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Key Details
Sold Price $12,419,020
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19514682
Sold Date 12/19/19
HOA Y/N No
Property Description
DEV SITE: 22,527± SF Corner Lot SM - 3 Blocks to Beach. Price Reduced by $1.25MM! 858-860 3rd Street is located in Santa Monica, and sits on a 22,527 sf corner lot, just three blocks from the ocean, 1 block to Montana Avenue, and walking distance to the shops, restaurants, & entertainment of the Third Street Promenade & Ocean Avenue. The seller pursued entitlements for 24 luxury condos, comprised of two buildings with a central courtyard (24 luxury condos total). Architectural plans and approval conditions are available on the property website. There is currently an existing value-add garden style apartment community of 28 units, which was built in 1954 and features a unit mix of spacious 14 - one bedroom, one bath and 14 - two bedroom, one bath units. Some of the units have been upgraded with new kitchen cabinets, marble quartz countertops, glass back splash, and stainless-steel appliances, new flooring throughout and air conditioning. 2nd APN: 4292-024-010 (858 3rd St).
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Fireplace No
Others
Tax ID 4292024011
Special Listing Condition Standard
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