The Kenny Stevens Team is pleased to announce the closed sale of 819 Ocean Park Boulevard, a rare and highly desirable Santa Monica multifamily asset located just 10 blocks from the beach. This exceptional six-unit property offered investors a compelling blend of strong in-place income, significant rent upside, and prime Westside location, all within walking distance of Ocean Park’s most popular shops, restaurants, and amenities.

The unit mix includes a massive 4-bedroom, 2.5-bath owner’s unit—perfect for an owner-user or high-end rental—alongside five spacious 2-bedroom, 2-bath units, all configured for maximum livability and long-term tenant appeal. At the time of sale, rents were well below market, presenting an opportunity for nearly 40% upside through strategic lease turnover and modernization.

Offered at just $222 per square foot at list price, 819 Ocean Park stood out in the Santa Monica market as a high-yield acquisition in a supply-constrained coastal city. The property features nine parking spaces, a premium amenity in this dense residential area, and is separately metered for gas and electricity, allowing for streamlined utility management and reduced owner expenses.

Looking for more high-upside coastal multifamily opportunities like this one? Let the Kenny Stevens Team guide your next investment.