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638 Grant St
Santa Monica, CA 90405 Ocean Park

$2,657,000 USD

Apartments For Sale • 4,740 SF

Property Details

Property Type Apartments
Total Building Size 4,740 SF
Lot Size 0.14 AC
Building Class C
Year Built 1957
Zoning SMOP2*

72 Transit Score

81 Walk Score

                
                    Highlights
                
                                36% Rent Upside Aggressive pro forma rents ($2,500 1-beds / $2,000 studios) backed by Ocean Park comps; 6 of 8 units month-to-month.
                            
                                Santa Monica Ocean Park Location Walk to Main Street, beach, tech corridors; ultra-low vacancy submarket with chronic undersupply.
                            
                                1957 Garden-Style Layout Single-story, 3,740 SF on 5,897 SF lot; separately metered electric/gas, master water reduces owner expense.
                            
                                One Vacant Unit Immediate lease-up at pro forma ($2,600/mo) provides instant cash flow lift.
                            
                                Limited On-Site Parking 1–2 spaces per tenant via driveway/street; typical for area, offset by bike/transit access.
                            
                                No Major Capex Noted Clean physical inspection; focus on cosmetic turns to capture full upside.

Property Flyers

Rent Roll - 638 Grant St., Santa Monica, CA

Amenities

Air Conditioning
Laundry Facilities

Public Transportation

Transit/Subway	Drive	Walk	Distance
Downtown Santa Monica (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	14 min	0.8 mi
Airport	Drive	Walk	Distance
Los Angeles International	15 min	-	8.0 mi
Bob Hope	32 min	-	22.5 mi
Long Beach (Daugherty Field)	37 min	-	28.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes

Elliott Gallahan 626-240-2785 Lee & Associates

638 Grant St Santa Monica, CA 90405 Ocean Park