Breathtakingly located on a bluff overlooking the sparkling Pacific Ocean, 413 Ocean Avenue is an unprecedented opportunity to build your coastal dream estate (pending city approval) on Santa Monica’s prestigious Ocean Avenue. This 11,202 SF lot with SMR4 zoning currently houses a 2-story, 13,052 SF structure previously utilized as an assisted living community. Built in 1959, this structure includes 29 375 SF suites, including 26 with balconies and ocean views. With tremendous view potential and a truly iconic location within easy walking distance of world-renowned shopping, dining & nightlife, 413 Ocean Avenue is the blank canvas your dreams have been waiting for. Whether your goals include multi-family redevelopment, land banking or a future dream home, this Santa Monica gem is the answer. Note: believe it or not, a second ocean-view property of similar size (11,257 SF) and opportunity is available just 4 blocks south at 825 Ocean Avenue. Take a look at both before deciding which of these bluff top beauties speaks to you the most.
Property Details
Property Features
Listing Office:
Office Name: eXp Realty of California, Inc
Office Phone: (310) 427-2414
Listing Agent: Edward Kaminsky
Exterior Features
Exterior Information:
Waterfront: Ocean Front
View: Ocean
Lot Features
Lot Information:
Lot Size: 0.26 Acres
School Info
Assigned Schools Information:
Santa Monica High School, Public District Grades 9-12
Lincoln Middle School, Public District Grades 6-8
Roosevelt Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Ocean Ave between Georgina Ave and Marguerita Ave
Price Information
Listing Price Info
Price Summary:
List Price: $8,500,000
Tax Information:
Annual Amount: $107,261
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Santa Monica, CA.
This property is $6.6M more than the Median Sold Price in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB23083585
Listing Office:
Office Name: eXp Realty of California, Inc
Office Phone: (310) 427-2414
Listing Agent: Edward Kaminsky
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 9/20/2024, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 18, 2013
Dec 18, 2013Home Sold
$10,895,000
Sep 25, 1997
Sep 25, 1997Home Sold
$1,200,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$107,261
$9,060,064
2020
$105,514
$8,967,165
2019
$99,146
$8,791,339
2018
$133,935
$8,618,960
2017
$133,935
$11,507,792
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$42.4K
Per Month
Principal & Interest
$42.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$25.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school0.64 miles
Public District Grades KG-5
Middle School
8
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school1.25 miles
Public District Grades 6-8
High School
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school1.81 miles
Public District Grades 9-12
Assigned Schools
7
/10
Roosevelt Elementary School
801 Montana Ave
Distance between this listing and this school0.64 miles
Public District Grades KG-5
Nearby Schools
8
/10
Canyon Elementary School
421 Entrada Dr
Distance between this listing and this school0.51 miles
Public Charter Grades KG-5
8
/10
Palisades Charter Elementary School
800 Via De La Paz
Distance between this listing and this school1.63 miles
Public Charter Grades KG-5
Assigned Schools
8
/10
Lincoln Middle School
1501 California Ave
Distance between this listing and this school1.25 miles
Public District Grades 6-8
Nearby Schools
9
/10
Santa Monica Alternative (K-8)
2525 5th St
Distance between this listing and this school2.24 miles
Public District Grades KG-8
7
/10
Paul Revere Middle School
1450 Allenford Ave
Distance between this listing and this school2.25 miles
Public Charter Grades 6-8
Assigned Schools
9
/10
Santa Monica High School
601 Pico Blvd
Distance between this listing and this school1.81 miles
Public District Grades 9-12
Nearby Schools
5
/10
Olympic High (Continuation)
721 Ocean Park Blvd
Distance between this listing and this school2.36 miles
Public District Grades 9-12
6
/10
University Senior High School
11800 Texas Ave
Distance between this listing and this school3.28 miles
The neighbors living near this home have an average income of $89,052. Residents of Santa Monica, CA typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 413 Ocean Ave
What is the listing price of this property?
The listing price of 413 Ocean Ave property is $8,500,000.
What type of property is this?
The property 413 Ocean Ave is land located in Santa Monica, California, 90402.
Is this property for sale now?
Active Listing: 413 Ocean Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 413 Ocean Ave are: Roosevelt Elementary School: GreatSchools Rating 7/10Lincoln Middle School: GreatSchools Rating 8/10Santa Monica High School: GreatSchools Rating 9/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $107,261 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 18, 2013 for $10,895,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 413 Ocean Ave in Santa Monica, CA and zip code 90402 in the North of Montana neighborhood. This home sits on a 0.26 acre lot. It has been listed on Rocket Homes since May 16, 2023 and is currently priced at $8,500,000.
In August 2024, from all listings sold in Santa Monica, CA there were more than 13 sold above asking price, over 28 sold below and more than 4 were sold right at the asked price. The number of listings in Santa Monica, CA increased by 9.3% between July 2024 and August 2024. In August 2024, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $1,828,333.
From Rocket Homes Real Estate and based on county public records data.