Mobile: (818) 807-3094
Office: (818) 807-3094
License No.: CAL-BRE#01015783
Fax : 818-249-7374
Address: 1030 Foothill Blvd, La Canada, CA 91011
Courtesy of: Richard Byrd, Park Place Partners, Inc.
423 Ocean is a generational opportunity to acquire a vacant 16-unit apartment building with underlying entitlements for 12 condominium units located on prime Ocean Avenue, north of Montana Avenue, in the City of Santa Monica. The existing apartment units have been vacated pursuant to the Ellis Act in anticipation of building the condominium project. A future Buyer will have the option of rehabbing the existing units and re-leasing them at current market rents (subject to rent control going forward) or executing the approved condominium development plan. The existing buildings are designated historical landmarks, which have been incorporated into the future development plan.