122 Strand St Santa Monica, CA 90405
This exceptional 0.139-acre lot in Santa Monica's coveted Ocean Park neighborhood presents a rare development opportunity. Priced at $1,975,000, this Class A property boasts a permitted SMOP3 zoning designation and offers approximately 6,000 square feet of buildable space. Located just steps from the iconic Santa Monica beach and the vibrant Third Street Promenade, this location provides unparalleled access to trendy boutiques, acclaimed restaurants, and the renowned Santa Monica Pier. The property's central location also places it within easy reach of the Strand bike path, Malibu State Park, and luxurious hotels like Shutters on the Beach and Casa Del Mar. Built in 1952, the existing structures on the 100 square foot lot are to be replaced. The property's address is 122 Strand Street, Santa Monica, CA 90405, with APN 4289023025. This is a unique chance to create a remarkable property in one of Los Angeles' most desirable areas. The potential for maximizing this prime real estate is significant, making this a truly exceptional investment. Don't miss this opportunity to build your vision in this unparalleled location. This property is ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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