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$ 1,995,000
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Price Dropped by $200K
2005 4th St Santa Monica, CA 90405
5,328 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26867165
Lot Size 5,328 Sqft
Acres 0.1223
Property Description
SB 79 ALLOWS FOR DENSITY BONUS (MORE UNITS) BUILT NEAR TRANSIT STOPS, may apply. 4 BLOCKS TO BEACH. 3 Cottages, currently vacant and uninhabitable. HIGHEST AND BEST USE: Build MULTI UNIT taking advantage of NEW CA DENSITY BONUSES (10 units nextdoor are on the same size lot) Some restrictions may apply. SB 79 may apply, (see additional density bonuses in DOCS). OR: Build 4 New Condos (one block away, 1 condo SOLD LAST YEAR FOR $2.5M: check 1919 4th Street). Not on market in 60 years. Per ARCHITECT, 3 New Units of 1750 +/- sf each could be built PLUS 1 Jr ADU; NO TENANTS for 60 years. ZONING ANALYSIS ATTACHED (See attached DOCS) by 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 not guaranteed of course; do your own investigations & verify all with City of Santa Monica.
Location
State CA
County Los Angeles
Area Santa Monica
Zoning SMOP2*
Exterior
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Building
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Listed by Coldwell Banker Realty
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