927 Ocean Ave | Santa Monica, CA 90403
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- LoopNet Team
927 Ocean Ave
Santa Monica, CA 90403
Beach-Accessible 16-Unit MFR w/ Entitlements · Multifamily Property For Sale
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16 Units
INVESTMENT HIGHLIGHTS
- RSVP & Confirm Tours - Open House will be available on 6/6, 6/13, 6/20 from 11 AM -2 PM. Final Open House on 6/24.
- Prime Silicon Beach locale with a highly affluent and demanding renter pool, approximately 17 miles west of Los Angeles.
- Substantial value-add via execution and delivery of additional units and bringing rents up to market value.
- 927 Ocean Avenue is a 16-unit multifamily asset with a historic designation currently entitled to four additional units.
- Rare opportunity in an oceanfront Santa Monica locale with entitlements supporting the rehabilitation of a local landmark into 20 units.
- One legacy tenant occupies a unit, generating income for new ownership while pursuing value-add rehabilitation.
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 |
PROPERTY TAXES
| Parcel Number | 4292-026-018 | Improvements Assessment | $1,101,600 |
| Land Assessment | $1,837,020 | Total Assessment | $2,938,620 |
PROPERTY TAXES
Parcel Number
4292-026-018
Land Assessment
$1,837,020
Improvements Assessment
$1,101,600
Total Assessment
$2,938,620
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