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238 Bicknell Ave
Santa Monica, CA 90405 Ocean Park

$2,100,000 USD

Apartments For Sale • 2,369 SF

Property Details

Property Type Apartments
Total Building Size 2,369 SF
Lot Size 0.14 AC
Building Class C
Year Built 1920
Cap Rate 3.89 %
Zoning SMOP2*

70 Transit Score

70 Walk Score

                
                    Highlights
                
                                One owner-occupied unit; appealing to both owner-occupied and investor buyers 
                            
                                Court-Supervised Sale – Defined and structured disposition process, subject to court confirmation
                            
                                Compelling value-add and repositioning opportunity
                            
                                Below-market rents with clear path to income growth 
                            
                                Flexible unit mix with multiple layout configurations 
                            
                                Vintage Santa Monica character with repositioning potential

Financial Summary (Actual)

Net Operating Income: $81,682 USD (2026)

Cap Rate:	3.89 %
Total Expenses:	$44,961 USD

Amenities

Laundry Facilities
Vintage Building

Public Transportation

Transit/Subway	Drive	Walk	Distance
Downtown Santa Monica (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	12 min	0.7 mi
Airport	Drive	Walk	Distance
Los Angeles International	16 min	-	8.3 mi
Bob Hope	33 min	-	22.8 mi
Long Beach (Daugherty Field)	37 min	-	29.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	OneCarGarage
Included in Rent:	Yes

Raymond A. Rodriguez IV Lucrum Real Estate Group | Equity Union

238 Bicknell Ave Santa Monica, CA 90405 Ocean Park