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Key Details
Sold Price $1,417,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,556 sqft
Price per Sqft $910
MLS Listing ID 24456553
Sold Date 12/04/24
Bedrooms 4
HOA Y/N No
Year Built 1925
Lot Size 7,514 Sqft
Property Description
On the market for the first time in 96 years, this prime Santa Monica teardown/development opportunity sits on a generous 7,513 sq.ft. lot, zoned SMR2, with alley access. The property will be delivered vacant and cleared of personal belongings, offering a clean slate for your next project. Built in 1925, the current duplex features two side-by-side units, each with 2 bedrooms and 1 bathroom. A detached garage with alley access adds extra flexibility for future development. The existing structures are major fixers and are priced accordingly for land value, making it an ideal opportunity for developers looking to capitalize on the area's demand for multifamily housing. Located just a few blocks east of Lincoln Blvd, offering easy access to Santa Monica's amenities, beaches, and transportation. This is a rare chance to acquire a sizable lot in a sought-after area with immense potential for redevelopment.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Refrigerator
Exterior
View Y/N No
View None
Porch Front Porch
Attached Garage No
Building
Lot Description Value In Land
Faces East
Story 1
Entry Level One
Sewer Other
Architectural Style Spanish
Level or Stories One
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Senior Community No
Tax ID 4283024004
Special Listing Condition Standard
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Bought with Peter Maurice • Rodeo Realty