1740 Ocean Ave, Santa Monica, CA 90401 – Hotel/Motel, Low-rise (1 - 3 stories)

ServiceYear Built 1999Total Assessed Value $130,855,222County Los Angeles

Property Details

The Service property 1740 Ocean Ave, Santa Monica, CA 90401 is located in Los Angeles County. The specific property type is Hotel/Motel, Low-rise (1 - 3 stories). The total assessed value of this property is $130,855,222.

The gross building area is 134,495 square feet and the land area is 62,044 square feet for this Hotel/Motel, Low-rise (1 - 3 stories) built in 1999.

Legal description: Lot:7-8 Lots 19,20,21 And 22 Scotts Addition To Santa Monica And Lots 7 And 8 Tract # 542

$130,855,222

Market Value

8.25%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeService

Sub Property TypeHotel/Motel, Low-rise (1 - 3 stories)

Building Area134,495

Land Size62,044

Land Value$60,616,200

Improved Value$70,239,022

Total Assessed Value$130,855,222

Year Built1999

County NameLos Angeles

Account Number4290-019-010

Cap Rate8.25%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

PoolP

Type ConstructionConcrete

No of Stories1

Total Rooms175

Sales History

9/11/2015

Arms-lengthNot Disclosed

Buyer

Santee Court Phase Ii Owner Llc

Seller

Moody Rich

Book Number

2015.1218967

Recording Date

9/11/2015

Transaction Details

Santee Court Phase Ii Owner Llc acquired the property from Moody Rich through a Arms-length transaction on 9/11/2015 for .

9/11/2015

Arms-lengthNot Disclosed

Buyer

Santee Court Phase Ii Owner Llc

Seller

Santee Court Phase Ii Owner Llc

Book Number

2015.1224909

Recording Date

9/11/2015

Transaction Details

Santee Court Phase Ii Owner Llc acquired the property from Santee Court Phase Ii Owner Llc through a Arms-length transaction on 9/11/2015 for .

12/1/2005

Arms-lengthNot Disclosed

Buyer

Moody Rich

Seller

Santee Court Phase Ii Owner Llc

Book Number

11-1185221

Recording Date

12/1/2005

Transaction Details

Moody Rich acquired the property from Santee Court Phase Ii Owner Llc through a Arms-length transaction on 12/1/2005 for .

Property constructed in 1999

YSale Price (USD) byXSales Year

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Mortgage History

7/5/2022

Arms length residential transactions purchase or resales$45,000,000

Borrower

Scp 1740 Ocean Avenue Llc

Lender

Western Alliance Bank

Book Number

2022.690641

Recording Date

7/5/2022

Transaction Details

Scp 1740 Ocean Avenue Llc borrowed the property from Western Alliance Bank through a Arms length residential transactions purchase or resales transaction on 7/5/2022 for $45,000,000.

10/5/2015

Helocs both purchase money and non purchase money helocs$7,896,000

Borrower

269 South Lafayette Park Place Lp

Lender

Thrivent Financial For Lutherans

Book Number

2015.1233417

Recording Date

10/5/2015

Transaction Details

269 South Lafayette Park Place Lp borrowed the property from Thrivent Financial For Lutherans through a Helocs both purchase money and non purchase money helocs transaction on 10/5/2015 for $7,896,000.

Property constructed in 1999

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$60,616,200	$70,239,022	$130,855,222	$130,855,222	Scp 1740 Ocean Avenu...	11601 Wilshire Blvd ...	Lot:7-8 Lots 19,20,2...	28/28607	-	62,044	134,495
2023	$22,229,720	$52,821,942	$75,051,662	$75,051,662	Santee Court Ph Ii O...	10850 Wilshire Blvd ...	LOT:7-8 LOTS 19,20,2...	28/28607	542	62,029	134,495
2022	$21,793,844	$51,786,218	$73,580,062	$73,580,062	Santee Court Phase I...	1640 5th St Ste 112	Lots 19,20,21 And 22...	28/28607	-	62,029	134,495
2020	-	-	-	-	269 South Lafayette ...	-	Lots 19,20,21 And 22...	28/28607	-	62,024	134,495
2019	$20,732,772	$49,264,912	$69,997,684	-	Santee Court Ph Ii O...	1640 5th St	LOTS 19,20,21 AND 22...	28/28607	-	62,044	134,495
2018	$20,326,248	$48,298,934	$68,625,182	-	Santee Court Ph Ii O...	1640 5th St	LOTS 19,20,21 AND 22...	28/28607	-	62,044	134,495
2017	$19,927,695	$47,351,897	$67,279,592	-	Santee Court Ph Ii O...	1640 5th St	LOTS 19,20,21 AND 22...	28/28607	-	62,044	134,495
2016	$19,536,956	$46,423,429	$65,960,385	-	Santee Court Phase I...	1640 5th St	LOTS 19,20,21 AND 22...	28/28607	-	62,044	134,495
2015	$19,243,493	$45,726,106	$64,969,599	-	Santee Court Phase I...	10513 Northvale Rd	LOTS 19,20,21 AND 22...	-	-	62,044	134,495

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1740 Ocean Ave, Santa Monica, CA 90401	—	-	62,044	1999	134,495	$ 130,855,222	$ 60,616,200	-
Rwa Credit Spv I Llc	1760 Ocean Ave, Santa Monica, CA 90401	09/10/2025	$ 2,000,000	8,311	1954	5,687	$ 521,004	$ 247,417	Joyce A Syme Living Trust
Bank Of Hope	3958 Sepulveda Blvd, Culver City, CA 90230	08/26/2025	$ 970,000	9,679	1955	8,268	$ 2,775,876	$ 1,884,081	Astha Hospitality Llc
Goldman Sachs Bank Usa	327 Washington Blvd, Marina Del Rey, CA 90292	08/06/2025	$ 71,420,000	8,420	1978	18,168	$ 4,126,561	$ 1,127,128	Venice Inn Llc
Goldman Sachs Bank Usa	737 Washington Blvd, Marina Del Rey, CA 90292	08/06/2025	$ 71,420,000	19,410	1993	25,991	$ 6,333,920	$ 1,740,403	Venice Inn Llc
Us Small Business Admn	12200 W Sunset Blvd, Los Angeles, CA 90049	07/14/2025	$ 500,000	14,823	1947	5,514	$ 2,538,131	$ 1,171,443	Champaneri Family Trust
Mastermind Private Debt Fund L	8844 W Olympic Blvd, Beverly Hills, CA 90211	07/01/2025	$ 2,500,000	5,998	1948	5,864	$ 8,630,000	$ 7,060,000	8840 West Olympic Llc
City National Bank	1920 Santa Monica Blvd, Santa Monica, CA 90404	06/17/2025	$ 30,500,000	22,499	1990	51,804	$ 34,141,924	$ 3,826,436	Gateway Hotel Lp
Finco Trust Services Limited	140 S Lasky Dr, Beverly Hills, CA 90212	06/06/2025	$ 42,000,000	6,120	1939	14,530	$ 8,951,030	$ 2,656,017	Gt Hotel Owner Llc
Finco Trust Services Limited	125 S Spalding Dr, Beverly Hills, CA 90212	06/06/2025	$ 42,000,000	12,249	1958	21,732	$ 11,199,881	$ 7,014,406	Gt Hotel Owner Llc
Cathay Bank	1044 3rd St, Santa Monica, CA 90403	05/27/2025	$ 2,400,000	15,024	1970	9,680	$ 7,215,694	$ 5,030,854	Santa Monica Properties Llc

Mean$ 125,981,992

Median$ 8,200,000.0

Loan Amount Range$ 406,300 - $ 1,580,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1740 OCEAN AVE, SANTA MONICA, CA 90401-3214	CEZANNE	3103959700	RESTAURANTS
1740 OCEAN AVE, SANTA MONICA, CA 90401-3214	J W MARRIOTT SANTA MONICA	3103959700	ECOMMERCE
1740 OCEAN AVE, SANTA MONICA, CA 90401-3214	J W MARRIOTT LE MERIGOT	3103959700	CONVENTION & MEETING FACILITIES & SVC
1740 OCEAN AVE, SANTA MONICA, CA 90401-3214	J W MARRIOTT SANTA MONICA	3103959700	HOTELS & MOTELS
1740 OCEAN AVE, SANTA MONICA, CA 90401-3214	J W MARRIOTT LE MERIGOT	3103959700	DECORATING CONTRACTORSPARTY/CONVENTION

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License Details

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