Property Description

NOT ON THE MARKET IN 60 YEARS & VACANT; 4 BLOCKS TO BEACH. 3 Cottages, currently vacant & uninhabitable/could be restored. HIGHEST AND BEST USE: Build 4 New Condos (one block away, 1 condo SOLD LAST YEAR FOR $2.5M: check 1919 4th Street). OR build LARGER MULTI UNIT taking advantage of NEW CA DENSITY BONUSES (10 units nextdoor are on the same size lot, some restrictions apply) SB 79 may apply.. Per ARCHITECT, 3 New Units of 1750 +/- sf each can be built PLUS 1 Jr ADU; OR OR RESTORE COTTAGES & add 4th Jr ADU, Rent Short Term (30 days +) for MASSIVE CASH FLOW. NO TENANTS for 60 years means NO low-income & rent control issues IF you build 4 units, but YOU COULD BUILD MORE.. ZONING ANALYSIS ATTACHED (See attached DOCS) from ARCHITECT FROM SANTA MONICA ARCHITECTURAL REVIEW BOARD; exceptions for lot width may apply; Parking access from Alley. 4 BLOCKS TO BEACH & Prime Main Street, SaMoHi and Downtown Santa Monica very close, PCH & 10 access. Statements from this listing may not be reliable. Do your own investigations & verify with City of Santa Monica. Feel free to call the Architect, name & number on Zoning Analysis in Docs.

Property Features