Paul Lupi Westside Real Estate
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Paul Lupi Westside Real Estate
Serving Santa Monica, Marina del Rey and the Westside #01992906

1124 7th Street, Santa Monica, CA 90403 (MLS # 19444468)

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PRICE $2,550,000
BEDS 2
BATHS 1 full
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 Login to view Days on Market LAST UPDATED 3/23/2019
YEAR BUILT 1907 COMMUNITY Santa Monica
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential, Single Family Residence


ADDITIONAL DETAILS
ARCHITECTURALSTYLE Cottage
COOLING See Remarks
FIREPLACEFEATURES See Remarks
FLOORING See Remarks
HEATING See Remarks
LAUNDRYFEATURES See Remarks
LISTAGENTSTATELICENSE 01320460
LOTSIZEUNITS Square Feet
MAJORCHANGETYPE New Listing
MLSAREAMAJOR C14 - Santa Monica
PARKINGFEATURES Other
POOLFEATURES None
PROPERTYSUBTYPE Single Family Residence
PROPERTYTYPE Residential
ROOMTYPE See Remarks
SPAFEATURES None
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
VIEW See Remarks

ZESTIMATE
$2697017  1124 7th Street, Santa Monica, CA

RENT ZESTIMATE
$7500 / mo.  1124 7th Street, Santa Monica, CA

88 Very Walkable



 
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Listing provided by : David Harrington License # 01320460, Matthews Real Estate Investmen

Based on information from CARETS as of 3/24/19 2:00 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.

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