$1,417,500
$1,299,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
7,514 Sqft Lot
SOLD DATE : 12/04/2024
Key Details
Sold Price $1,417,500
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24456531
Sold Date 12/04/24
HOA Y/N No
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
Fireplace No
Exterior
View Y/N No
View None
Building
Lot Description Value In Land, Yard, Flat
Sewer Other
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Senior Community No
Tax ID 4283024004
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Peter Maurice • Rodeo Realty
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”