Skip To Content
    Return to Previous Page

    927 Ocean Ave

    Santa Monica, CA 90403
    • $9,495,000
    • STATUS: Active
    • ON SITE: 308 days
    • ID#: 19-530876
    UPDATED: 35 min ago
    $9,495,000
    • 2
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,876
      SQFT
    • $1,206
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:
    Area:

    School Ratings & Info

    Description

    HUGE PRICE REDUCTION! SELLER WILL ENTERTAIN CARRYING FINANCING UP TO 75%. 927 Ocean Avenue is a 16 unit property ideally located directly across the street from the Ocean in Santa Monica.. The investment represents one of the most unique offerings ever available for sale in Santa Monica, as 15 out of 16 units are VACANT! The property is Mills Act approved and renderings of potential renovations are available. 927 Ocean Avenue is walking distance to Montana Avenue, 3rd Street Promenade, and many high end dining & entertainment venues.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T11:42:58.843. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/101123170
    Print Image

    927 Ocean Ave Santa Monica, CA 90403

    • Price: $9,495,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 19-530876
    2
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,876
    SQFT
    $1,206
    $/SQFT
    1922
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    HUGE PRICE REDUCTION! SELLER WILL ENTERTAIN CARRYING FINANCING UP TO 75%. 927 Ocean Avenue is a 16 unit property ideally located directly across the street from the Ocean in Santa Monica.. The investment represents one of the most unique offerings ever available for sale in Santa Monica, as 15 out of 16 units are VACANT! The property is Mills Act approved and renderings of potential renovations are available. 927 Ocean Avenue is walking distance to Montana Avenue, 3rd Street Promenade, and many high end dining & entertainment venues.
    Exterior Features

    Lot Size Area 7509 Other Structures Other Parking Garage Garage Total Parking 5

    Interior Features

    Baths Total 16.00 Cooling Other Equipment Other Heating Wall

    Property Features

    Gross Income 616837 Gross Operating Income 598832 Like Units1 14 Like Units2 2 Net Operating Income 455978.00 Number Of Buildings 1 Number Of Units 16 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 142354 Type Of Units S1S Year Built Source Assessor Zoning Smr3*

    Listing provided courtesy of Jonathan Taksa DRE#01366169 of Remax Commercial And Investment Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T11:42:58.843. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_19-530876-3.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_19-530876-3.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_19-530876-3.jpg
    Logo
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377