x
Water Views
Address
1045 Ocean Avenue Santa Monica, CA
Price
$ 15,990,000
Property Attributes
  • MLS#AR19163260
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90403
  • Style
  • Price$ 15,990,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15005
  • Lot Size11,260 SqFt
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

Steps from the beach in Santa Monica and walking distance to some of the best amenities in Santa Monica (world-famous Santa Monica Beach, Santa Monica Pier, Santa Monica Third Street Promenade, etc.), 1045 Ocean Avenue offers investor a once-in-a-lifetime opportunity to own an apartment asset in a truly irreplaceable location that could be considered as one of the best location in Southern California. 1045 Ocean Ave is a 20-unit 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. 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. Several units have been upgraded and six units can be delivered vacant at close of escrow.

Price History
7/10/2019 Listed $15,990,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Community Features Biking, Dog Park, Watersports, Urban
Directions 1 block north of Wilshire Blvd, between Wilshire Blvd and Montana Ave
HOA Fee 0.00
Levels Three Or More
Listagentaor Arcadia
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area C14 - Santa Monica
Number of Units Leased 14
Price Per Square Foot 1065.64
Property Attached Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
Total Units 20
Zoning SMR3*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Cooling Wall/Window Unit(s)
Fireplace Features None
Flooring Laminate, Wood
Garbage Disposal Count 20
Heating Wall Furnace
Heating Y/N Yes
Laundry Features Common Area, Community
Laundry Y/N Yes
Number of Wall ACs 20
Range Count 20
Studio Area Unit Type Square Feet
Total Stories 3
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Exterior Features

Building Area Total 15005.00
Carport Spaces 0.00
Garage Spaces 6.00
Lot Features 36-40 Units/Acre, Level with Street, Lot 10000-19999 Sqft
Lot Size Acres 0.2585
Lot Size Area 11261.0000
Lot Size Source Assessor
Lot Size Square Feet 11261.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Features Assigned
Parking Y/N Yes
Pool Features None
Roof Flat
Sewer Public Sewer
Total Parking 6.00
Uncovered Spaces 0.00
View Coastline, Ocean, Panoramic, Peek-A-Boo, Water
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90403

Price
AVG $7.01M
$15.99M
Visits
AVG 63
477
Year Built
AVG 1946
1922
Walkscore
AVG 84
87
Data Provided by Walkscore ® not using MLS data

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