122 Strand Street
Santa Monica, CA, 90405 $ 2,150,000
Baths0.0 Monthly Estimate*
$ 15,018
Listed by Palm Realty Boutique, Inc.
Studio
for $2,150,000. The lot size is 0.1399.
Shovel Ready development opportunity Located in one of LA's most prestigious neighborhoods-Ocean Park in Santa Monica, this rarely available development lot is entitled and ready to be built tomorrow-Just steps away from the beach, Santa Monica's main street with its trendy boutiques and famed restaurants. Prime for immediate development-this lot comes with fully entitled plans outlining a two-story, three unit condominium project with subterranean parking and private outdoor space. The plan design by iconic Santa Monica Based Architecture Firm-Mike Folonis Architects truly maximize the potential of this rare lot so close to the beach. Centered in the midst of so many attractions including, the Strand bike path with 22 miles of inspiring coastal scenery, the World Famous Santa Monica Pier, Shutters On the Beach Hotel, Casa Del Mar Hotel, The Viceroy, 3rd Street Promenade and famed Abbot Kinney neighborhood, this property is truly unique. //Property specs are as follows: Unit 1: 2 Bedrooms, 3.5 bathrooms, 2,110 sq ft living space, Patio (front) 541 sq ft, Patio (side) 232 sq ft, 2nd Floor Deck 135 sq ft, Roof Deck 164 sq ft. // Unit 2: 2 Bedrooms, 2.5 bathrooms, 1,530 sq ft living space, Patio (side) 241 sq ft. // Unit 3: 2 Bedrooms, 2.5 bathrooms, 1,275 sq ft living space, Patio (rear) 736 sq ft. Each unit comes with a two-car garage. Plans, Permits, and supporting documents available upon request-link provided.
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FeaturesGeneralZoning SMOP3*
HOA 0.0
View Ocean
Community Features Biking Curbs DogPark Gutters Park StormDrains StreetLights Sidewalks Urban
County Los Angeles
New Construction N
Property Type Land
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Neilson Way to Strand
City Santa Monica
View Y/N Y
Senior Community Y/N N
MLS Area C14 - Santa Monica
Lot Size Square Feet 6093.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Strand
Listing Terms Cash CashtoNewLoan Conventional
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 77
Standard Status Active
Tax Lot 1
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ExteriorLot Features Item25UnitsAcre
Water Source Public
Lot Size Area 6093.0
Spa N
Lot Size Acres 0.1399
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Electric On Property Y/N N
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* Excluded FeaturesList ByPalm Realty Boutique, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $15,018
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Santa Monica, CA
Average List Price $4,489,176
Percent of Sale Price 109%
About Santa Monica, CA 92,541 Population
10% Since 2002
$ 89,894 Median Income
42.46 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/17/2024 | $2,150,000 | -4.44% | Price Down |
3/11/2024 | $2,250,000 | -6.25% | Price Down |
1/31/2024 | $2,400,000 | | Listed Price |