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

Santa Monica, CA, 90402
$ 8,500,000
Baths0.0

Monthly Estimate*

$ 56,494

Listed by eXp Realty of California, Inc
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View a Virtual Tour
Studio

Lots and Land for sale in Santa Monica, CA

for $8,500,000. The lot size is 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. 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 29 375 SF suites, including 26 with balconies and ocean views. 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, 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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Lots and Land Active

Price

$ 8,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

MultiFamily,Residential

Lot Size

0.2574

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

SB23083585

Days on Market

401
Features
General
Sewer PublicSewer
Zoning SMR4*
HOA 0.0
View Ocean
Current Use MultiFamily Residential
Waterfront Features AcrosstheRoadfromLakeOcean OceanFront
Community Features StreetLights Sidewalks
County Los Angeles
New Construction N
Property Type Land
HOA / Comm Assn N
Attached Garage N
Possible Use Investment MultiFamily Residential
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Ocean Ave between Georgina Ave and Marguerita Ave
City Santa Monica
View Y/N Y
Senior Community Y/N Y
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
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 344
Standard Status Active
Tax Lot 22
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Exterior
Water Source Public
Lot Size Area 11212.0
Spa N
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
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
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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
100%
0%
0%
Monthly Principal & Interest
$56,494
Monthly Property Taxes
--
Monthly Home Insurance
--
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
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
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 Lots and Land for sale at $8,500,000 with a lot size of 0.2574. 413 Ocean Avenue is a studio with 0.0 baths. The property's zip code is 90402 which is in Santa Monica, CA

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