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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,195,000

Est. payment | -/mo

3 Beds

3 Baths

1,584 SqFt

Save

$ 2,195,000

Est. payment | -/mo

Save

3 Beds

3 Baths

1,584 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,584 sqft

Price per Sqft $1,385

MLS Listing ID 26850083

Bedrooms 3

HOA Y/N No

Year Built 1924

Lot Size 5,327 Sqft

Property Description

SWEET! THREE CLASSIC 1924 Bungalow Cottages from the times when Old Hollywood would drive across open land to get to the 'beach town' of Santa Monica. Not on the market in 57 YEARS. The play: Restore Cottages & Rent Short Term and add a 4th junior ADU for MASSIVE CASH FLOW (no Tenant occupancy for 57 years, so no low-income or rent-control issues), OR Build 4 New Condos (COMPS & zoning analysis written by architect from Santa Monica Architectural Review Board attached, exceptions for lot width can apply ~call) OR build a larger 3+ story building (some restrictions would apply). Per architect, 3 New Units of 1750 +/- sq ft each can be built on the lot, plus the Jr ADU (Do your own research & investigations ~ don't rely on statements here ~ and RECOGNIZE the Opportunity). Alley access to the rear of the lot for parking access. A Condo one block away sold for $2.5M last year (see 1919 4th Ave). Excellent PENCIL POTENTIAL. 4 BLOCKS TO BEACH & Prime Main Street, DTSM very close, PCH & 10 access at your fingertips! See attached DOCS; Interested parties are not to rely on statements from this listing as to viability of future projects; all are directed to make their own investigations.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMOP2*

Interior

Heating None

Cooling None

Fireplace No

Exterior

Total Parking Spaces 3

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4289010027

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Suzette Kitselman Coldwell Banker Realty #00715435

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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2005 4th ST Santa Monica, CA 90405