Property
| Ownership: | For Sale |
|---|---|
| Area: | 5328 sq ft |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,995,000
Listing Courtesy of Coldwell Banker Realty
2005 4th St Santa Monica La
Description
RESTORE 3 1924 BUNGALOW COTTAGES? BUILD 3 CONDOS + 1 JR ADU? BUILD MORE UNITS? SB 79 ALLOWS FOR DENSITY BONUS (MORE UNITS) BUILT NEAR TRANSIT STOPS, may apply. 4 BLOCKS TO BEACH. 3 Cottages, currently vacant and uninhabitable. HIGHEST AND BEST USE: Build MULTI UNIT taking advantage of NEW CA DENSITY BONUSES (8 units nextdoor are on the same size lot) Some restrictions may apply. SB 79 may apply, (see additional density bonuses in DOCS). OR: Build 4 New Condos (one block away, 1 condo SOLD LAST YEAR FOR $2.5M: check 1919 4th Street). Not on market in 60 years. Per ARCHITECT, 3 New Units of 1750 +/- sf each could be built PLUS 1 Jr ADU; NO TENANTS for 60 years. ZONING ANALYSIS ATTACHED (See attached DOCS) by ARCHITECT from SANTA MONICA ARCHITECTURAL REVIEW BOARD; exceptions for lot width may apply; Parking access from Alley. 4 BLOCKS TO BEACH & Prime MAIN STREET, SaMoHi and DOWNTOWN SANTA MONICA very close, PCH & 10 access. Statements from this listing not guaranteed of course; do your own investigations & verify all with City of Santa Monica.
Neighborhood
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
