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
Baths0.0

Monthly Estimate*

$ 55,875

Listed by eXp Realty of California, Inc
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Studio

Lots and Land for sale in Santa Monica, CA

for $7,999,000. The lot size is 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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Lots and Land Active

Price

$ 7,999,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Lot Size

0.2584

Town/City

Santa Monica

County/Region

Los Angeles

MLS | Web ID

SB23083610

Days on Market

356

Features
General
Sewer PublicSewer
Zoning SMR3*
HOA 0.0
View Ocean
Waterfront Features AcrosstheRoadfromLakeOcean OceanFront
Community Features Park StreetLights Sidewalks
County Los Angeles
New Construction N
Property Type Land
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
View Y/N Y
Senior Community Y/N N
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 217
Standard Status Active
Tax Lot T
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Exterior
Water Source Public
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
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
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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
100%
0%
0%
Monthly Principal & Interest
$55,875
Monthly Property Taxes
--
Monthly Home Insurance
--
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 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 Lots and Land for sale at $7,999,000 with a lot size of 0.2584. 825 Ocean Avenue is a studio with 0.0 baths. The property's zip code is 90403 which is in Santa Monica, CA