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$ 3,500,000
Est. payment | /mo
10 Beds
5 Baths
0.3 Acres Lot
$ 3,500,000
Est. payment | /mo
10 Beds
5 Baths
0.3 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID TR26088598
Bedrooms 10
Lot Size 0.297 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional development opportunity in the heart of Santa Monica. This approximately 12,916 SF R-2 zoned lot offers strong potential for investors, builders, and developers seeking to capitalize on a premier coastal location. The property includes three existing structures: a detached single-family residence (approx. 1,246 SF, 3 bedrooms, 1 bathroom), a detached two-car garage, and a church building (approx. 6,293 SF), which may continue to serve as a place of worship or other allowable uses. The current improvements provide flexibility for interim use while planning future development. The SFR offers immediate occupancy or rental income potential, allowing investors to generate cash flow during the entitlement and planning process. R-2 zoning may allow for a variety of residential development options, including multi-unit housing and ADUs (buyer to verify all zoning, density, and permitted uses with the City of Santa Monica). Ideally located just a short distance to the beach, and near top-rated schools, dining, shopping, and major amenities. Rare opportunity to secure a well-located parcel with both current income and long-term development upside.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Cedar St and 10th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 4284006021
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Yuan Le, DRE#01947274 Ricky&Jessie Realty
NEARBY SCHOOL & BUSINESS