2302 Oak Street, Santa Monica, CA 90405
Local realty services provided by:CENTURY 21 Discovery
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 seven-unit multifamily property lies just moments from the Santa Monica Business Park—home to major employers such as Snap, Hulu, Crexi, and Naughty Dog—and only a few blocks from Santa Monica College, which serves more than 26,000 students and faculty. The property is also positioned to benefit from the Santa Monica Airport Conversion Project, a city-led initiative that will permanently close the airport by 2028 and transform the surrounding area into expansive parks, open space, and new community amenities. This once-in-a-generation redevelopment is expected to significantly enhance neighborhood quality, elevate desirability, and support long-term rental and asset value growth.
Built in 1965, the asset offers approximately 9,109 square feet of living area on an 8,287-square-foot lot, featuring an exceptional unit mix of three 2-bed/2-bath units, three 3-bed/2-bath units, and one 4-bed/3-bath townhouse-style front unit. All units provide spacious layouts and ample storage. The building is separately metered for gas and electricity, includes an on-site laundry room, and offers five units with in-unit laundry—highly desirable amenities that support premium rent potential. Seven parking spaces, including four gated stalls, provide added security and convenience.
Two units have recently undergone substantial upgrades, including new flooring, renovated kitchens with gas appliances, updated bathrooms, modern lighting, and in-unit laundry. These improvements reduce deferred maintenance, enhance tenant experience, and strengthen long-term operating performance. With current rents still below market, a new owner will benefit from meaningful upside through natural turnover and full renovation of remaining units. Delivering immediate income, strong future rent growth, and extraordinary long-term appreciation potential supported by the airport conversion, this offering represents a rare opportunity to acquire a turnkey multifamily asset in one of the Westside’s most desirable and consistently high-demand rental markets....
Contact an agent
Home facts
- Year built:1965
- Listing ID #:OC25272345
- Added:92 day(s) ago
- Updated:March 06, 2026 at 11:42 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
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,950,000
- Price per sq. ft.:$433.64
Features and amenities
- Laundry features:Inside
Parking
- Total parking spaces:4
- Garage:Yes
- Garage spaces:4
New listings near 2302 Oak Street
- New
$8,495,000Active4 beds 4 baths3,358 sq. ft.239 W Channel Road, Santa Monica, CA 90402
MLS# 26662649Listed by: CAROLWOOD ESTATES - New
$2,025,000Active2 beds 3 baths1,777 sq. ft.1043 11th Street #3, Santa Monica, CA 90403
MLS# 26662397Listed by: DANCO INC. - Open Sat, 12 to 3pmNew
$7,950,000Active5 beds 6 baths4,314 sq. ft.541 11th Street, Santa Monica, CA 90402
MLS# 26663305Listed by: SOTHEBY'S INTERNATIONAL REALTY - New
$1,749,000Active4 beds 3 baths2,000 sq. ft.1148 Chelsea Avenue #1, Santa Monica, CA 90403
MLS# CL26662377Listed by: COLDWELL BANKER REALTY - Open Sun, 2 to 5pmNew
$2,195,000Active2 beds 3 baths1,753 sq. ft.508 Pier Avenue #4, Santa Monica, CA 90405
MLS# 26652669Listed by: COMPASS - Open Sat, 1 to 4pmNew
$989,000Active2 beds 2 baths1,119 sq. ft.815 10th Street #B, Santa Monica, CA 90403
MLS# 26651061Listed by: HUGH BORAX - Open Tue, 11am to 2pmNew
$3,500,000Active3 beds 3 baths2,963 sq. ft.419 Hillside Lane, Santa Monica, CA 90402
MLS# 26660219Listed by: SOTHEBY'S INTERNATIONAL REALTY - New
$1,750,000Active2 beds 3 baths1,343 sq. ft.425 Hillside Lane, Santa Monica, CA 90402
MLS# 26662503Listed by: SOTHEBY'S INTERNATIONAL REALTY - New
$3,325,000Active0.13 Acres731 Ashland Avenue, Santa Monica, CA 90405
MLS# 26662579Listed by: CAROLWOOD ESTATES - New
$1,199,000Active2 beds 3 baths1,346 sq. ft.1044 20th Street #11, Santa Monica, CA 90403
MLS# 26653555Listed by: VYLLA HOME, INC.