Pending

901 Ocean Avenue

Santa Monica, CA 90403
Mark as Favorite
Bed 38

Bed

Bath 0

Bath

SqFt30,954

Sqft

SqFt15,011

Sqft(Lot)

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 corrido r 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $27,500,000

AD Id : 75888329

MLS Id : 26660407

Beds : 38

Lot Size : 15,011 Sqft

Living Area Size : 30,954

Year Built : 1961

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 38

    Bathroom Information

    Total Baths: 38 Full Baths: 0 Half Baths: 0
  • Interior Features

    Roof: Flat Tile Property Appliances: Barbecue,Dishwasher,Microwave,Range,Refrigerator Fireplace: None Flooring: Bamboo,Tile,Wood
  • Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1961 Building Area Total: 30,954 Construction: Frame,Stucco,Wood Siding Roof: Flat Tile
  • Pool Features

    Fenced

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3446
  • Lot Size Source: Assessor Lot Size Square Feet: 15011

  • Listing Price Information

    Original List Price: 27,500,000 Listing Contract Date: 2026-03-05
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 4292026024

  • Garage and Parking

    Garage Description: Assigned,Controlled Entrance,Covered,Gated

    Homeowners Association

  • Other Property Info

    Source Listing Status: Pending Source Neighborhood: C14 - Santa Monica Directions: Ocean Avenue between Montana Avenue and Wilshire Boulevard Zoning: SMR3* Source Property Type: Residential Income Area: C14 - Santa Monica
  • Building and Construction

    Property Age: 65 Year Built Source: Assessor Total Square Feet Living: 30954 Entry Location: Ground Level w/steps Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1015 Franklin Street, Santa Monica, CA, 90403 $9,995,000 5 7 10,487 10,487 SqFt
2825 Washington Avenue, Santa Monica, CA, 90403 $3,395,000 3 2 1,511 1,511 SqFt
943 Princeton Street, Santa Monica, CA, 90403 $3,595,000 2 2 1,633 1,633 SqFt
928 26th Street, Santa Monica, CA, 90403 $3,095,000 6 7 4,285 4,285 SqFt
1060 22nd Street, Santa Monica, CA, 90403 $2,498,000 2 -- 1,240 1,240 SqFt
1018 21st Street, Santa Monica, CA, 90403 $2,659,000 11 -- 5,734 5,734 SqFt
2021 Idaho Avenue, Santa Monica, CA, 90403 $1,499,000 2 2 1,019 1,019 SqFt
914 20th Street, Santa Monica, CA, 90403 $3,550,000 7 -- 3,882 3,882 SqFt
914 18th Street, Santa Monica, CA, 90403 $2,550,000 7 -- 5,100 5,100 SqFt
921 16th Street, Santa Monica, CA, 90403 $5,595,000 9 -- 5,268 5,268 SqFt

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ByOwner last updated this listing 06/12/2026 @ 02:29

MLS: 26660407 LISTED BY: Priscilla Nee, CB Richard Ellis, Inc. SOURCE: CRMLS

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