2338 Ocean Park BLVD, Santa Monica, CA 90405
2338 Ocean Park BLVD, Santa Monica, CA 90405
2338 Ocean Park BLVD, Santa Monica, CA 90405
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$4,000,000
Est. payment /mo
0.32 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26632711

HOA Y/N No

Lot Size 0.321 Acres

Property Description

First time on the market in over 35 years and located along a prime westwardly corridor to the beach. This property is a double lot with a total of 13,980 SF R-3 in the city of Santa Monica. Currently, the property is a 3,700 SF vacant motel and parking lot. The property is located in the City of Santa Monica and is zoned Medium Density Residential. The property includes two parcels totaling 0.161 acres. The project is not located within a fire hazard area nor flood zone. The property has a potential to build 11 units by right and a total of 23 units with 4 units set aside as affordable using AB 1287 (stackable density bonus law). Although, the offering has a building with all utilities in place, the property is aggressively priced at a land value of $286.12/SF

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR3*

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 4272022008

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Listed by Luis Ruiz LAR Realty, Inc. #01295320

NEARBY SCHOOL & BUSINESS

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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Phone*

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