825 Ocean Avenue Santa Monica, CA $ 7,999,000
825 Ocean Avenue
$ 7,999,000
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825 Ocean Avenue

Santa Monica, CA, 90403
$ 7,999,000
Bedrooms20 Baths20.0 Sq 6,593

Monthly Estimate*

$ 55,875

Listed by eXp Realty of California, Inc
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Commercial Property for sale in Santa Monica, CA

for $7,999,000 with 20 bedrooms and 20 full baths. This 6,593 square foot building was built in 1951 on a lot size of 0.2584.

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.

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Commercial Active

Price

$ 7,999,000

Bedrooms

20

Full Bath

20

Property Type

Commercial

Taxes

$ 0

Style

MixedUse

Lot Size

0.2584

Year Built

1951

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

SB23080737

Days on Market

356

Features
General
Interior Features BedroomonMainLevel
Sewer PublicSewer
Heating WallFurnace
Cooling None
Possession CloseOfEscrow
Zoning SMR3*
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1951
View Ocean
Stories 2
Levels Two
Property SubType MixedUse
Waterfront Features AcrosstheRoadfromLakeOcean OceanFront
Community Features StreetLights Sidewalks
County Los Angeles
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Ocean Ave between Montana Ave and Idaho Ave
City Santa Monica
Entry Location Front of Building
View Y/N Y
Senior Community Y/N N
High School District Santa Monica-Malibu Unified
Total Units 1
MLS Area C14 - Santa Monica
Lot Size Square Feet 11257.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Ocean
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
Days on Market 218
Structure Type MixedUse
Standard Status Active
Occupancy Description Vacant
Year Built Source Assessor
Tax Lot T
Property Sub Type Additional MixedUse
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Exterior
Parking Features None
Water Source Public
Total Parking 0.0
Lot Size Area 11257.0
Spa N
Lot Size Acres 0.2584
Lot Size Units SquareFeet
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
Fireplace Features None
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 20
Street Suffix Avenue
Laundry Features WasherHookup ElectricDryerHookup
Total Bedrooms 20
Entry Level 1
Electric On Property Y/N N
Main Level Bedrooms 20
Main Level Bathrooms 20
Total Baths 20
Living Area Units SquareFeet
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Internal Only
Street Number 1 825
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* Excluded Features
List By
Exp Realty Of California, Inc

Broker

(310) 798-1277

Phone

Affordability Calculator

$55,875
Per Month
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Monthly Principal & Interest
$55,875
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Default based on a 30-year fixed rate of 7.49% 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
4339051 Elementary School
4338635 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2023$7,999,000 -11.12% Price Down
5/16/2023$9,000,000 Listed Price

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825 Ocean Avenue, Santa Monica, CA, 90403 is a Commercial Property for sale at $7,999,000 with 6,593 sqft and a lot size of 0.2584. 825 Ocean Avenue has 20 bedrooms, 20.0 baths, and was built in 1951. The property's zip code is 90403 which is in Santa Monica, CA