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$ 2,495,000
Est. payment | /mo
5,100 SqFt
$ 2,495,000
Est. payment | /mo
5,100 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $489
MLS Listing ID CL26868435
HOA Y/N No
Year Built 1927
Lot Size 8,023 Sqft
Acres 0.1842
Property Sub-Type Other
Property Description
Presenting a rare value-add development in the heart of Santa Monica! Delivered RTI, this property is fully approved for a thoughtfully designed 7-unit apartment complex. The existing site currently offers a charming courtyard arrangement of four bungalow-style residences one one-bedroom and three two-bedrooms surrounding a sun-filled garden. The approved plans reimagine the property with a tasteful renovation of the existing units into Class A Spanish-style bungalows, while adding three new residences: a duplex thoughtfully placed in the center courtyard and a studio ADU above the garage. The result is a boutique collection of seven residences blending historic charm with modern functionality. With stamped permits in hand and no delay in starting construction, this is a true plug-and-play opportunity to create one of the few new multifamily offerings in one of the strongest and most supply-constrained rental markets in Los Angeles. A turnkey investment opportunity in a premier coastal locationthis is not to be missed!
Location
State CA
County Los Angeles
Zoning SMR2*
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4277009003
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Listed by Jimmy Heckenberg • Rodeo Realty
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