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423 OCEAN AVE #1 Santa Monica, CA 90402
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Key Details
Sold Price $13,000,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,754 sqft
Price per Sqft $3,462
MLS Listing ID 19-495800
Sold Date 03/10/20
Bedrooms 28
Year Built 1936
Lot Size 0.516 Acres
Property Description
SELLER FINANCING AVAILABLE. Please call listing agents for information.423 Ocean Ave is located on the cliffs of Santa Monica, with unblocked views of the Pacific Ocean and one of the most prestigious locations for commercial real estate and luxury condominiums. 423 Ocean is approved and fully entitled for 14 condominiums. The owner obtained both City Plan Check and Coastal Commission approval, a process that took over 10 years to achieve. Now it is a new investors opportunity to purchase and develop or rehab the existing 16 units. The existing 16 units are comprised of (4)2+1 townhouse-style units, (4) 2+1, and (8) 1+1. Buyer to verify the current unit mix.
Location
State CA
County Los Angeles
Area Santa Monica
Zoning SMR4*
Rooms
Other Rooms None
Dining Room 0
Interior
Heating None
Cooling None
Equipment None
Exterior
Parking Features Gated Underground
Garage Spaces 31.0
Building
Story 3
Others
Special Listing Condition Standard
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The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with KW Advisors
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