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$ 3,400,000
$ 3,500,000 2.9%
Est. payment | /mo
0.3 Acres Lot
$ 3,400,000
$ 3,500,000 2.9%
Est. payment | /mo
0.3 Acres Lot
Key Details
Sold Price $3,400,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR26088598
Year Built 1947
Lot Size 0.296 Acres
Property Sub-Type Single Family Residence
Property Description
Exceptional development opportunity in the heart of Santa Monica. This approximately 12,916 SF R-2 zoned lot offers strong potential for investors, builders, and developers seeking to capitalize on a premier coastal location.
The property includes three existing structures: a detached single-family residence (approx. 1,246 SF, 3 bedrooms, 1 bathroom), a detached two-car garage, and a church building (approx. 6,293 SF), which may continue to serve as a place of worship or other allowable uses. The current improvements provide flexibility for interim use while planning future development.
The SFR offers immediate occupancy or rental income potential, allowing investors to generate cash flow during the entitlement and planning process.
R-2 zoning may allow for a variety of residential development options, including multi-unit housing and ADUs (buyer to verify all zoning, density, and permitted uses with the City of Santa Monica).
Ideally located just a short distance to the beach, and near top-rated schools, dining, shopping, and major amenities. Rare opportunity to secure a well-located parcel with both current income and long-term development upside.
The property includes three existing structures: a detached single-family residence (approx. 1,246 SF, 3 bedrooms, 1 bathroom), a detached two-car garage, and a church building (approx. 6,293 SF), which may continue to serve as a place of worship or other allowable uses. The current improvements provide flexibility for interim use while planning future development.
The SFR offers immediate occupancy or rental income potential, allowing investors to generate cash flow during the entitlement and planning process.
R-2 zoning may allow for a variety of residential development options, including multi-unit housing and ADUs (buyer to verify all zoning, density, and permitted uses with the City of Santa Monica).
Ideally located just a short distance to the beach, and near top-rated schools, dining, shopping, and major amenities. Rare opportunity to secure a well-located parcel with both current income and long-term development upside.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Fireplaces Type None
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Building
Lot Description 0-1 Unit/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
Listed by Yuan Le Ricky&Jessie Realty 213-249-3255, DRE #01947274
Bought with Arash Pashaei Keller Williams Beverly Hills
Bought with Arash Pashaei Keller Williams Beverly Hills
NEARBY SCHOOL & BUSINESS