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    927 Ocean Avenue

    Santa Monica, CA 90403
    • $9,495,000
    • STATUS: Active
    • ON SITE: 316 days
    • ID#: 19530876
    UPDATED: 43 min ago
    $9,495,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    HUGE PRICE REDUCTION! SELLER WILL ENTERTAIN CARRYING FINANCING UP TO 75%. 927 Ocean Avenue is a 16 unit property ideally located directly across the street from the Ocean in Santa Monica.. The investment represents one of the most unique offerings ever available for sale in Santa Monica, as 15 out of 16 units are VACANT! 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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-01T16:34:48.07. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/101122254
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    927 Ocean Avenue Santa Monica, CA 90403

    • Price: $9,495,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 19530876
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1922
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    HUGE PRICE REDUCTION! SELLER WILL ENTERTAIN CARRYING FINANCING UP TO 75%. 927 Ocean Avenue is a 16 unit property ideally located directly across the street from the Ocean in Santa Monica.. The investment represents one of the most unique offerings ever available for sale in Santa Monica, as 15 out of 16 units are VACANT! 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.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Gross Income 616837.00 Gross Multiplier 15.39 Gross Operating Income 598832.00 Net Operating Income 455978.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 142354.00 Zoning Smr3*

    Listing provided courtesy of Jonathan Taksa of Remax Commercial And Investment Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-01T16:34:48.07. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
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    The Costantino Group | Cal American Homes and Realty
    405 West Foothill Blvd Suite 203
    Claremont CA, 91711