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Multifamily Property with Three Buildings
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1044 3rd St, Santa Monica, CA 90403

The property carries SMR3 zoning and includes an existing healthcare facility.

Property SizeContact for details
Days on Market144

Property Features for 1044 3rd St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: RE/MAX One
Listed By: Chase Simonton · License #CA 01766871
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 6:15AM

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 RE/MAX One

Investment Insights

Based on property information with market context.

Located at 1044 3rd St in Santa Monica, this multifamily property comprises three separate buildings with a combined 28 bedrooms and 14 bathrooms. The improvements currently operate as a healthcare facility and are occupied at present, with delivery planned in vacant condition.

The property occupies a 15,025-square-foot double lot and is designated SMR3. The zoning and site configuration may support future condominium development, subject to confirmation of applicable regulations, restrictions, and development requirements. Property tours must be arranged with the listing agents in advance.

Key Highlights

  • Three‑building multifamily property with 28 bedrooms and 14 bathrooms
  • 15,025‑square‑foot double lot at 1044 3rd St, Santa Monica, CA 90403
  • SMR3 zoning supports evaluation of future development options

Property Analytics

Current Use

Ocean View Manor Hotel & Motel

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Restaurant Mobile Phone Store

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

Location Intelligence

Trade Area within ½ mile

6,942
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?
Multifamily property - The property carries SMR3 zoning and includes an existing healthcare facility.
Where is this multifamily property located?
The property is located at 1044 3rd St Santa Monica, CA.
What are key features of this property?
This property features: Three‑building multifamily property with 28 bedrooms and 14 bathrooms; 15,025‑square‑foot double lot at 1044 3rd St, Santa Monica, CA 90403; SMR3 zoning supports evaluation of future development options
(818) 366-3300 Call to check price and availability
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