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Chakits Krulsawat

chakits.k@gmail.com +1(702) 319-1092

$ 27,500,000

Est. payment | -/mo

38 Beds

38 Baths

30,954 SqFt

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$ 27,500,000

Est. payment | -/mo

Save

38 Beds

38 Baths

30,954 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 30,954 sqft

Price per Sqft $888

MLS Listing ID 26660407

Bedrooms 38

Year Built 1961

Lot Size 0.345 Acres

Acres 0.3446

Property Sub-Type Multi-Family

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 Santa Monica

Zoning SMR3*

Rooms

Other Rooms None

Kitchen Granite Counters

Interior

Heating Wall Electric

Cooling Ceiling Fan

Flooring Tile, Wood, Bamboo

Fireplaces Type None

Equipment Microwave, Intercom, Dishwasher, Range/Oven, Refrigerator, Barbeque, Gas Or Electric Dryer Hookup, Solar Panels

Laundry Community, In Unit

Exterior

Parking Features Gated, Controlled Entrance, Assigned, Covered Parking

Garage Spaces 33.0

Pool Fenced

Waterfront Description Beach Front, Ocean Front

View Y/N Yes

View Courtyard, Ocean, Walk Street, Coastline

Roof Type Flat Tile

Building

Story 3

Water Water District

Level or Stories Multi/Split

Structure Type Frame, Stucco, Wood Siding

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by CB Richard Ellis, Inc.

Nearby Locations

Chakits Krulsawat

Buyer and Sales Specialist | RE. Lic# S.0168764

+1(702) 319-1092 | chakits.k@gmail.com

901 Ocean Ave Santa Monica, CA 90403

Chakits Krulsawat

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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901 Ocean Ave