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- LoopNet Team
927 Ocean Ave
Santa Monica, CA 90403
15/16 VACANT! Seller Will Carry up to 75%! · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Rare Asset on Prestigious Ocean Avenue
- Mills Act Approved (Reduced Property Taxes)
- Renderings of Potential Renovations are Available
- 15 out of 16 units VACANT!
- A+ Santa Monica Location
- SELLER WILL ENTERTAIN CARRYING FINANCING UP TO 75%
PROPERTY FACTS
| No. Units | 16 | Building Size | 7,876 SF |
| Property Type | Multifamily | Average Occupancy | 6% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | C | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | SMR3 - Five Or More Units Or Apartments | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,876 SF |
| Average Occupancy | 6% |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | SMR3 - Five Or More Units Or Apartments |
ABOUT 927 OCEAN AVE , SANTA MONICA, CA 90403
HUGE PRICE REDUCTION!!! SELLER WILL ENTERTAIN CARRYING FINANCING UP TO 75%!!! Jonathan Taksa of Taksa Investment Group is pleased to present 927 Ocean Avenue, a 16 unit property ideally located directly across the street from the Ocean. The investment represents one of the most unique offerings ever available for sale in Santa Monica. The property is Mills Act approved and renderings of potential renovations are available. 927 Ocean Avenue is walking distance to Montana Avenue, 3rd Street Promenade, and many high end dining & entertainment venues.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | $1,952 | - |
| 1+1 | 2 | $4,250 | - |
PROPERTY TAXES
| Parcel Number | 4292-026-018 | Improvements Assessment | $1,101,600 |
| Land Assessment | $1,837,020 | Total Assessment | $2,938,620 |
PROPERTY TAXES
