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901 Ocean Avenue, Santa Monica, CA 90403
Priced at Only: $32,622,000
For more Information Call Mobile: 714.478.6676
Address: 901 Ocean Avenue, Santa Monica, CA 90403
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  • MLS#: SB25151733 ( Apartment )
  • Street Address: 901 Ocean Avenue
  • Viewed: 2
  • Price: $32,622,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 2
  • Additional Information
  • County: LOS ANGELES
  • City: Santa Monica
  • Zipcode: 90403
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Nancy Nancy
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Ocean Santa Monica Apartments is a pride of ownership asset offering luxurious modern living. This contemporary 28 unit apartment building is positioned to enjoy stunning views of the Santa Monica beaches and sunsets over the Pacific Ocean. Located on Ocean Avenues Golden Mile, in the Wilshire Montana Neighborhood of Santa Monica, this enviable location, just east of Santa Monica Beach is within close proximity to enjoy the best lifestyle amenities that Santa Monica has to offer such as Santa Monica & Malibu beaches, the Santa Monica Pier, Ocean Avenue dining, the 3rd Street Promenade, Montana Avenue shops, and Palisades Park. Unique to 901 Ocean Avenue is the propertys location directly across the street from one of the few beach access paths, and one block south of Montana Avenue and its collection of over 150 shops and cafes. Some residents have picked Ocean Santa Monica based on its coveted location. Built in 1961, and renovated in 2015 and 2021/2022, the Property is comprised of one three story courtyard style building featuring high end interior and exterior finishes. The desirable unit mix of (18) one bedroom units, and (10) two bedroom, two bath units. Ocean Santa Monica Apartments provides an investor the opportunity to own a pride of ownership apartment building in a highly coveted Southern California location. The long term outlook for the West Los Angeles region is positive and is expected to retain its highly desirable reputation establishing the benchmark for the remainder of the region.
Features
Appliances
  1. Dishwasher
  2. Electric Range
  3. Disposal
  4. Refrigerator
Assessments
  1. Special Assessments
Association Fee
  1. 0.00
Building Area Total
  1. 30954.00
Carport Spaces
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Stucco
Cooling
  1. None
Country
  1. US
Current Financing
  1. Conventional
Door Features
  1. Sliding Doors
Electric
  1. Electricity - On Property
Electric Expense
  1. 0.00
Fencing
  1. Block
  2. Glass
Fireplace Features
  1. Fire Pit
Flooring
  1. Wood
Fuel Expense
  1. 0.00
Garage Spaces
  1. 33.00
Gardner Expense
  1. 4000.00
Heating
  1. Electric
Insurance Expense
  1. 24266.00
Interior Features
  1. Granite Counters
  2. Living Room Balcony
  3. Quartz Counters
  4. Recessed Lighting
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Community
Laundry Income
  1. 0.00
Lockboxtype
  1. None
Lot Features
  1. Landscaped
Netoperatingincome
  1. 1245132.00
Newtaxesexpense
  1. 380568.00
Number Of Separate Electric Meters
  1. 29
Number With Dishwasher
  1. 28
Number With Disposal
  1. 28
Number With Range
  1. 28
Number Wit Hrefrigerator
  1. 28
Otherexpense
  1. 98663.00
Otherexpensedescription
  1. Utility+
Otherincome1
  1. 900.00
Otherincome2
  1. 7452.00
Otherincomedescription
  1. EV Charge Station and RUBS
Parcel Number
  1. 4292026024
Parking Features
  1. Assigned
  2. Controlled Entrance
  3. Electric Vehicle Charging Station(s)
Pool Features
  1. Community
  2. Fenced
  3. Heated
  4. In Ground
Professionalmanagementexpense
  1. 45588.00
Property Type
  1. Apartment
Property Condition
  1. Updated/Remodeled
Road Frontage Type
  1. City Street
Roof
  1. Flat
Security Features
  1. Automatic Gate
  2. Closed Circuit Camera(s)
  3. Resident Manager
  4. Smoke Detector(s)
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 442467605:CRM
Taxblock
  1. 50
Tenant Pays
  1. Electricity
  2. Other
  3. See Remarks
Totalexpenses
  1. 578385.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 0.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
Vacancyallowance
  1. 56139
View
  1. Ocean
Waterfront Features
  1. Beach Access
  2. Ocean Access
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
  2. Screens
Year Built
  1. 1961
Year Built Source
  1. Assessor
Zoning
  1. SMR3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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