825 Ocean Avenue, Santa Monica CA, 90403
(Active)
$7,999,000
|
20 beds, 20 Full baths, 6,593 sqft
|
MLS# SB23080737
Last Updated: 5/8/2024 10:35 AM
Description for
825 Ocean Avenue
Santa Monica, CA 90403
Breathtakingly located on a bluff overlooking the sparkling Pacific Ocean, 825 Ocean Avenue is an unprecedented opportunity to build your coastal dream estate (pending city approval) on Santa Monicas prestigious Ocean Avenue. One of Los Angeles, California most Iconic locations. No one comes to LA without driving past this infamous stretch of the coast.This 11,257 SF lot with SMR3 zoning currently houses a 2-story, 6,593 SF structure previously utilized as an assisted living community. Built in 1951, this structure includes 20 individual suites, including 3 450 SF, ocean-view penthouse units renovated in 2020/2021.With tremendous view potential and a truly iconic location within easy walking distance of world-renowned shopping, dining & nightlife, 825 Ocean Avenue is the blank canvas your dreams have been waiting for. Whether your goals include multi-family redevelopment, a luxury condo development, land banking or a future dream home, this Santa Monica gem is the answer.Note: believe it or not, a second ocean-view property of similar size (11,202 SF) and opportunity is available just 4 blocks north at 413 Ocean Avenue. Take a look at both before deciding which of these bluff top beauties speaks to you the most.
Price
$7,999,000
Los Angeles
20
20 Full
6,593 (approx)
SB23080737
Active
Description
Breathtakingly located on a bluff overlooking the sparkling Pacific Ocean, 825 Ocean Avenue is an unprecedented opportunity to build your coastal dream estate (pending city approval) on Santa Monicas prestigious Ocean Avenue. One of Los Angeles, California most Iconic locations. No one comes to LA without driving past this infamous stretch of the coast.This 11,257 SF lot with SMR3 zoning currently houses a 2-story, 6,593 SF structure previously utilized as an assisted living community. Built in 1951, this structure includes 20 individual suites, including 3 450 SF, ocean-view penthouse units renovated in 2020/2021.With tremendous view potential and a truly iconic location within easy walking distance of world-renowned shopping, dining & nightlife, 825 Ocean Avenue is the blank canvas your dreams have been waiting for. Whether your goals include multi-family redevelopment, a luxury condo development, land banking or a future dream home, this Santa Monica gem is the answer.Note: believe it or not, a second ocean-view property of similar size (11,202 SF) and opportunity is available just 4 blocks north at 413 Ocean Avenue. Take a look at both before deciding which of these bluff top beauties speaks to you the most.
Listing Information
| Property Type: Single Family, Mixed Use, 2 Story | ||
| 20 | 20 Full | |
| 0.26 Acres | Assessor | 6,593 (approx) |
| 1951 | 2 | |
Public
Public Sewer
Neighborhood
School Information
| District: Santa Monica-Malibu Unified | ||
Room Information
| Bathrooms: Main Level: 20 | |||
| 20 | |||
Main Level: 20, Total: 20
Washer Hookup,Electric Dryer Hookup
Interior Features
None
Other,
Wall Furnace
No Common Walls
Front of Building
None
Bedroom on Main Level
Exterior / Lot Features
0 Covered Parking Spaces,
None
None
Ocean
SMR3*
Driving Directions
Ocean Ave between Montana Ave and Idaho Ave
Financial Considerations
| 4292025013 |
Cash,Cash to New Loan
Listing Price History
Santa Monica Real Estate
Santa Monica is located in California. Santa Monica, California 90403 has a population of 92,581.
The median household income in Santa Monica, California 90403 is $114,848. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Santa Monica 90403 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/16/2024 | Active | $7,999,000 USD |
|
| 3/6/2024 | Pending | $7,999,000 USD |
|
| 9/7/2023 | Active | $7,999,000 USD -11.12% |
|
| 6/15/2023 | Pending | $9,000,000 USD |
|
| 5/16/2023 | Active | $9,000,000 USD |
|