MLS® ID: 19-495800
423 Ocean Ave
Santa Monica, California, 90402 $16,000,000
423 Ocean Ave is located on the cliffs of Santa Monica, with unblocked views of the Pacific Ocean and one of the most prestigious locations for commercial real estate and luxury condominiums. 423 Ocean is approved and fully entitled for 14 condominiums. The owner obtained both City Plan Check and Coastal Commission approval, a process that took over 10 years to achieve. Now it is a new investors opportunity to purchase and develop this exquisite site and lease up or sell the condos individually. Condominiums North of Wilshire have sold for over $1,500 per square foot. Due to this exclusive location on Ocean Ave, newly constructed condos with ocean views will command in excess of $1,800/sf. Please call or email the listing agents for a marketing package that include drawings and floor plans.