Residential Income – 1045 Ocean Avenue, Santa Monica, CA 90403, US -001-11-30T00:00:00-08:00
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-alifetime op
1045 Ocean Avenue, Santa Monica, CA 90403, US
$15,990,000 USD
Pictures
Map
Object Images
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Contact us
Schedule Tour
Address1045 Ocean Avenue, Santa Monica
Price$15,990,000
Year Built1922
Bedrooms Total0
Living Area15,005 ft2
Lot Size (Sq.Ft.)11,261
Listing IDAR20003792
StatusActive
Parcel Number4292027011
ZoningSMR3
Special ConditionsStandard
Days on Market45

Detailed Description: 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-alifetime 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 sq.ft building size (per profile) and situated on a ±11,260 sq.ft 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.

View
Association
Laundry
Parking
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

Property added to favorites
Add to Favorite
Mortgage calculator
More Information
Loan
Mortgage
Expert
Loan amount
Loan term
Annual interest rate
First payment date
Amortization period
Calculate
Hide
Address Information
Address1045 Ocean Avenue, Santa Monica
Street SuffixAvenue
CitySanta Monica
Location (MLS Area)C14 – Santa Monica
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90403
Postal Code Plus43541
CountryUS
Financial Information
Price per Square Foot$1,065.64
Price per Lot Square Foot$1,419.94
Special ConditionsStandard
Total Expenses$282,693
Professional Management Expense$16,791
Operating Expense$282,693
Insurance Expense$5,263
Electric Expense$5,967
Water Sewer Expense$3,131
Trash Expense$4,318
Maintenance Expense$30,464
Gross Operating Income$543,342
Gross Income$560,146
Gross Scheduled Income$560,146
Net Operating Income$260,649
Laundry Income$1,511
Tax Year2000
New Taxes Expense$195,512
Full Descriptions
Parcel Number4292027011
Detailed DescriptionSteps 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-alifetime 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 sq.ft building size (per profile) and situated on a ±11,260 sq.ft 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.
Lot Features36-40 Units / Acre, Level with Street
Community FeaturesBiking, Dog Park, Watersports, Urban
Flooring DescriptionLaminate, Wood
Water SourcePublic
Laundry FeaturesCommon Area, Community
Parking FeaturesAssigned
Sewer DescriptionPublic Sewer
Common Walls Description2
View DescriptionCoastline, Ocean, Panoramic, Peek-A-Boo, Water
Pool FeaturesNone
Property parameters
Year Built1922
Living Area (Sq.Ft.)15,005 ft2
Lot Size (Sq.Ft.)11,261
Lot Size (Acres)0.259
Lot Size SourceAssessor
Number of Buildings1
Number of Units Leased14
Number of Units Total20
ZoningSMR3
Stories Total3
Parking Spaces6
Garage Spaces6
LevelsThree Or More
Water SourcePublic
Units Total20
Year Built SourceAssessor
Laundry EquipmentLease
Vacancy Allowance Rate3%
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Units with Disposal20
Units with Refrigerator20
Listed withHandoko Chen (GIG Real Estate Inc.)