$8,500,000 $45,630 est/mo Sourced by Back At You

413 Ocean Avenue,Santa Monica, CA 90402

Santa Monica CA, 90402

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Description

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.

Details

MLS#SB23080738
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusPending
Year1959
Days On Site334
Listing Provided ByeXp Realty of California, Inc 310-798-1277 | Edward Kaminsky

Features

Bed(s)29
Bath(s) 24 Total
SQ Feet13,052
Story(s)2
Units1
ZoningSMR4*
Acreage0.26
Water FrontYes
Property ViewYes

Market Activity 90402

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CitySanta Monica
Zip Code90402
AreaC14 Santa Monica
Listing VS Median (in 90402)
Price:
$8,500,000
low | high
Med:
$1,175,000
100% of Average
SqFt:
13,052
low | high
Med:
906
100% of Average
$ / SqFt:
$651
low | high
Med:
$1,297
49.144266978314% of Average
On Site:
334
low | high
Med:
118.000000
100% of Average
Sourced by Back At You
Listing Updated: March 6, 2024 at 12:55:20 PM PST
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