Downtown Santa Monica Apartment
1045 Ocean Ave Santa Monica, CA 90403
1045 Ocean Ave, Santa Monica, CA, 90403
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For Sale
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20-unit, 2½-story apartment building with shared laundry and 6 back garage parking spaces.
Property Size15,005 SF
Lot Size0.26 Acres
Days on Market103
Property Features for 1045 Ocean Ave
General Information
- Standard status
- Active
- Size
- 15,005 SF
- Lot size
- 0.26 Acres
- Property subtype
- Multifamily
Listing agency
Growth Investment Group
(626) 224-2495
Listed by
Handoko Chen · License #01749321
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 4:08PM Checked: Jul 22 at 4:08PM
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Investment Insights
Based on property information with market context.
1045 Ocean Ave is a 2½-story apartment building originally built in 1922, consisting of 20 units (assessor shows 21). The unit mix includes four 2-bedroom units with 1 bathroom, one 2-bedroom unit with 2 bathrooms, seven 1-bedroom units, seven studio units, and one 1-bedroom penthouse unit.
The property is located on Ocean Ave between California Ave and Washington Ave, within walking distance of Third Street Promenade and amenities in Downtown Santa Monica, and across from Palisades Park. Parking is provided by 6 garage spaces in the back with alley access, with 4 assigned to tenants and 2 available.
1045 Ocean Ave is master metered for electricity, gas, and water. The building has a shared laundry room and is under the Santa Monica Rent Stabilization Ordinance. Eight of 20 units are vacant and will be delivered vacant at close of escrow.
The property is located on Ocean Ave between California Ave and Washington Ave, within walking distance of Third Street Promenade and amenities in Downtown Santa Monica, and across from Palisades Park. Parking is provided by 6 garage spaces in the back with alley access, with 4 assigned to tenants and 2 available.
1045 Ocean Ave is master metered for electricity, gas, and water. The building has a shared laundry room and is under the Santa Monica Rent Stabilization Ordinance. Eight of 20 units are vacant and will be delivered vacant at close of escrow.
Key Highlights
- 20‑unit apartment building in Downtown Santa Monica on Ocean Ave between California Ave and Washington Ave
- Building size is approximately 15,005 SF on an 11,260 SF R3 lot; built in 1922 and configured as a 2‑1/2 story property
- Unit mix: seven studios, seven 1BD/1BA, four 2BD/1BA, one 2BD/2BA, and one penthouse 1BD/1BA (assessor shows 21 units)
Property Analytics
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Dog Walker
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FAQs
What type of property is this?
Apartment building - 20-unit, 2½-story apartment building with shared laundry and 6 back garage parking spaces.
Where is this apartment building located?
The property is located at 1045 Ocean Ave Santa Monica, CA.
What are key features of this property?
This property features: 20‑unit apartment building in Downtown Santa Monica on Ocean Ave between California Ave and Washington Ave; Building size is approximately 15,005 SF on an 11,260 SF R3 lot; built in 1922 and configured as a 2‑1/2 story property; Unit mix: seven studios, seven 1BD/1BA, four 2BD/1BA, one 2BD/2BA, and one penthouse 1BD/1BA (assessor shows 21 units)