Sold
for $2,100,000
on 5/1/26
Situated on a quiet, tree-lined street in Santa Monica's sought-after Sunset Park neighborhood, 2206 Oak St presents a rare opportunity to acquire a fully vacant six-unit property on a generous R2 lot with significant upside. Main home was built in 1925 and held by the same owner for over 40 years, with 5 back rental units built in the 50's. The property blends character, scale, and flexibility, offering investors, owner-users, or developers' multiple paths to value. The 6,949 square foot lot accommodates over 4,100 sq ft of living space across a well-balanced unit mix, including a charming front house and five rear units. The layout offers separation, natural light, and a sense of privacy, while still maintaining a cohesive residential feel. Mature landscaping, a welcoming front porch, and courtyard elements enhance the property's charm and livability. With all 6 units delivered vacant, the opportunity to renovate and reposition is immediate. Electrical panels have been updated to current code, water heaters are all within the last six years, and the property is not subject to the City of Santa Monica's Soft Story retrofit requirement, offering a strong foundation for improvements. Interiors vary in condition, with a mix of engineered wood flooring and carpet, and some units featuring existing appliances. Most plumbing remains galvanized, providing a clear path for upgrades that can further enhance long-term performance. Parking is generous for Santa Monica, with one space per unit, including carports, a garage, and additional driveway parking, plus convenient alley access. Located just moments from Clover Park, Santa Monica College, and the growing Santa Monica Business Park, home to major employers like Snap, Hulu, and Naughty Dog. The property sits in a high-demand rental corridor with strong tenant appeal. Ocean Park Blvd, neighborhood cafes, and the beach are all within close reach, reinforcing the lifestyle that continues to drive this market. 2206 Oak Street is more than a value-add investment, it's a chance to reposition a legacy property in one of Westside's most durable rental markets, with immediate vacancy, solid fundamentals, and long-term appreciation potential.
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