A rare opportunity to purchase a professionally designed and largely rebuilt duplex crafted and curated for the owner’s own use.
Located on a quiet tree-lined street in Ocean Park, just moments to Main Street and the beach. Two private fenced and gated compounds blend location, style and serenity with indoor-outdoor living. The owner’s unit, unit 1, was taken down to the studs and redesigned by an award-winning architect: 2 bd + den, 1.5 ba, open concept living with cooks kitchen, soaring ceilings, walls of glass, hardwood floors, surround sound, which also includes expansive landscaped gardens, and 2-car garage with adjacent studio/office (approx 100 sq.ft. not included in sf). The second 2 bd, 1 ba home, unit 2, features huge casement windows overlooking the private garden, updated kitchen and bath, hardwood floors and multiple areas to entertain. Each home offers individual built-in laundry, central AC and high-end finishes. Duplexes of this quality, condition and cash flow are rarely available in Santa Monica. Perfect for an owner-user who wants to occupy the currently vacant unit while enjoying rental income that will cover nearly all carry costs. Or, with superior rents and high-quality tenant choices available, this is an outstanding investment opportunity: Unit 1 is rented for $7,400/mth + Unit 2 is vacant and projected at $5,500/mth = $154,800 gross income a year!
Unit 1 (aka 504 Strand St):
Unit 2 (aka 502 Strand St):