What a location for this undeveloped parking lot! Right off of Santa Monica's trendy Main St retail district, this corner lot with 150 ft (per assessor) total of street frontage is waiting for your vision. Zoned OP2, Santa Monica's zoning code says you can build up to two residential units on this lot. Having the corner lot is fabulous in this situation, as it allows you to position the two units to make vehicular access easy and maximize buildable square footage that the City will allow you to build. On the other hand, the parcel is already striped for 17 parking spaces so why not lease it out as a parking lot to Main St businesses? Anyone who has dined, shopped, or had meetings on Main St knows parking is tight. Take advantage of that parking demand and supply spaces for a low maintenance, don't-have-to-deal-with-tenants paycheck each month. There are 27 (!!!) restaurants within two blocks of this lot, plus additional retail and office spaces, creating plentiful vehicular and pedestrian traffic in the area. Whether you are a developer looking to start your next project from scratch, or a residential landlord wanting to 1031 exchange into something with a lot fewer headaches, this undeveloped parking lot off of Santa Monica's Main St is right for you!
|
DAYS ON MARKET
|
90
|
LAST UPDATED
|
7/13/2021
|
|
YEAR BUILT
|
0
|
COMMUNITY
|
Santa Monica
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Lot/Land/Acreage
|
|
|
|
Prior to Apr 26, '21
|
$1,875,000
|
| Apr 26, '21 - Today |
$1,695,000 |
| AREA |
Santa Monica |
| LOT |
4792 sq ft |
| LOT DESCRIPTION |
Corners Marked, Flat, Rectangular Lot, Value In Land |
| LOT DIMENSIONS |
100x50 |
| SEWER |
Other |
| UTILITIES |
Overhead Utilities |
| VIEW DESCRIPTION |
None |
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Listed with Pardee Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/26/24 9:51 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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