2302 Oak Street, Santa Monica, CA 90405

Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
2302 Oak Street,Santa Monica, CA 90405
$3,950,000
  • - Beds
  • - Baths
  • 9,109 sq. ft.
  • Multi-family
  • Active
Listed by: andy dehu, zheng hong qi
Office: real broker
MLS#:OC25272345
Source:CRMLS

Price summary

  • Price:$3,950,000
  • Price per sq. ft.:$433.64

About this home

Beautifully situated in a prime Santa Monica location, this residential income property sits adjacent to the Santa Monica Business Park, a major employment hub home to leading technology, entertainment, and financial companies including Snap, Hulu, Crexi, and Naughty Dog. The property is also near Santa Monica College, which serves approximately 26,000 students and faculty, creating strong and consistent rental demand. The asset has maintained long-term full occupancy and is currently fully rented, offering immediate rental income upon acquisition. The property delivers a cap rate above 5.5%, significantly outperforming the Santa Monica average of around 3.5%. With additional rent-increase potential upon future tenant turnover, long-term returns could be even stronger. An exceptional investment opportunity combining stable income, growth potential, and a highly desirable westside location.

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Home facts

  • Year built:1965
  • Listing ID #:OC25272345
  • Added:1 day(s) ago
  • Updated:December 10, 2025 at 06:39 AM

Rooms and interior

  • Living area:9,109 sq. ft.

Structure and exterior

  • Year built:1965
  • Building area:9,109 sq. ft.
  • Lot area:0.19 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,950,000
  • Price per sq. ft.:$433.64
Based on information from California Regional Multiple Listing Service, Inc. as of December 10, 2025 . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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