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CALL FOR OFFERS DUE APRIL 8 | SANTA MONICA 901 Ocean Ave 28 Unité Immeuble d’appartements 38 202 999 $ CAD (1 364 393 $ CAD/Unité) 4,55% Taux de capitalisation Santa Monica, CA 90403
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Faits saillants de l'investissement
- 100 Feet of Ocean Avenue Frontage | Bluff-Top Ocean Avenue Positioning with Protected Coastal View Corridors and Immediate Beach Access
- Walking Distance to the Pacific Ocean Including Santa Monica State Beach, Jonathan Club, and Annenberg Community Beach House
- ±30,954 SF Building Size on ±15,011 SF Corner-Double Lot
- Steps from Palisades Park Providing Open Green Space and Unobstructed Oceanfront Surrounding
- Excellent Unit Mix of 18 (1+1’s) and 10 (2+2’s)
- Rooftop Deck with Unobstructed Coastline Views, Gated Pool, Lounge Areas, BBQ, Fire Pit, Elevator Service, On-Site Laundry and more!
Résumé de l'annonce
COURT-ORDERED RECEIVERSHIP SALE | CALL FOR OFFERS | DUE WEDNESDAY, APRIL 8, 2026, BY 5PM
Please submit offers via email to Priscilla Nee and Dan Blackwell.
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.
PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS. Visit www.OceanAvenueApt.com and execute the Confidentiality Agreement to access the OM and available due diligence materials.
Please submit offers via email to Priscilla Nee and Dan Blackwell.
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.
PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS. Visit www.OceanAvenueApt.com and execute the Confidentiality Agreement to access the OM and available due diligence materials.
Bilan financier (Réel - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
2 705 731 $
|
87,41 $
|
| Autres revenus |
17 921 $
|
0,58 $
|
| Perte due à l’inoccupation |
136 183 $
|
4,40 $
|
| Revenu brut effectif |
2 587 468 $
|
83,59 $
|
| Taxes |
466 914 $
|
15,08 $
|
| Dépenses d’exploitation |
381 474 $
|
12,32 $
|
| Total des dépenses |
848 389 $
|
27,41 $
|
| Revenu net d’exploitation |
1 739 080 $
|
56,18 $
|
Bilan financier (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 2 705 731 $ |
| Annuel par pi² | 87,41 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | 17 921 $ |
| Annuel par pi² | 0,58 $ |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 136 183 $ |
| Annuel par pi² | 4,40 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 2 587 468 $ |
| Annuel par pi² | 83,59 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 466 914 $ |
| Annuel par pi² | 15,08 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 381 474 $ |
| Annuel par pi² | 12,32 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 848 389 $ |
| Annuel par pi² | 27,41 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 1 739 080 $ |
| Annuel par pi² | 56,18 $ |
Faits sur la propriété En dépôt fiduciaire
| Prix | 38 202 999 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 1 364 393 $ CAD | Classe d’immeuble | B |
| Type de vente | Investissement | Taille du lot | 0,34 AC |
| Taux de capitalisation | 4,55% | Taille du bâtiment | 30 954 pi² |
| Multiplicateur du loyer brut | 14.12 | Occupation moyenne | 75% |
| Nombre d’unités | 28 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1961/2022 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,18/1 000 pi² |
| Zonage | SMR3 - Logement multifamilial à densité restreinte | ||
| Prix | 38 202 999 $ CAD |
| Prix par unité | 1 364 393 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 4,55% |
| Multiplicateur du loyer brut | 14.12 |
| Nombre d’unités | 28 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 0,34 AC |
| Taille du bâtiment | 30 954 pi² |
| Occupation moyenne | 75% |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1961/2022 |
| Ratio de stationnement | 1,18/1 000 pi² |
| Zonage | SMR3 - Logement multifamilial à densité restreinte |
Commodités
- Détecteur de fumée
Commodités des unités
- Balcon
- Lave-vaisselle
- Traitement des déchets
- Espace d'entreposage
- Chauffage
- Cuisine
- Comptoirs de granit
- Planchers de bois franc
- Réfrigérateur
- Électroménagers en acier inoxydable
- Fourchette
- Vues
- Fenêtres à double vitrage
- Fenêtres du sol au plafond
Commodités du site
- Accès contrôlé
- Cour
- Installations de lessive
- Piscine
- Gestionnaire d'immeuble sur place
- Bord de l’eau
- Clôturé
- Cabane
- Unités meublées disponibles
- Grill
- Pistes cyclables/Piétonnières
- Entreposage de vélo
- Station de recharge de voiture
- Ascenseur
- Lounge
- Solarium
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 18 | 6 597 $ CAD | 925 |
| 2+2 | 10 | 10 697 $ CAD | 1 350 |
Moyennement practicable à pied
70/100
Très facile d'accès en voiture
80/100
Transports en commun relativement accessibles
50/100
Très practicable en vélo
80/100
Impôts fonciers
| Numéro de lot | 4292-026-024 | Évaluation totale | 48 591 626 $ CAD |
| Évaluation du terrain | 34 007 482 $ CAD | Impôts annuels | 466 914 $ CAD (15,08 $ CAD/pi²) |
| Évaluation des bâtiments | 14 584 144 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
4292-026-024
Évaluation du terrain
34 007 482 $ CAD
Évaluation des bâtiments
14 584 144 $ CAD
Évaluation totale
48 591 626 $ CAD
Impôts annuels
466 914 $ CAD (15,08 $ CAD/pi²)
Année d’imposition
2025
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CALL FOR OFFERS DUE APRIL 8 | SANTA MONICA | 901 Ocean Ave
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