Downtown Santa Monica Apartment
For Sale
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1045 Ocean Ave, Santa Monica, CA 90403
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 Market131
Property Features for 1045 Ocean Ave
General Information
Standard status
Active
Size
15,005 SF
Total Parking Spaces
6
Lot size
0.26 Acres
Property subtype
Multifamily
Zoning
R3
Additional Details
Highway Access
Yes
Multifamily Units
20
Amenities
shared laundry room
Building Details
Year Built
1922
Stories
3
Tenancy
Multi
Listing Agency:
Growth Investment Group
(626) 224-2495
Listed By:
Handoko Chen · License #01749321
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 4:08PM
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 Growth Investment Group
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
Property Profile
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,942
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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)
