1045 Ocean Ave

$16,000,000, 15,005 Sqft 11261 Acres 6 Garages

About This Property

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

Essential Information

MLS® #AR18256427MR
Price$16,000,000
Bathrooms0.00
Square Footage15,005
Acres11,261.00
Year Built1922
TypeResidential Income
Sub-TypeApartment
StatusActive

Community Information

Address1045 Ocean Ave
AreaSanta Monica
CitySANTA MONICA
CountyLos Angeles
StateCA
Zip Code90403

Amenities

Parking Spaces6
# of Garages6
GaragesAssigned
ViewCoastline, Ocean, Panoramic
PoolNone

Interior

AppliancesRange
HeatingWall
CoolingNone
FireplacesNone
# of Stories3

Exterior

RoofShingle

Additional Information

Date ListedOctober 22nd, 2018
Days on Market50
ZoningSMR3*

Listing Details

AgentHandoko Chen (01749321)
OfficeGIG Real Estate Inc.

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Listing information last updated on December 12th, 2018 at 5:00am PST.

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