1299 Ocean Ave, Santa Monica, CA 90401 – Office Building High Rise 5+ stories

OfficeYear Built 1980Total Assessed Value $135,556,445County Los Angeles

Property Details

The Office property 1299 Ocean Ave, Santa Monica, CA 90401 is located in Los Angeles County. The specific property type is Office Building High Rise 5+ stories. The total assessed value of this property is $135,556,445.

The gross building area is 102,157 square feet and the land area is 21,013 square feet for this Office Building High Rise 5+ stories built in 1980.

Legal description: Lot:J-L Subd:Town Of Santa Monica *Tr=Santa Monica*1/2 Vac Alley Adj On Swand 31.33 Ft Of Lot J And 1/2 Vac Alley Adj On Sw And All Of Lots K And Lot L Blk 123

$135,556,445

Market Value

7.15%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeOffice

Sub Property TypeOffice Building High Rise 5+ stories

Building Area102,157

Land Size21,013

Land Value$25,300,773

Improved Value$110,255,672

Total Assessed Value$135,556,445

Year Built1980

County NameLos Angeles

Account Number4291-001-029

Cap Rate7.15%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionSteel

Sales History

4/25/2017

Arms-length$285,000,000

Buyer

De Pacific 1299 Llc

Seller

Ca Wilshire Palisades Limited Partnershi

Book Number

2017.459015

Recording Date

4/25/2017

Transaction Details

De Pacific 1299 Llc acquired the property from Ca Wilshire Palisades Limited Partnershi through a Arms-length transaction on 4/25/2017 for $285,000,000.

Property constructed in 1980

YSale Price (USD) byXSales Year

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Mortgage History

12/11/2024

Arms length residential transactions purchase or resales$400,000,000

Borrower

De Pacific 1299 Llc

Lender

Pnc Bank National Association

Book Number

2024.879053

Recording Date

12/11/2024

Transaction Details

De Pacific 1299 Llc borrowed the property from Pnc Bank National Association through a Arms length residential transactions purchase or resales transaction on 12/11/2024 for $400,000,000.

12/19/2017

Arms length residential transactions purchase or resales$400,000,000

Borrower

De Pacific 1299 Llc

Lender

Book Number

2017.1478354

Recording Date

12/19/2017

Transaction Details

De Pacific 1299 Llc borrowed the property from through a Arms length residential transactions purchase or resales transaction on 12/19/2017 for $400,000,000.

Property constructed in 1980

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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	$25,300,773	$110,255,672	$135,556,445	$135,556,445	De Pacific 1299 Llc	1299 Ocean Ave Ste 1...	Lot:J-L Subd:Town Of...	23/23681	-	21,013	102,157
2023	$24,318,314	$105,974,311	$130,292,625	$130,292,625	De Pacific 1299 Llc	1299 Ocean Ave Ste 1...	LOT:J-L SUBD:TOWN OF...	23/23681	Town Of Santa Monica	21,013	102,157
2022	$23,841,485	$103,896,384	$127,737,869	$127,737,869	De Pacific 1299 Llc	808 Wilshire Blvd 20...	Tr=Santa Monica1/2...	23/23681	TOWN OF SANTA MONICA	21,013	102,157
2020	-	-	-	-	1299 Ocean Llc	-	Tr=Santa Monica1/2...	23/23681	Town Of Santa Monica	21,006	102,157
2019	$22,680,720	$98,838,000	$121,518,720	-	De Pacific 1299 Llc	1299 Ocean Ave	TR=SANTA MONICA1/2...	23/23681	TOWN OF SANTA MONICA	21,012	102,157
2018	$9,419,985	$41,212,446	$50,632,431	-	De Pacific 1299 Llc,	808 Wilshire Blvd	TR=SANTA MONICA1/2...	23/23681	TOWN OF SANTA MONICA	21,658	102,157
2017	$9,235,280	$40,404,359	$49,639,639	-	De Pacific 1299 Llc,	808 Wilshire Blvd	TR=SANTA MONICA1/2...	23/23681	TOWN OF SANTA MONICA	21,658	102,157
2016	$9,054,197	$39,612,117	$48,666,314	-	De Pacific 1299 Llc,	808 Wilshire Blvd	TR=SANTA MONICA1/2...	23/23681	TOWN OF SANTA MONICA	21,658	102,157
2015	$8,918,195	$39,017,107	$47,935,302	-	1299 Ocean Llc	Po Box A 3879	TR=SANTA MONICA1/2...	-	TOWN OF SANTA MONICA	21,658	102,157

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Comparables

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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 ↕
—	1299 Ocean Ave, Santa Monica, CA 90401	—	-	21,013	1980	102,157	$ 135,556,445	$ 25,300,773	-
Barclays Capital Re Inc	11500 W Olympic Blvd, Los Angeles, CA 90064	09/29/2025	$ 40,000,000	80,368	1982	246,109	$ 48,696,605	$ 14,131,524	-
Sb Corporate Funding Llc	100 N Crescent Dr, Beverly Hills, CA 90210	08/28/2025	$ 80,000,000	58,240	1989	124,875	$ 150,876,181	$ 63,832,229	100 N Crescent Llc
Citizens Business Bank	621 Broadway, Santa Monica, CA 90401	08/11/2025	$ 775,000	4,996	1971	3,554	$ 2,127,375	$ 1,632,870	Hopa Broadway Llc
East West Bank	400 Corporate Pointe, Culver City, CA 90230	06/27/2025	$ 36,250,000	55,147	1986	165,898	$ 47,584,022	$ 6,963,513	Corporate Pointe Center Llc
Kennedywilson Capital	216 Pico Blvd, Santa Monica, CA 90405	06/16/2025	$ 77,990,000	5,615	1962	5,390	$ 9,363,600	$ 9,259,560	Us 216 Pico Owner Llc
Hcn Bank	9441 W Olympic Blvd, Beverly Hills, CA 90212	06/02/2025	$ 5,050,000	14,741	1949	23,389	$ 10,785,309	$ 4,019,366	Fisch Properties Lp
Metlife Re Lending Llc	12130 Millennium, Los Angeles, CA 90094	05/24/2025	$ 97,955,000	65,732	2009	214,702	$ 131,578,531	$ 17,085,127	Big Io Playa Vista Owner Llc
Morgan Stanley Pvt Bank Na	1401 Ocean Ave, Santa Monica, CA 90401	04/04/2025	$ 45,000,000	22,499	1987	47,171	$ 12,286,208	$ 5,557,918
Goldman Sachs Bank Usa	1861 S Bundy Dr, Los Angeles, CA 90025	03/28/2025	$ 475,000,000	28,811	1947	40,238	$ 31,224,543	$ 11,193,703	Hudson Element La Llc
Goldman Sachs Bank Usa	11601 Wilshire Blvd, Los Angeles, CA 90025	03/28/2025	$ 475,000,000	69,740	1984	500,629	$ 411,399,523	$ 73,958,912	Hudson 11601 Wilshire Llc

Mean$ 138,521,462

Median$ 60,000,000.0

Loan Amount Range$ 775,000 - $ 475,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
1299 OCEAN AVE, SANTA MONICA, CA 90401-1038	TRUST ADVISOR	3103935100	BUSINESS MANAGEMENT CONSULTANTS
1299 OCEAN AVE, SANTA MONICA, CA 90401-1038	SYNDICATED CAPITAL	3102554490	FINANCIAL PLANNING CONSULTANTS
1299 OCEAN AVE, SANTA MONICA, CA 90401-1038	ABM PARKING SVC	3104583521	PARKING STATIONS & GARAGES
1299 OCEAN AVE STE 450, SANTA MONICA, CA 90401-1050	CRAIG BOYD GARNER PLC	3104581560	ATTORNEYS
1299 OCEAN AVE STE 1000, SANTA MONICA, CA 90401-1063	DOUGLAS EMMETT BUILDERS	3102557700	BUILDING CONTRACTORS
1299 OCEAN AVE STE 333, SANTA MONICA, CA 90401-1057	CARMELLA	3109274435	NONCLASSIFIED ESTABLISHMENTS
1299 OCEAN AVE STE 450, SANTA MONICA, CA 90401-1050	COSTEL CORNELIUS LAW	3104587959	ATTORNEYS
1299 OCEAN AVE STE 320, SANTA MONICA, CA 90401-1031	BLACKSTONE GROUP LP	3103106800	VENTURE CAPITAL COMPANIES
1299 OCEAN AVE STE 400, SANTA MONICA, CA 90401-1042	HALEY, ANDREW J	3106567210	ATTORNEYS
1299 OCEAN AVE STE 400, SANTA MONICA, CA 90401-1042	SOLOMON, OWEN	3106567209	ATTORNEYS

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License Details

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