$ 27,500,000
-
$27,500,000
Price -
38
Bed -
38
Bath -
30,954
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing X74295 - C102671
COURT ORDERED RECEIVERSHIP SALE | On behalf of Douglas P. Wilson, Court Appointed Receiver, CBRE is pleased to exclusively present Ocean Santa Monica Apartments, a generational opportunity to acquire a coastal bluff asset along one of the most tightly held stretches of Ocean Avenue in Santa Monica. Positioned between Montana Avenue and Wilshire Boulevard, 901 Ocean Avenue commands sweeping Pacific Ocean and Santa Monica Mountain views from the majority of the units, with all west-facing residences enjoying full, unobstructed ocean exposure and numerous additional units capturing direct water views. Ocean Avenue north of Wilshire is defined by long-term ownership and limited multifamily inventory. Apartment assets along this corridor rarely trade, reinforcing the enduring scarcity of the location. Situated on an expansive 15,011 square foot double lot and encompassing approximately 30,954 square feet of improvements, the scale, frontage, and bluff-top positioning create a coastal offering that is increasingly difficult to replicate under today's regulatory and development constraints. Originally constructed in 1961 and 1970 and comprehensively renovated in 2015, 2021, and 2022, the 28-unit property features 18 one-bedroom/one-bathroom units and 10 two-bedroom/two-bathroom units. The residences are notably spacious relative to newer coastal product, allowing flexibility for continued interior enhancement at a higher finish level. Most units offer ocean views, and most residences include more than one private balcony, providing meaningful outdoor space that is highly valued by Santa Monica renters. The building has been carefully maintained, including updated electrical systems and copper plumbing. Common area laundry rooms are located on each floor and are currently not operated for additional income. One unit is equipped with in-unit laundry, and a future owner may consider a coordinated upgrade program incorporating in-unit washer and dryer installations alongside further interior refinements to strengthen positioning within the submarket. The property is supported by controlled access entry, gated garage parking with 33 spaces, a rooftop ocean-view deck, pool and common gathering areas, elevator service, and a glass-enclosed entry sitting room that creates a strong first impression upon arrival. These features, combined with the property's scale and ocean frontage, support durable tenant demand and long-term stability.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
26660407
Year Built
1961
Total Square Footage
30,954
Lot/Acreage
0.34
County
Los Angeles
Interior Details
- Bedrooms: 38
- Bathrooms: 38 Full
- Appliances: Microwave, Range, Electric
- Air Cond: Ceiling Fan
- Heating: Wall Electric
- Fireplaces:
- Floor: Tile,Wood,Bamboo
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Granite Counters
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 33
- Zoning: SMR3*
- Roof: Flat Tile
- Others:
- Sewer:
- Parking Features: Gated,Controlled Entrance,Assigned,Covered Parking
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
901 Ocean Ave Santa Monica, CA 90403
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
