Bought with Steven Mullins • Vista Sotheby’s International Realty
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Key Details
Sold Price $1,925,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,319 sqft
Price per Sqft $1,459
MLS Listing ID CRSB24001294
Sold Date 05/31/24
Bedrooms 1
Full Baths 2
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1949
Lot Size 4,359 Sqft
Property Description
Tremendous opportunity for developers and owner/users alike. Project is shovel ready, and includes fully-approved, ready-to-issue permits. Purchase includes architectural plans for two stunning, detached coastal-modern townhomes conceptualized by Wolf Brothers Development and designed by Mark Trotter of Trotter Building Designs. Concave, R2 lot offers the potential for spectacular, panoramic ocean views from both units. Projected building costs and recent sales comps make this an excellent ROI opportunity. // Plans show 6,336 total square feet split between two luxurious freestanding, multi-level homes each with an elevator. UNIT A: 3 beds, 4 baths, 2,671sf of living space, with 706sf of decks including a huge rooftop deck. UNIT B: 4 beds, 5 baths, den, bonus room, 3,665sf of living space, with 528sf of decks. Both units offer MASSIVE ocean views stretching from Palos Verdes to Malibu. // Run the numbers, you’ll like what you see: comps easily support $950-$1,000/sf. Location is excellent: steps to award-winning schools, world-famous beaches, fine dining, and lively nightlife. Buy today and bypass the 1-2 years waiting for permits with the city building department. All due diligence is completed, you can start building these beautiful homes immediately. // View the YouTube link
Location
State CA
County Los Angeles
Interior
Cooling None, See Remarks
Fireplaces Type See Remarks
Fireplace Yes
Laundry None, See Remarks
Exterior
Garage Spaces 2.0
Pool None
View Ocean
Parking Type Attached
Private Pool false
Building
Story 1
Water Public
Schools
School District Manhattan Unified
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