Developer's dream! This 4,700+ square foot property zoned R2 (multi-family) offers a unique opportunity in Santa Monica, with panoramic views and no rent control. Less than one mile from the beach, yet not subject to the Coastal Commission. Create two, three, or up to five units of luxury housing (3 standard units + 2 ADUs). Or if also building one affordable unit, build even more than five luxury units. Make them condominiums if desired. (These scenarios are intended to give an idea of what may be possible and not to be definitive; a brief stop at the City will confirm the possibilities!) Include as much or as little on-site parking as you like, or even no parking at all. Walk to Whole Foods, Gelson's, Starbucks, and dozens of restaurants and coffee shops. Only one block to either of two dedicated bike lanes leading across Santa Monica or to the beach. One block to the Big Blue Bus to downtown Santa Monica or LAX. Get in now, as ever more shops and restaurants come to this rapidly upscaling neighborhood. The existing cottage dates from early in Santa Monica's history. Unlike other properties where rent control can impede development, this property has a permanent exemption from rent control! In Santa Monica, with its top public schools and ocean breezes, the enormous potential of this property is one-of-a-kind.
| MLS # | 26103159 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 24 |
| Listing Provided By | The Agency | Benjamin S. Lee |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 676 |
| Story(s) | 1 |
| Zoning | SMR2* |
| Acreage | 0.11 |
| Property View | None |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Furnished | Unfurnished |
| Appliances | Microwave, Refrigerator, Dryer, Washer |
| Fireplace Yes / No | No |
| Parking Features | Driveway |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90405 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90405) | |
Price: $1,299,000 low | high Med: $699,000 sqft: 676 low | high Med: 711 $ / sqft: $1,922 low | high Med: $986 On site: 24 low | high Med: 187.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Santa Monica |
| Zip Code | 90405 |
| Area | C14 Santa Monica |
| Listing VS Median (in 90405) | |
Price: $1,299,000 low | high Med: $699,000 sqft: 676 low | high Med: 711 $ / sqft: $1,922 low | high Med: $986 On site: 24 low | high Med: 187.5 | |
![]() | $1,325,000652 Navy StreetSanta Monica, CA 90405 |