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Property profile & analytics
OFF-MARKET
Commercial real estate

122 Strand St Santa Monica, CA 90405

100 SF 0.14 ac lot Built 1952
Entity Owned 1-yr Hold
Property ID
US09-9523708
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1952
Total area 100 SF
Lot 0.14 ac (6,055 SF)
APN 4289023025
UPID US09-9523708
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Strand & Ocean LLC · 1 yrs held
Strand & Ocean LLC
since 2024
4 recorded transactions
2024
$1.6M
2024
Price N/A
2022
$2.7M
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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