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Price Reduction - Views - Seller Financing
Address
423 OCEAN Avenue Santa Monica, CA
Price
$ 13,600,000
Property Attributes
  • MLS#19495800
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90402
  • Style
  • Price$ 13,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3754
  • Lot Size0.52 Acres
Listing Provided Courtesy Of:
Chase Simonton with Keller Williams-Santa Monica.
Property Description

SELLER FINANCING AVAILABLE. Please call listing agents for information.423 Ocean Ave is located on the cliffs of Santa Monica, with unblocked views of the Pacific Ocean and one of the most prestigious locations for commercial real estate and luxury condominiums. 423 Ocean is approved and fully entitled for 14 condominiums. The owner obtained both City Plan Check and Coastal Commission approval, a process that took over 10 years to achieve. Now it is a new investors opportunity to purchase and develop or rehab the existing 16 units. The existing 16 units are comprised of (4)2+1 townhouse-style units, (4) 2+1, and (8) 1+1. Buyer to verify the current unit mix.

Price History
8/3/2019 Listed $16,000,000
9/3/2019 7% - $14,900,000
10/22/2019 7% - $13,900,000
12/2/2019 3% - $13,600,000

General Features

Co-Listing Agent Last Name Flashman
Co-Listing Agent Last Name Jason
Co-Listing Agent State License # 01841976
Co-listing Agent Jason Flashman - BRE#01841976
Directions Ocean Ave, north of the California Incline
Listagentaor Beverly Hills/Greater LA
Listing Agent Chase Simonton - BRE#01766871
Listing Agent State License 01766871
MLS Area C14 - Santa Monica
Price Per Square Foot 3622.80
Source System CRMLS
Special Listing Conditions Standard
Total Units 16
Zoning SMR4*

Interior Features

Appliances None
Cooling None
Laundry Features None
Total Stories 3

Exterior Features

Building Area Total 3754.00
Lot Size Acres 0.5157
Lot Size Area 22464.0000
Lot Size Square Feet 22464.00
Lot Size Units Square Feet
Number of Buildings 3

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 90402

Price
AVG $13.6M
$13.6M
Visits
AVG 134
351
Year Built
AVG 1936
1936
Walkscore
AVG 54
53
Data Provided by Walkscore ® not using MLS data

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