-occupied. 511 A and 511 1/2 are currently vacant. The cottage has been completely remodeled. 511 A has received some upgrades. The property includes on-site parking (2 garages and driveway with space for two cars), as well as, plenty of street parking. Ideal location on a lush tree-lined street a close distance to three beautiful dog-friendly parks, Santa Monica High School, trendy Main Street shops and restaurants, and much more! Minutes away from Santa Monica freeway. A great turn-key investment!

HOA

$0/month

On market

2 months

Year built

1961

Property type

Multi-Family

Parking

MLS

21771586

Price / Sq.Ft.

$1,199 / ft2

Status

Active Under Contract

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Home details for 511 Strand Street

Interior Features & Layout
Appliances
•   
Laundry Details: Washer Included, Dryer Included, See Remarks
•   
Appliances: Microwave, Refrigerator, Gas Oven
•   
Has Appliances
•   
Laundry: 1
Rooms Info
•   
Room Information: Living Room
Heating & Cooling
•   
Has Heating
•   
Heating Details: Forced Air
Flooring
•   
Flooring: Wood
Interior Size
•   
Building Area Total: 1960.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Concrete, Unassigned, Garage - Two Door, Garage
Building Info
•   
Zoning: SMOP2*
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 3
Lot Info
•   
Lot Size Acres: 0.1288
•   
Lot Size Area: 5611.0000
•   
Lot Size Units: Square Feet
Property Type
•   
Architectural Style: Traditional
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 0.00
•   
Vacancy Allowance Rate: 2.00
•   
Total Expenses: 0.00
•   
Gross Multiplier: 0.00
Tax/Assessment Info
•   
Gross Income: 0.00
•   
Tax Year: 2020
•   
Taxes: 2105.31
Lease Info
•   
Net Operating Income: 0.00
Listing Info
•   
Status: Active Under Contract
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 0.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 0.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2256.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 0.00
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: North of Ocean Park and south of Pico at 6th and Strand Street
Other
Calculation
•   
Dom: 69

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
Ocean Park
66
Properties for sale
12
Median days on market
$1024.35
Median sold price/sqft
101.60%
Sold/List %
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Property History for 511 Strand Street

09/28/2021
09/28/2021
CRMLS #21771586
active
CRMLS #21771586
$2,350,000
--5.81%
09/03/2021
09/03/2021
CRMLS #21771586
active
CRMLS #21771586
$2,495,000
--16.69%
08/11/2021
08/11/2021
CRMLS #21771586
active
CRMLS #21771586
$2,995,000

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