Descriptionof 1045 Ocean Avenue, Santa Monica, CA 90403
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.
Property Featuresof 1045 Ocean Avenue, Santa Monica, CA 90403
Year Built 1922
Community C14 - Santa Monica
Parking spaces: 6.00
Garage spaces: 6.00
Lot acreage is: 0.2585
Lot has ocean view
Lot zoned: SMR3*
Units in building(s): 20
Leased units: 14
Total square feet: 11261.00
Courtesy of: GIG Real Estate Inc., Handoko Chen
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