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… Read More 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! Read Less
Courtesy of Rodeo Realty 310-724-7100
Listing Snapshot
Days Online
59
Last Updated
Property Type
Other
Beds
7
Square Ft.
5,100
Lot Size
0.18 Acres
Year Built
1927
MLS Number
25601147
30 Days Snapshot Of 90403
$1.62M
-24%
(avg) sold price
9
0%
homes sold
56
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
5,100 sq ft, Built in 1927, Levels: Multi/Split, Attached
Cooling
None
Disclosures
Building Plans Available, Rendering
Garage
None
Heating
None
Lot
LotAcreage: 0.1842, LotSizeArea: 8,023
Parking
TotalParking: 5
Property
NumberOfUnits: 7, Zoning: SMR2*, Fixer, Repairs Major, Tear Down
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
