ActiveResidential · sale

207 Ocean Ave Ext

Santa Monica, CA 90402

$3,100,000

  • 2 beds
  • 2 baths
  • 2,130 sq ft
  • 0.09 acres
  • Built 1921

Listed by Compass · MLS #26846937

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1921.

Property size

0.09 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

207 Ocean Ave Ext A Rare Coastal Legacy Property with Panoramic Ocean Views Available for the first time in over half a century this 2bedroom 2bath approx 2130 sqf residence offers expansive views over Rustic Canyon to the Pacific Ocean Malibu coastline and Santa Monica Mountains from multiple roomsThe residence reflects classic Coastal Craftsman cottage architecture with period detailing and a modest footprint While the property has benefited from updates over the years it offers an opportunity to further renovate expand or reconfigure the existing residence to realize its full potential The multilevel grounds may be reimagined to create terraced gardens additional outdoor living spaces and enhanced entertaining areas subject to buyer investigation and applicable governmental approvalsThe expansive outdoor areas provides a peaceful retreat ideal for morning coffee quiet afternoons or alfresco evenings under the stars The unfinished attic area storage area included in total sqf of the home 665sqf offers potential for conversion into additional living space subject to buyer verification A one car garage is attached convenient street parking is available and an additional spacious storage area is located beneath the housePositioned along the Ocean Avenue Extension corridor the property is approximately one block from Palisades Park and near the beach and Montana Avenue This established coastal neighborhood offers convenient access to dining shopping and everyday amenitiesResidents enjoy a blend of coastal nature and walkability Nearby destinations include the historic Golden Bull Steakhouse Giorgio Baldi Muse La Monique restaurants local coffee shops a neighborhood grocer and a rotating art gallery The area is also home to Canyon Elementary School and the Canyon Recreation Center which offers tennis courts sports fields and community events throughout the year Additional nearby amenities include the Annenberg Community Beach House scenic pedestrian paths and coastal stairways frequently used for outdoor recreation and neighborhood gatherings Whether restored reimagined or thoughtfully expanded the property offers exceptional potential in a location with consistent buyer interest Oceanview properties in this area continue to attract attention supported by limited available inventory and proximity to nearby coastal amenities The mailing address is Santa Monica however the property is located within the City of Los Angeles and subject to Los Angeles services and regulations Sold as a fixerupper offering an opportunity to renovate enhance and reimagine the existing home while preserving its unique character The adjacent vacant parcel is not included in the offering and is not currently available for purchase Some photos are virtually staged or digitally enhanced Original photos are included

THE NEIGHBORHOOD

Explore the location.

207 Ocean Ave Ext, Santa Monica, CA 90402

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1921
Full baths
2
Half baths
0
Heating
FloorFurnace
Appliances
Microwave,Dryer,Washer
Flooring
Wood
Pool
No
Pool features
None
Spa
No
Zoning
LAR1
Parcel
4410004027

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$12,916.67
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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207 Ocean Ave Ext, Santa Monica, CA 90402 · MLS #26846937

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Listing information

MLS #26846937 · California Regional MLS

Listing brokerage: Compass
Listing agent: Alena Lehrer

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.