$7,999,000 $42,940 est/mo Sourced by Back At You

825 Ocean Avenue,Santa Monica, CA 90403

Santa Monica CA, 90403

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Description

Breathtakingly located on a bluff overlooking the sparkling Pacific Ocean, 825 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 11,257 SF lot with SMR3 zoning currently houses a 2-story, 6,593 SF structure previously utilized as an assisted living community. Built in 1951, this structure includes 20 individual suites, including 3 450 SF, ocean-view penthouse units renovated in 2020/2021. With tremendous view potential and a truly iconic location within easy walking distance of world-renowned shopping, dining & nightlife, 825 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 (11,202 SF) and opportunity is available just 4 blocks north at 413 Ocean Avenue. Take a look at both before deciding which of these bluff top beauties speaks to you the most.

Details

MLS#SB23080737
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1951
Days On Site341
Listing Provided ByeXp Realty of California, Inc 310-798-1277 | Edward Kaminsky

Features

Bed(s)20
Bath(s) 20 Total
SQ Feet6,593
Story(s)2
Units1
ZoningSMR3*
Acreage0.26
Water FrontYes
Property ViewYes

Market Activity 90403

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 Code90403
AreaC14 Santa Monica
Listing VS Median (in 90403)
Price:
$7,999,000
low | high
Med:
$809,000
100% of Average
SqFt:
6,593
low | high
Med:
784
100% of Average
$ / SqFt:
$1,213
low | high
Med:
$1,042
64.125625049038% of Average
On Site:
341
low | high
Med:
27.500000
100% of Average
Sourced by Back At You
Listing Updated: April 16, 2024 at 2:54:16 PM PDT
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