817 12th Street, Santa Monica
$5,125,000 - 7 Beds, 5 BathsMLS® # SR24031982
$6,500,000
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Price Reduced by $750,000
100% Vacant—The property was vacated utilizing the Ellis Act guidelines in 2019, providing new ownership multiple investment strategies.
Potential Redevelopment Site— 210 California provides a wide range of investment strategies for new owners, including renovating the current building or redeveloping the site. Santa Monica, which was granted a prohousing designation by the Governor in February of this year, has made its development process more efficient. This allows for the possibility of receiving additional funding and faster approval for new housing developments.
Walkable, Vibrant and Highly Amenitized Neighborhood— Santa Monica offers a picturesque beach town setting with a plethora of attractions, renowned shopping, dining options, vibrant nightlife, and entertainment venues. Those residing in 210 California benefit from convenient access to various lifestyle amenities, whether by foot, bike, or car. The Third Street Promenade, located just a short 5-minute walk away, provides an ideal destination for upscale shopping, dining, and entertainment. This pedestrian-friendly area, situated east of the Pier, comprises three car-free blocks and is centered around Santa Monica Place, which houses over 80 retailers. Starting at the Santa Monica Place shopping center, the Third Street Promenade extends northward towards Wilshire Blvd.
Biking, Dog Park, Storm Drain(s), Street Lights, Sidewalks, Water Sports
Near Public Transit, Street Level, Value In Land
MLS® # SR24031982
Based on information from California Regional Multiple Listing Service, Inc. as of May 14th, 2024 at 2:55pm PDT. 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.