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$1,562,500
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Property Description
A truly rare offering, this trophy triplex has been owned by the same family for approximately 60 years and reflects long-term pride of ownership. Properties of this caliber, stability, and provenance seldom come to market, making this an exceptional opportunity for the discerning investor seeking a generational asset.
The property features a well-balanced unit mix consisting of a one-bedroom, one-bath unit of approximately 680 square feet, a two-bedroom, one-bath unit of approximately 823 square feet, and a second one-bedroom, one-bath unit of approximately 715 square feet. One of the one-bedroom units has been completely remodeled and includes its own private patio, adding meaningful lifestyle appeal and enhanced rental value.
Each unit is equipped with its own private garage and individual laundry, amenities that are increasingly rare and highly desirable in today's multifamily market. Set on a generously sized lot, the property offers strong in-place income with long-term appreciation potential in a supply-constrained location. A compelling opportunity to acquire a thoughtfully maintained, legacy investment with enduring appeal.
Full Property Details
Full Property Details for 1502 Ocean Park
General
- Sold For: $1,562,500
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SB26007288
- Added to Site: 97 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: In Kitchen
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 5
Location
- Area: C14 - Santa Monica
- County: Los Angeles
- Development Name: C14 - Santa Monica
- Driving Directions: Ocean Park to 14th Street.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Architectural Style: Bungalow
- Entry Location: 1st floor
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,222
- Year Built: 1940
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: None
- Lot Size (Acres): 0.1607
- Lot Size Source: Assessor
- Lot Description: Front Yard
Financial Considerations
- Price Per Sq. Ft.: $703.2
- Price Per Unit: 533000
Disclosures and Reports
- Exclusions: tenant owned appliances
Listed by Estate Properties, Jane Sager
Sold by Coldwell Banker Realty, Julie Lovett and Coldwell Banker Realty, Jennifer Westbay
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Schools
Schools serving 1502 Ocean Park
School District:Santa Monica-Malibu Unified School District
| Name | Grades | Distance |
|---|---|---|
Will Rogers Elementary School, Santa Monica, CA 2401 14th Street, Santa Monica, CA 90405 | K-5 | 0.1 mi |
John Adams Middle School, Santa Monica, CA 2425 16th Street, Santa Monica, CA 90405 | 6-8 | 0.2 mi |
Santa Monica High School 601 Pico Boulevard, Santa Monica, CA 90405 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1502 Ocean Park
Date
Details
Price
Change
Source
4/16/2026
Sold
$1,562,500
-2.28%
MLS
1/12/2026
Listed
$1,599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1502 Ocean Park, Santa Monica, CA 90405 (MLS# SB26007288) is a Multi-Family property that was sold at $1,562,500 on April 16, 2026. Want to learn more about 1502 Ocean Park? Do you have questions about finding other Multi-Family real estate for sale in Santa Monica? You can browse all Santa Monica real estate or contact a Coldwell Banker agent to request more information.

