2 Beds
1 Bath
608 SqFt
2 Beds
1 Bath
608 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 608 sqft
Price per Sqft $2,220
MLS Listing ID IN26135103
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 2,012 Sqft
Property Sub-Type Single Family Residence
Property Description
Redevelopment Opportunity – Ocean Park / Santa Monica
Rare opportunity to acquire a property in one of Santa Monica's most desirable coastal neighborhoods. Located on Navy Street, this approximately 2,012 sq. ft. lot offers investors, developers, and end users the opportunity to create a future custom residence or explore redevelopment potential, subject to City approvals.
Recent nearby redevelopment and luxury new-construction sales demonstrate the strong demand for newly built homes on smaller coastal lots:
Recent Redevelopment / New Construction Comparable Sales
• 645 Navy St, Santa Monica
Sold for $3,119,388
3 Beds | 3 Baths | 1,806 Sq. Ft.
Approx. 2,000 Sq. Ft. Lot
Brand-new architectural home featuring high-end finishes and modern coastal design.
• 647 Navy St, Santa Monica
Pending Sale for $2,995,000.00
Approximately 1,806 Sq. Ft. residence on Navy Street, demonstrating the premium buyers have historically placed on this location.
These comparable sales highlight the significant upside potential for a buyer who can transform 652 Navy Street into a modern luxury residence. The property benefits from its proximity to the beach, Main Street, Abbot Kinney Boulevard, restaurants, shopping, and the highly desirable Santa Monica lifestyle.
Investment Highlights
Prime Navy Street location
Approx. 2,012 sq. ft. lot
Existing structure with redevelopment potential
Strong precedent for $3M+ luxury sales nearby
Ideal for developers, investors, or owner-users seeking a coastal Santa Monica project
Buyer to verify all zoning, development opportunities, permits, and allowable uses with the City of Santa Monica.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP1*
Rooms
Main Level Bedrooms 2
Interior
Interior Features All Bedrooms Down
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Biking, Curbs, Park, Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Value In Land
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Santa Monica-Malibu Unified
Others
Senior Community No
Tax ID 4287036008
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Special Listing Condition Standard, Trust
Virtual Tour https://www.wellcomemat.com/mls/55ne3d0ab37f1m6h6
Nearby Locations
GET MORE INFORMATION
REALTOR® | Lic# DRE# 02167751