Spectacular investment development opportunity near prime downtown Santa Monica encompassing R2 zoning. Adjacent to Lincoln with quick access to the fwy this is an incredible opportunity for both the rental investor or multiunit Development Company looking to build widely popular Multi unit luxury apartments or Condos/Townhomes. This 7505 sq foot lot currently has 3 income-producing units encompassing one main house (2 bdr 1 bth) and 2 attached rear units (1 bdr 1 bth each) encompassing a total combined 1425 sq feet. Off street parking and a boutique Mini Park like yard make this a perfect rental income investment property. Santa Monica rental values are continuing to increase and have gone up 22% (Zillow estimate) alone in the last 30 days on this property. Extremely high walking and transit scores (86 & 78) make this a highly desirable sought out location with Metro Access just a few blocks away. Dont miss this great opportunity to acquire one of the best locations in Santa Monica.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
