Water Views
1045 Ocean Avenue Santa Monica, CA
$ 15,990,000
Property Attributes
  • MLS#AR20136079
  • TypeIncome
  • 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

1045 Ocean Ave, Santa Monica is Steps from the beach in Santa Monica and walking distance to some of the best amenities in Santa Monica. It is a 20-unit apartment in Downtown Santa Monica. It is located on Ocean Ave between California Ave and Washington Ave and 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 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 (4) 2bedroom+1bathroom, (1) 2bedroom+2bathroom, (7) 1bedroom+1bathroom, (7) 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). Several units have been upgraded and six units can be delivered vacant at close of escrow. Parking is provided by 6 garage parking in the back.

Price History
7/15/2020 Listed $15,990,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Community Features Dog Park, Park, Watersports, Suburban, Urban
Directions north of wilshire blvd, on ocean ave
Flooring Laminate, Vinyl, Wood
HOA Fee 0.00
Levels Two
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
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
Refrigerator Count 20
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 15005.00
Garage Spaces 6.00
Lot Features Lot 10000-19999 Sqft, Value In Land
Lot Size Acres 0.2585
Lot Size Area 11260.0000
Lot Size Source Assessor
Lot Size Square Feet 11260.00
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
Sewer Public Sewer
Total Parking 6.00
View Coastline, Ocean, Water
Water Source Public


  • 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

AVG $5.95M
AVG 66
Year Built
AVG 1950

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