423 Ocean Avenue Unit #1, Santa Monica, CA 90402

$13,900,000
28
BD
18
BA
3,754
SqFt
List Price
$13,900,000
Price Change
▼ $1,000,000 1571797148
Status
Active
MLS#
19495800
Year Built
1936
Bedrooms
28
Bathrooms
18
Living Sq. Ft
3,754
Lot Size
22,464
Days on Market
107
Property Type
Multifamily

Property Description

SELLER FINANCING AVAILABLE. Please call listing agents for information.423 Ocean Ave is located on the cliffs of Santa Monica, with unblocked views of the Pacific Ocean and one of the most prestigious locations for commercial real estate and luxury condominiums. 423 Ocean is approved and fully entitled for 14 condominiums. The owner obtained both City Plan Check and Coastal Commission approval, a process that took over 10 years to achieve. Now it is a new investors opportunity to purchase and develop this exquisite site and lease up or sell the condos individually. Condominiums North of Wilshire have sold for over $1,500 per square foot. Due to this exclusive location on Ocean Ave, newly constructed condos with ocean views will command in excess of $1,800/sf. Please call or email the listing agents for a marketing package that include drawings and floor plans.

Additional Information

Appliances
None
Heat
None
Cooling
None
View
Parking
Gated Underground Parking

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Keller Williams-Santa Monica, Chase Simonton - CA DRE#01766871

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