2458 Oak Street, Santa Monica, CA 90405

• 6 beds
• 2,976 sqft

Property Description

2458 Oak Street, situated in the heart of Ocean Park,represents a rare opportunity to acquire a four-unit coastal asset with both immediate income potential and compelling long-term upside. The property features one unit delivered vacant, providing a clear path to achieving market rents or accommodating an owner-user, all on an expansive 7,048-square-foot lot.Constructed in 1949 and totaling 2,976 square feet, the asset combines classic architectural character with significant repositioning potential. Supported by strongin-place tenancy and meaningful rental upside, theproperty is well-positioned for investors seeking durable cash flow and appreciation in one of Los Angeles' most coveted coastal submarkets.Ideally located just steps from Main Street and the Pacific Ocean, 2458 Oak Street benefits from consistently high tenant demand driven by walkability, lifestyle amenities, and proximity to employment hubs.This irreplaceable location underpins its appeal as both a long-term hold and a strategic value-add investment.Further enhancing the investment thesis is the planned closure and redevelopment of the nearby Santa Monica Airport. The anticipated transformation of this 227-acresite into expansive open space, recreational amenities,and community-serving uses is expected to significantly elevate the surrounding neighborhood, reduce noise impacts, and drive continued demand and property value appreciation throughout Ocean Park.

Listing Status:

Active

Date Added:

April 27, 2026

Data Last Updated:

May 1, 2026 at 12:06PM

Listing Office:

Miller & Desatnik Realty Co. : 310-202-9166

Listing Agent:

David Miller : 323-948-7507

MLS ID:

CL26810053

Interior

• A/C: No Air Conditioning
• Heating: Wall Furnace

Exterior

• Parking: Parking spaces: 4

Location

• County: Los Angeles

Lot

• Zoning: SMR2*4272020017