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$ 2,195,000
Est. payment | /mo
3 Beds
3 Baths
1,584 SqFt
$ 2,195,000
Est. payment | /mo
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
Listed by Suzette Kitselman Coldwell Banker Realty #00715435
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