Recently Listed Open House 5/4 1pm - 4pm
1302 Yale Street
Santa Monica, CA, 90404 $ 1,950,000
Bedrooms2 Baths1.0 Sq 1,010 Monthly Estimate*
$ 13,621
Listed by Cyrus Pacific Realty, Inc.
for $1,950,000 with 2 bedrooms and 1 full bath. This 1,010 square foot home was built in 1941 on a lot size of 0.1428.
Charming home on a large corner lot in prime Santa Monica! This charming single family home offers a thoughtfully designed floor plan, featuring a spacious living room bathed in natural light, a formal dining room that sets the stage for memorable gatherings, and a generous kitchen with stainless steel appliances, ensuring both functionality and comfort. Escape to the enchanting private backyard oasis that provides the perfect backdrop for alfresco dining, leisurely afternoons, and year-round California living at its finest. Located just moments away from LA's vibrant dining, shopping, Farmers Markets, and grocery stores like Erewhon, Whole Foods, Trader Joes, and Bristol Farms, every convenience is at your fingertips. Plus, families will appreciate the proximity to Santa Monica's top-rated schools, ensuring a quality education for young learners. Plus, explore the added opportunity of converting the garage into an Accessory Dwelling Unit (ADU), providing additional living space or rental income. Huge Development/Investment Potential: Build up to a 13-unit apartment/condo building on the site with the application of the State Density Bonus Law and State Multifamily ADU Law. Because this property qualifies for the State Density Bonus Law, a developer could build up to 4 stories (instead of 2) and get significantly reduced setbacks on all sides. Because the property is on a corner with an alley, any development would be open on 3 sides - allowing for great sunlight and unobstructed views. Because the development would be replacing a single family home that is not subject to rent control, the new development would also be exempt from both city and state rent control - a huge and rare advantage in a jurisdiction like Santa Monica. This property has the potential to be a true trophy asset and cash cow in one of the strongest rental markets in the nation.
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Open House
5/4/2024 1:00 PM - 4:00 PM
1302 Yale Street Santa Monica, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralCooling None
Appliances Dishwasher Microwave Dryer Washer
Zoning SMR2*
Architectural Style Contemporary
Pool Features None
Year Built 1941
Stories 1
Levels One
Property SubType SingleFamilyResidence
County Los Angeles
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions North of Santa Monica Blvd West of Bundy Dr
City Santa Monica
View Y/N Y
Senior Community Y/N N
MLS Area C14 - Santa Monica
Lot Size Square Feet 6219.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Yale
Spa Features None
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 8
Standard Status Active
Property Sub Type Additional SingleFamilyResidence
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InteriorFlooring Wood
Furnished Y/N Unfurnished
Fireplace Features None
Total Stories 0
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 1
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Laundry Features Inside
Total Bedrooms 2
Electric On Property Y/N N
Total Baths 1
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ExteriorParking Features Driveway
Total Parking 2.0
Lot Size Area 6219.0
Spa N
Building Area Total 1010.0
Lot Size Acres 0.1428
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByCyrus Pacific Realty, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $13,621
- 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 NearbySingle family listings in Santa Monica, CA
Average List Price $5,422,852
Percent of Sale Price 178%
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 |
---|
4/24/2024 | $1,950,000 | | Listed Price |