For Sale
$2,195,000
Est. $12,292/mo2005 4th Street, Santa Monica, CA 90405
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About this home
NOT ON THE MARKET IN 60 YEARS & VACANT; 4 BLOCKS TO BEACH. 3 Cottages, currently vacant & uninhabitable/could be restored. HIGHEST AND BEST USE: Build 4 New Condos (one block away, 1 condo SOLD LAST YEAR FOR $2.5M: check 1919 4th Street). OR build LARGER MULTI UNIT taking advantage of NEW CA DENSITY BONUSES (10 units nextdoor are on the same size lot, some restrictions apply) SB 79 may apply.. Per ARCHITECT, 3 New Units of 1750 +/- sf each can be built PLUS 1 Jr ADU; OR OR RESTORE COTTAGES & add 4th Jr ADU, Rent Short Term (30 days +) for MASSIVE CASH FLOW. NO TENANTS for 60 years means NO low-income & rent control issues IF you build 4 units, but YOU COULD BUILD MORE.. ZONING ANALYSIS ATTACHED (See attached DOCS) from 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 may not be reliable. Do your own investigations & verify with City of Santa Monica. Feel free to call the Architect, name & number on Zoning Analysis in Docs.
Property Facts
bathtub
Bathrooms
0
landscape
Lot Size
5,328 sqft
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Days on Market
0
payments
HOA Fee
N/A
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MLS #
26867165
Interior Details
Parking
Exterior & Lot
Lot & Grounds
Water Source
Public
Mortgage Calculator
Total Monthly
$0
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$0Property Tax:
$0Home Insurance:
$0HOA Fees:
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Nearby Schools
| Rating | School Name |
|---|---|
10 | Santa Monica High High School |
9 | Ocean Park School House Elementary School |
2 | Olympic High (Continuation) High School |
7 | Will Rogers Elementary Elementary School |
N/A | PS1 PLURALISTIC SCHOOL Private School |
Convenience Score
Market Insights
90405|Santa Monica
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Estimated Value
Calculating...
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Market Temperature
Seller'sBalancedBuyer's
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Balanced
Balanced market
30 Days
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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Flood & Climate Risk
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
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Noise Levels
TrafficQuiet residential street
AirportMinimal airport noise
CommercialLow commercial activity nearby
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