34.01883 -118.50297

1045 Ocean Avenue Santa Monica, CA 90403

244748145 34.01883 -118.50297 124 /listing/244748145-150234263/1045-ocean-avenue-santa-monica-ca-90403 False 0 15990000 105 AR19163260 False
  • $15,990,000
  • 11,261 lot
  • Est payment $85837.78/mo

Property & Neighborhood Info

Courtesy Of Handoko Chen, GIG Real Estate Inc.

Multi-Family in Santa Monica

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.

Courtesy Of Handoko Chen, GIG Real Estate Inc.
  1. 11,261 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1922
  • Garage: 6.0
  • Floors: 3
  • County: Los Angeles County
  • Units: 20
  • Zoning: SMR3*
  • MLS Number:AR19163260

Additional Features

  • Cooling:
    • Wall/Window Unit(s)
  • Flooring:
    • Laminate
    • Wood
  • Laundry:
    • Common Area
    • Community
  • Laundry Equipment:
    • Lease
  • Fireplace:
    • None
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Three Or More
  • Property Subtype:
    • Apartment
  • Roof:
    • Flat
  • View:
    • Coastline
    • Ocean
    • Panoramic
    • Peek-A-Boo
    • Water
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 36-40 Units/Acre
    • Level with Street
    • Lot 10000-19999 Sqft
  • Pool Features:
    • None
  • Parking:
    • Assigned
  • Parking Spaces:
    • 6.00
  • Electric:
    • Standard
  • Heating:
    • Wall Furnace
  • Sewer:
    • Public Sewer
  • Utilities:
    • Cable Connected
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Community Features:
    • Biking
    • Dog Park
    • Urban
    • Watersports
  • Number of Buildings:
    • 1
  • Gross Income:
    • 560146.00
  • Net Operating Income:
    • 260649.00
  • CDOM:
    • 97
  • Assessments:
    • Buyer to Verify
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • None
  • Fuel Exp:
    • 0.00
  • Gross Operating Income:
    • 543342.00
  • Insurance Expense:
    • 5263.00
  • Listing Key:
    • 362967838
  • Lot Size Acres:
    • 0.2585
  • Lot Size Square Feet:
    • 11261.00
  • Maintenance Exp:
    • 30464.00
  • Number Of Units Leased:
    • 14
  • Operating Expense:
    • 282693.00
  • Price Per SQFT:
    • 1065.64
  • Tax ID:
    • 4292027011
  • Total Expenses:
    • 282693.00
Neighborhood info courtesy of Homes.com © 2019

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Mike Boyle
Mike Boyle
Broker Associate
1501 West Magnolia Blvd Burbank CA 91506
34.01883 -118.50297

1045 Ocean Avenue Santa Monica, CA 90403

244748145 34.01883 -118.50297 124 /listing/244748145-150234263/1045-ocean-avenue-santa-monica-ca-90403 False 0 15990000 105 AR19163260 False
  • $15,990,000
  • 11,261 lot
  • Est payment $85837.78/mo