1124 7th Street Santa Monica, CA 90403

$2,550,000  
1,256 Sq.Ft. Sold On: 4/18/2019
2 Beds
1 Bath
Built: 1907
Sold
1124 7th Street, Santa Monica, CA 90403 | MLS #19444468  Photo 1
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.
Status:Sold
Property Type:Single Family Residence
MLS #:19444468
Year Built:1907
Sq. Feet:1256
Date Sold:4/18/2019
Lot Size:0.17 Acres

Detailed Maps

Community Information

Address:1124 7th Street Santa Monica, CA 90403
Area:(C14) Santa Monica
Zip Code:90403

Architecture

Bedrooms: 2
Bathrooms: 1
Year Built:1907
Style:Cottage
Parking: Other

Features / Amenities

Total Sq. Ft.:1256
Floor Material: See Remarks
Rooms: See Remarks
Fireplace(s): See Remarks
Cooling Type: See Remarks
Heating Type: See Remarks

Property Features

Lot Size: 0.17 Acres / 7511 Sq. Ft.
View: See Remarks
Zoning:SMR2*
Directions:Wilshire Blvd. and 7th St.

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Listing Information Last Updated 5/23/2019
Listing provided courtesy of David Harrington, Matthews Real Estate Investmen.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/23/2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Property Summary:
Home for sale at .

Description: The home at 1124 7th Street Santa Monica, CA 90403 with the MLS Number 19444468 is currently listed at $2,550,000 and has been on the Santa Monica market for 69 days.

GeoCoordinates:
-118.496717
34.022028

List Price: $2,550,000

You are viewing the MLS property details of the home for sale at 1124 7th Street Santa Monica, CA 90403, which includes 2 bedrooms, 1 bathrooms and has approximately 1256 sq.ft. of living area.