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Income Home for Sale in Santa Monica, California

1045 Ocean Avenue, Santa Monica, California 90403, US

$ 16,000,000
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  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California
  •  Income Home for Sale in Santa Monica, California

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1045 Ocean Ave is a 21-units apartment in Downtown Santa Monica. It is located on Ocean Ave between California Ave and Washington Ave. It is located a block away from Third Street Promenade on Wilshire Blvd, across the street from Palisades Park that offers unobstructed ocean view of Pacific Ocean, Santa Monica Beach, Santa Monica Pier and Southern California coastline. It is within walking distance to all the best amenities Santa Monica has to offer, including Metrolink light-rail station on Colorado Ave. It has a strong demographics of $143,000 average household income within a 3-mile radius and has superb access to FWY 10 and CA-1N (Pacific Coast Highway) is a street away. The property is a 2-1/2 story apartment that was built in 1922. It has a total of ±15,005 square feet building size (per profile) and situated on a ±11,260 square feet R3 lot. It is surrounded by much higher density residential properties on its left and right. Unit mix consists of four (4) 2bedroom+1bathroom, eight (8) 1bedroom+1bathroom, eight (8) studio, and one (1) penthouse-1bedroom+1bathroom. The property is master metered for electricity, gas and water. It is under Santa Monica Rent Stabilization Ordinance (rent control). It has a shared laundry room. Several units have been upgraded and one unit can be delivered vacant at close of escrow. Parking is provided by 6 garage parking in the back (alley access).
  • Price: $ 16,000,000
  • MLS ID: AR18256427
  • Property Type: Income Home
  • WEB ID: PR00941477
  • Property Status: Active
  • Lot Size: 11,261sqft

Additional Features

  • Wall Heater
  • Lot 10000-19999 Sqft
  • Lot Shape-Rectangular
  • Lot-Level/Flat
  • Near Public Transit
  • Park Nearby
  • Value In Land
  • Three Or More
  • Coastline
  • Ocean
  • Panoramic
  • Parking spaces: 6.00
  • Listing Status: Active
  • Listing Agent: Handoko Chen (lic# 01749321) of Arcadia
  • Listing Office: GIG Real Estate Inc. (lic# 02021933)
  • Disclaimer: Based on information from CARETS as of 19th January 2019 at 10:53pm. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
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