901 Ocean AVE, Santa Monica, CA 90403
901 Ocean AVE, Santa Monica, CA 90403
901 Ocean AVE, Santa Monica, CA 90403
28
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$27,500,000
Est. payment /mo
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38 Beds
38 Baths
30,954 SqFt
Active

901 Ocean AVE Santa Monica, CA 90403

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OB Juncal

OB Juncal

+1(760) 994-2404

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 30,954 sqft

Price per Sqft $888

MLS Listing ID 26660407

Bedrooms 38

HOA Y/N No

Year Built 1961

Lot Size 0.345 Acres

Property Description

CALL FOR OFFERS | DUE WEDNESDAY, APRIL 8, 2026, BY 5PM | 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.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR3*

Interior

Flooring Bamboo, Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Barbecue, Dishwasher, Microwave, Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned, Controlled Entrance, Covered, Gated

Pool Fenced

Waterfront Description Beach Front,Ocean Front

View Y/N Yes

View Coastline, Courtyard, Ocean

Roof Type Flat Tile

Total Parking Spaces 33

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4292026024

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Priscilla Nee CB Richard Ellis, Inc. #01435254

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OB Juncal

OB Juncal

Broker | License ID: 01484096

+1(760) 994-2404

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901 Ocean AVE