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Income Home for Sale in Santa Monica, California

423 Ocean Avenue, Santa Monica, California 90402, 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

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Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

423 Ocean is a generational opportunity to acquire a vacant 16-unit apartment building with underlying entitlements for 12 condominium units located on prime Ocean Avenue, north of Montana Avenue, in the City of Santa Monica. The existing apartment units have been vacated pursuant to the Ellis Act in anticipation of building the condominium project. A future Buyer will have the option of rehabbing the existing units and re-leasing them at current market rents (subject to rent control going forward) or executing the approved condominium development plan. The existing buildings are designated historical landmarks, which have been incorporated into the future development plan.
  • Price: $ 16,000,000
  • MLS ID: 818005507
  • Property Type: Income Home
  • WEB ID: PR00965022
  • Property Status: Active
  • Lot Size: 22,464sqft

Additional Features

  • Two
  • Bluff
  • Ocean
  • Panoramic
  • Park Or Green Belt
  • Water
  • Parking spaces: 15.00
  • Listing Status: Active
  • Listing Agent: Richard Byrd (lic# 01301749) of Pasadena-Foothills
  • Listing Office: Park Place Partners, Inc.
  • 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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