Price Reduction - Views - Seller Financing
Address
423 OCEAN Avenue Santa Monica, CA
Price
$ 13,600,000
Property Attributes
- MLS#19495800
- TypeIncome
- CountyLOS ANGELES
- CitySanta Monica
- AreaSanta Monica
- Zip90402
- Style
- Price$ 13,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3754
- Lot Size0.52 Acres
Listing Provided Courtesy Of:
Chase Simonton with Keller Williams-Santa Monica.
Property Description
SELLER FINANCING AVAILABLE. Please call listing agents for information.423 Ocean Ave is located on the cliffs of Santa Monica, with unblocked views of the Pacific Ocean and one of the most prestigious locations for commercial real estate and luxury condominiums. 423 Ocean is approved and fully entitled for 14 condominiums. The owner obtained both City Plan Check and Coastal Commission approval, a process that took over 10 years to achieve. Now it is a new investors opportunity to purchase and develop or rehab the existing 16 units. The existing 16 units are comprised of (4)2+1 townhouse-style units, (4) 2+1, and (8) 1+1. Buyer to verify the current unit mix.
| Price History | |
|---|---|
| 8/3/2019 | Listed $16,000,000 |
| 9/3/2019 | 7% - $14,900,000 |
| 10/22/2019 | 7% - $13,900,000 |
| 12/2/2019 | 3% - $13,600,000 |
General Features
| Co-Listing Agent Last Name | Flashman |
| Co-Listing Agent Last Name | Jason |
| Co-Listing Agent State License # | 01841976 |
| Co-listing Agent | Jason Flashman - BRE#01841976 |
| Directions | Ocean Ave, north of the California Incline |
| Listagentaor | Beverly Hills/Greater LA |
| Listing Agent | Chase Simonton - BRE#01766871 |
| Listing Agent State License | 01766871 |
| MLS Area | C14 - Santa Monica |
| Price Per Square Foot | 3622.80 |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Total Units | 16 |
| Zoning | SMR4* |
Interior Features
| Appliances | None |
| Cooling | None |
| Laundry Features | None |
| Total Stories | 3 |
Exterior Features
| Building Area Total | 3754.00 |
| Lot Size Acres | 0.5157 |
| Lot Size Area | 22464.0000 |
| Lot Size Square Feet | 22464.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 3 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90402
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of December 12, 2019 4:49 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The data relating to real estate for sale on this web site comes in whole or in part from the Victor Valley Internet Data Exchange program of the Victor Valley Multiple Listing Service. Information being provided is for consumer’s person, ie, non-commercial use and may NOT be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
