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Two-Story Apartment Building
For Sale
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Pending

825 Ocean Ave, Santa Monica, CA 90403

Two-story multifamily community with 20 units, including renovated second-floor penthouse units with Pacific Ocean views.

Property Size6,593 SF
Days on Market125

Property Features for 825 Ocean Ave

General Information

Standard status Pending
Size 6,593 SF
Property subtype Land

Additional Details

Multifamily Units 20

Building Details

Stories 2
Tenancy Multi
Listing Agency: Westpac Partners
Listed By: Mike Grannis · License #CA 01393628
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 12 at 9:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Westpac Partners

Investment Insights

Based on property information with market context.

825 Ocean Ave is a two-story, 6,593 SF apartment community currently operating with 20 units. The property includes three second-floor, 450 SF penthouse units that were renovated from 2020–2021 and feature views of the Pacific Ocean. Upon close of escrow, the community will be delivered vacant.

825 Ocean Ave can be purchased alone or together with 413 Ocean Ave, as described in the offering memorandum. This listing is for the standalone property at 825 Ocean Ave unless otherwise structured through the combined offering.

The existing unit mix includes the three renovated penthouse units on the second floor and additional units within the two-story building configuration.

Key Highlights

  • Two‑story 6,593 SF multifamily community with 20 units at 825 Ocean Ave
  • Includes three second‑floor 450 SF penthouse units
  • Penthouse units renovated from 2020–2021

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Veterinary Clinic Butcher Tattoo & Piercing Shop Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,052
Businesses Nearby

Demographics for 90403, CA

25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story multifamily community with 20 units, including renovated second-floor penthouse units with Pacific Ocean views.
Where is this apartment building located?
The property is located at 825 Ocean Ave Santa Monica, CA.
What are key features of this property?
This property features: Two‑story 6,593 SF multifamily community with 20 units at 825 Ocean Ave; Includes three second‑floor 450 SF penthouse units; Penthouse units renovated from 2020–2021
(310) 567-1650 Call to check price and availability
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