901 Ocean Ave, Santa Monica, CA

Name: 901 Ocean Ave, For Sale in Santa Monica - eXp Realty
Brand: CB Richard Ellis, Inc.
SKU: 26660407
Price: 27500000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$27,500,000

383833

MLS® 26660407

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 30954 sqft

Garage No

HOA Fees $35,000

Taxes

Days Active 0

Approx. Age 1961

Avg. Price Per Sqft $888

MLS® Number 26660407

Property Address: 901 Ocean Ave, Santa Monica, CA, 90403-2420

Average square foot calculated using Size range provided by listing agent.

Description

COURT ORDERED RECEIVERSHIP SALE | On behalf of Douglas P. Wilson, Court Appointed Receiver, CBRE is pleased to exclusively present Ocean Santa Monica Apartments, a generational opportunity to acquire a coastal bluff asset along one of the most tightly held stretches of Ocean Avenue in Santa Monica. Positioned between Montana Avenue and Wilshire Boulevard, 901 Ocean Avenue commands sweeping Pacific Ocean and Santa Monica Mountain views from the majority of the units, with all west-facing residences enjoying full, unobstructed ocean exposure and numerous additional units capturing direct water views. Ocean Avenue north of Wilshire is defined by long-term ownership and limited multifamily inventory. Apartment assets along this corridor rarely trade, reinforcing the enduring scarcity of the location. Situated on an expansive 15, 011 square foot double lot and encompassing approximately 30, 954 square feet of improvements, the scale, frontage, and bluff-top positioning create a coastal offering that is increasingly difficult to replicate under today's regulatory and development constraints. Originally constructed in 1961 and 1970 and comprehensively renovated in 2015, 2021, and 2022, the 28-unit property features 18 one-bedroom/one-bathroom units and 10 two-bedroom/two-bathroom units. The residences are notably spacious relative to newer coastal product, allowing flexibility for continued interior enhancement at a higher finish level. Most units offer ocean views, and most residences include more than one private balcony, providing meaningful outdoor space that is highly valued by Santa Monica renters. The building has been carefully maintained, including updated electrical systems and copper plumbing. Common area laundry rooms are located on each floor and are currently not operated for additional income. One unit is equipped with in-unit laundry, and a future owner may consider a coordinated upgrade program incorporating in-unit washer and dryer installations alongside further interior refinements to strengthen positioning within the submarket. The property is supported by controlled access entry, gated garage parking with 33 spaces, a rooftop ocean-view deck, pool and common gathering areas, elevator service, and a glass-enclosed entry sitting room that creates a strong first impression upon arrival. These features, combined with the property's scale and ocean frontage, support durable tenant demand and long-term stability.

MLS® Number26660407

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCommon Area

Exposure

Exterior

GarageNo

Approx. Age1961

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 5, 2026List Date

$27,500,000List Price

Commute

Commute

Starting Address

Destination Address

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