Property Details
About this Property
Introducing a meticulously maintained investment opportunity in the heart of Santa Monica’s sought-after Ocean Park neighborhood. Walkable distance from the beach and two blocks from the peaceful greenery of Joslyn Park, this solid asset offers exceptional value with a current CAP rate of 2.85%. Current expenses include a property management fee, $6,000 per year, so if the Buyer elects to self-manage the property and thereby eliminates management expenses, the potential CAP rate could increase to 3.1%, with a potential market CAP rate of 4.5% with market rents. Residents enjoy quick access to many everyday conveniences along Lincoln Boulevard, including Gelson’s, Whole Foods Market, popular coffee shops, and a wide variety of restaurants, as well as the vibrant shops and dining of Abbot Kinney and Main Street. Santa Monica’s excellent Transit Score of 75 and Bike Score of 72 make every destination within easy reach.
MLS Listing Information
MLS #
CRSB25201120
MLS Source
California Regional MLS
Days on Site
8
Interior Features
Cooling
None
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 1 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Takeshi Kida
Takeshi Kida
License #: 02096893
Phone: –
Co-Listing Agent
Norio Kanai
Cosmo Investment
License #: 01111885
Phone: (310) 782-4657
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
729 Cedar St is a Residential Income in Santa Monica, CA 90405. This – square foot property sits on a 5,995 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,395,000 and was built in 1954. This address can also be written as 729 Cedar St, Santa Monica, CA 90405.
©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of September 12, 2025. For the most current information, please contact Takeshi Kida
