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Tracy Thrower Conyers

team@homesforsalebeachcities.com +1(424) 229-1634

$3,295,000

Est. payment - /mo

3 Beds

2 Baths

1,536 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,536 sqft

Price per Sqft $2,145

MLS Listing ID 26841783

Bedrooms 3

HOA Y/N No

Year Built 1925

Lot Size 7,501 Sqft

Property Description

A rare chance to acquire a fully entitled, ready-to-issue development site in the heart of Santa Monica, no entitlement risk, no waiting on the city, just permits and a shovel. Situated on a 7,500 square foot lot at 1434 14th Street, this RTI package delivers approved plans for a 3-story, 9-unit apartment building plus one ADU, over a full level of subterranean parking. The unit mix includes 1 three-bedroom, 3 two-bedrooms, 3 one-bedrooms, and 2 affordable two-bedroom units, a well-balanced program designed to maximize density while satisfying Santa Monica's Tier 2 Community Benefits requirements. Total building area comes in at approximately 11,444 square feet across three floors, with 10 parking spaces in the subterranean garage. The project was permitted under SMR3 zoning with a 35% density bonus, pushing the allowable unit count from 6 base units to 9. The existing improvements, a 1925 California Bungalow duplex, have been vacated and are sold as-is. The value is in the land and the entitlements. The location delivers everything Santa Monica multifamily tenants demand: walkable to several shops and restaurants, the Expo Line, Third Street Promenade, and the beach. High walk and bike scores virtually eliminate car dependency, which is exactly what the next generation of renters is underwriting. Opportunities to purchase a shovel-ready 9-unit site in Santa Monica at this price point don't come around often. Priced to reflect the land and approved entitlements.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR3*

Rooms

Other Rooms Shed(s)

Interior

Heating Central, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Uncovered

Pool None

View Y/N No

View None

Porch None

Private Pool No

Building

Lot Description Back Yard, Lawn, Value In Land, Yard

Faces East

Story 1

Entry Level One

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 4282022027

Special Listing Condition Standard

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Listed by Steve Sawai Compass #00607215

NEARBY SCHOOL & BUSINESS

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD | License ID: 01712960

Broker Associate, JD License ID: 01712960

1434 14th ST Santa Monica, CA 90404

Tracy Thrower Conyers

Key Details

Location

Rooms

Interior

Exterior

Building

Others