122 Strand Street, Santa Monica CA, 90405
(Active)
$2,050,000
|
100 sqft
|
MLS# SB24023354
Last Updated: 5/20/2024 2:56 AM
Description for
122 Strand Street
Santa Monica, CA 90405
Owner Says Sell! Shovel Ready development opportunity Located in one of LA's most prestigious neighborhoods-Ocean Park in Santa Monica, this rarely available development lot is entitled and ready to be built tomorrow-Just steps away from the beach, Santa Monica's main street with its trendy boutiques and famed restaurants. Prime for immediate development-this lot comes with fully entitled plans outlining a two-story, three unit condominium project with subterranean parking and private outdoor space. The plan design by iconic Santa Monica Based Architecture Firm-Mike Folonis Architects truly maximize the potential of this rare lot so close to the beach. Centered in the midst of so many attractions including, the Strand bike path with 22 miles of inspiring coastal scenery, the World Famous Santa Monica Pier, Shutters On the Beach Hotel, Casa Del Mar Hotel, The Viceroy, 3rd Street Promenade and famed Abbot Kinney neighborhood, this property is truly unique. //Property specs are as follows: Unit 1: 2 Bedrooms, 3.5 bathrooms, 2,110 sq ft living space, Patio (front) 541 sq ft, Patio (side) 232 sq ft, 2nd Floor Deck 135 sq ft, Roof Deck 164 sq ft. // Unit 2: 2 Bedrooms, 2.5 bathrooms, 1,530 sq ft living space, Patio (side) 241 sq ft. // Unit 3: 2 Bedrooms, 2.5 bathrooms, 1,275 sq ft living space, Patio (rear) 736 sq ft. Each unit comes with a two-car garage. Plans, Permits, and supporting documents available upon request-link provided.
Price
$2,050,000
Los Angeles
100 (approx)
SB24023354
Active
Description
Owner Says Sell! Shovel Ready development opportunity Located in one of LA's most prestigious neighborhoods-Ocean Park in Santa Monica, this rarely available development lot is entitled and ready to be built tomorrow-Just steps away from the beach, Santa Monica's main street with its trendy boutiques and famed restaurants. Prime for immediate development-this lot comes with fully entitled plans outlining a two-story, three unit condominium project with subterranean parking and private outdoor space. The plan design by iconic Santa Monica Based Architecture Firm-Mike Folonis Architects truly maximize the potential of this rare lot so close to the beach. Centered in the midst of so many attractions including, the Strand bike path with 22 miles of inspiring coastal scenery, the World Famous Santa Monica Pier, Shutters On the Beach Hotel, Casa Del Mar Hotel, The Viceroy, 3rd Street Promenade and famed Abbot Kinney neighborhood, this property is truly unique. //Property specs are as follows: Unit 1: 2 Bedrooms, 3.5 bathrooms, 2,110 sq ft living space, Patio (front) 541 sq ft, Patio (side) 232 sq ft, 2nd Floor Deck 135 sq ft, Roof Deck 164 sq ft. // Unit 2: 2 Bedrooms, 2.5 bathrooms, 1,530 sq ft living space, Patio (side) 241 sq ft. // Unit 3: 2 Bedrooms, 2.5 bathrooms, 1,275 sq ft living space, Patio (rear) 736 sq ft. Each unit comes with a two-car garage. Plans, Permits, and supporting documents available upon request-link provided.
Listing Information
| Property Type: Single Family, Triplex, Multi-Family, Other | ||
| 0.14 Acres | Assessor | 100 (approx) |
| 1952 | ||
Public
Public Sewer
Neighborhood
School Information
| District: Santa Monica-Malibu Unified | ||
Room Information
| Bathrooms: Main Level: 2 | |||
Main Level: 2
None
Interior Features
None
No Common Walls
na
None
Exterior / Lot Features
0 Covered Parking Spaces,
None
Ocean
SMOP3*
2-5 Units/Acre
Driving Directions
Neilson to Strand
Financial Considerations
| 4289023025 |
Cash,Conventional,Contract,Owner May Carry
Paperwork for Architectural Plans, Permits, and Supporting Documents
Listing Price History
Santa Monica Real Estate
Santa Monica is located in California. Santa Monica, California 90405 has a population of 92,581.
The median household income in Santa Monica, California 90405 is $105,304. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Santa Monica 90405 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 5/3/2024 | Active | $2,050,000 USD -4.65% |
|
| 4/16/2024 | Active | $2,150,000 USD -4.44% |
|
| 3/11/2024 | Active | $2,250,000 USD -6.25% |
|
| 2/1/2024 | Active | $2,400,000 USD -11.52% |
|
| 3/30/2022 | Sold | $2,712,500 USD | public records |
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $33,168 USD | 1.89% | $2,766,750 USD | 2.69% |
| 2022 | $32,552 USD | 2.33% | $2,694,284 USD | 2.00% |
| 2021 | $31,812 USD | 2.07% | $2,641,456 USD | - |
| 2020 | $31,168 USD | -0.04% | $2,641,456 USD | 1.04% |
| 2019 | $31,182 USD | 6.31% | $2,614,372 USD | 2.00% |