413 Ocean Avenue Santa Monica, CA $ 8,500,000
413 Ocean Avenue
$ 8,500,000
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413 Ocean Avenue

Santa Monica, CA, 90402
$ 8,500,000
Bedrooms29 Baths24.0 Sq 13,052

Monthly Estimate*

$ 56,494

Listed by eXp Realty of California, Inc
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Commercial Property for sale in Santa Monica, CA

for $8,500,000 with 29 bedrooms and 24 full baths. This 13,052 square foot building was built in 1959 on a lot size of 0.2574.

Breathtakingly located on a bluff overlooking the sparkling Pacific Ocean, 413 Ocean Avenue is an unprecedented opportunity to build your coastal dream estate (pending city approval) on Santa Monica’s prestigious Ocean Avenue. One of Los Angeles, California most Iconic locations. No one comes to LA without driving past this infamous stretch of the coast. This 11,202 SF lot with SMR4 zoning currently houses a 2-story, 13,052 SF structure previously utilized as an assisted living community. Built in 1959, this structure includes 29 individual suites, including 26 with balconies and ocean views, which is no longer operational. With tremendous view potential and a truly iconic location within easy walking distance of world-renowned shopping, dining & nightlife, 413 Ocean Avenue is the blank canvas your dreams have been waiting for. Whether your goals include multi-family redevelopment, a luxury condo development, land banking or a future dream home, this Santa Monica gem is the answer. Note: believe it or not, a second ocean-view property of similar size (11,257 SF) and opportunity is available just 4 blocks south at 825 Ocean Avenue. Take a look at both before deciding which of these bluff top beauties speaks to you the most.

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Commercial Active

Price

$ 8,500,000

Bedrooms

29

Full Bath

24

Property Type

Commercial

Taxes

$ 0

Style

MixedUse

Lot Size

0.2574

Year Built

1959

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

SB23080738

Days on Market

392

Features
General
Interior Features BedroomonMainLevel
Sewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Possession CloseOfEscrow
Appliances Dryer
Zoning SMR4*
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1959
View Ocean
Stories 2
Levels Two
Property SubType MixedUse
Waterfront Features AcrosstheRoadfromLakeOcean OceanFront
Community Features StreetLights Sidewalks
County Los Angeles
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Ocean Ave between Georgina and Marguerita
City Santa Monica
Entry Location Front of building
View Y/N Y
Senior Community Y/N N
High School District Santa Monica-Malibu Unified
NumberOfUnitsTotal 1
MLS Area C14 - Santa Monica
Lot Size Units SquareFeet
Lot Size Square Feet 11212.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Ocean
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.zillow.com/view-imx/865a81a1-2e3f-44b1-9f87-72fe283116c7?wl=true&setAttribution=mls
Days on Market 345
Structure Type MixedUse
Living Area Units SquareFeet
Standard Status Active
Occupancy Type Vacant
Year Built Source Assessor
Tax Lot 22
Property Sub Type Additional MixedUse
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Exterior
Parking Features None
Water Source Public
Total Parking 0.0
Lot Size Area 11212.0
Spa N
Street Suffix Avenue
Lot Size Acres 0.2574
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 24
Laundry Features WasherHookup
Total Bedrooms 29
Entry Level 1
Electric On Property Y/N N
Main Level Bedrooms 29
Main Level Bathrooms 29
Total Baths 24
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Internal Only
Street Number 1 413
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* Excluded Features
List By
Exp Realty Of California, Inc

Broker

(310) 798-1277

Phone

Affordability Calculator

$56,494
Per Month
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Monthly Principal & Interest
$56,494
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4339051 Elementary School
4338635 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2023$8,500,000 -19.05% Price Down
5/16/2023$10,500,000 Listed Price

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413 Ocean Avenue, Santa Monica, CA, 90402 is a Commercial Property for sale at $8,500,000 with 13,052 sqft and a lot size of 0.2574. 413 Ocean Avenue has 29 bedrooms, 24.0 baths, and was built in 1959. The property's zip code is 90402 which is in Santa Monica, CA