330 16Th StSanta Monica, CA 90402

Property Details for 330 16Th St

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 7,492 square foot lot presents a unique residential redevelopment opportunity in Santa Monica's prestigious North of Montana neighborhood. Located at 330 16th Street, 90402, this property boasts an enviable location on a tree-lined street, surrounded by multi-million dollar homes. Currently occupied by a 2,487 square foot single-family home built in 1946, the lot is zoned SMR1*, offering significant potential for a custom luxury home build. The land value is assessed at $527 per square foot, with an asking price of $3,950,000. This prime location offers easy walkability to the upscale shops and restaurants of Montana Avenue, providing residents with convenient access to a vibrant lifestyle. The property's size and zoning regulations provide ample opportunity for a discerning buyer to create a truly exceptional residence in one of Southern California's most desirable areas. This is a rare chance to acquire a substantial lot in a highly sought-after neighborhood, perfect for those seeking to build their dream home in a luxurious and convenient setting. The existing structure provides immediate income potential while redevelopment plans are underway. Don't miss this chance to own a piece of Santa Monica's coveted real estate market.

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0386

Longitude

-118.499

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