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PRICE $2,550,000 dsIDX morgage calculator
BEDS 2
BATHS 1 bath
HOME SIZE 1,256 sq ft
LOT SIZE 7,511 sqft

The subject property is a historical home with potential to rehabilitate the existing cottage on the property and add 3 units as per plans. The comparables used to evaluate the property are recent townhome sales in the area. The comparable with the most effective data to project a value is 954-956 A-C 5th St. This property had development potential at the time of sale, the existing historic home on the property was rehabilitated and the developer added 3 additional units all approximately the same size as our subject property's architectural assumptions. Condominiums in this highly desired pocket of Santa Monica sell for $2,500,000 on average, and a developer would have the opportunity to build 3 more units behind the existing cottage and later sell all four (4) condos for a total of $10,000,000. This is a huge spread and a great value-add opportunity for any developer to capitalize on the hot condominium market in Santa Monica.

DAYS ON MARKET 12 LAST UPDATED 3/26/2019
YEAR BUILT 1907 COMMUNITY Santa Monica (C14)
COUNTY Los Angeles STATUS Pending
PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIROther
AIR CONDITIONINGYes
AREASanta Monica (C14)
FIREPLACEYes
GARAGEOther, Yes
HEATOther
LOT7511 sq ft
POOL DESCRIPTIONNo Pool
STYLECottage
VIEWYes
VIEW DESCRIPTIONOther View
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by David Harrington CalDRE:01320460, Matthews Real Estate Investment Services

Based on information from CARETS as of 3/26/19 6:09 PM PDT. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

This IDX solution is (c) Diverse Solutions 2019.

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