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$ 1,350,000
Est. payment | /mo
2 Beds
1 Bath
608 SqFt
$ 1,350,000
Est. payment | /mo
2 Beds
1 Bath
608 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 608 sqft
Price per Sqft $2,220
MLS Listing ID IN26135103
Bedrooms 2
Full Baths 1
Year Built 1923
Lot Size 2,012 Sqft
Property Sub-Type Detached
Property Description
652 Navy St, Santa Monica, CA 90405 Redevelopment Opportunity Ocean Park / Santa Monica Rare opportunity to acquire a property in one of Santa Monicas most desirable coastal neighborhoods. Located on Navy Street, this approximately 2,012 sq. ft. lot offers investors, developers, and end users the opportunity to create a future custom residence or explore redevelopment potential, subject to City approvals. Recent nearby redevelopment and luxury new-construction sales demonstrate the strong demand for newly built homes on smaller coastal lots: Recent Redevelopment / New Construction Comparable Sales 645 Navy St, Santa Monica Sold for $3,119,388 3 Beds | 3 Baths | 1,806 Sq. Ft. Approx. 2,000 Sq. Ft. Lot Brand-new architectural home featuring high-end finishes and modern coastal design. 647 Navy St, Santa Monica Pending Sale for $2,995,000.00 Approximately 1,806 Sq. Ft. residence on Navy Street, demonstrating the premium buyers have historically placed on this location. These comparable sales highlight the significant upside potential for a buyer who can transform 652 Navy Street into a modern luxury residence. The property benefits from its proximity to the beach, Main Street, Abbot Kinney Boulevard, restaurants, shopping, and the highly desirable Santa Monica lifestyle. Investment Highlights Prime Navy Street location Approx. 2,012 sq. ft. lot Existing structure with redevelopment potential Strong precedent for $3M+ luxury sales nearby Ideal for developers, investors, or owner-users seeking a coastal Santa Monica project Buyer to verify all zoning, development opportunitie
Location
State CA
County Los Angeles
Zoning SMOP1*
Direction West of Rose South of Lincoln Blvd
Interior
Fireplace No
Exterior
Garage Spaces 1.0
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 1
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Tax ID 4287036008
Acceptable Financing Conventional, FHA, VA
Listing Terms Conventional, FHA, VA
Special Listing Condition Standard
Virtual Tour https://www.wellcomemat.com/mls/55ne3d0ab37f1m6h6
Listed by Noe Blanco, DRE#01787137 RE/MAX Alliance Group
NEARBY SCHOOL & BUSINESS
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