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227 Alta Avenue, Santa Monica, California 90402, Santa Monica, 90402 - 2 bed, 2 bath

227 Alta Avenue, Santa Monica, California 90402 home-pic-0
ACTIVE$5,495,000
227 Alta Avenue, Santa Monica, California 90402
2Beds
2Baths
2,000Sqft
10,629Lot

Price Vs. Estimate

The estimated value ($5,486,064.38) is $8,935.62 (0%) lower than the list price ($5,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Coastal Location: Situated on the coveted first block of Alta Avenue in Santa Monica, offering unparalleled access to Palisades Park, the beach, and world-class ocean views.
Top Cons:
Tear-Down Required: The existing 1971-built, 2,000 sqft structure is sold 'As-Is' and is effectively a tear-down, necessitating demolition costs and a complete new build.

Compared to the nearby listings

Price:$5.50M vs avg $5.50M (+$0)50%
Size:2,000 sqft vs avg 3,130 sqft22%
Price/sqft:$2.7K vs avg $1.7K95%

More Insights

Built in 1971 (54 years old).
Condition: The property was built in 1971, making it over 50 years old. The listing explicitly states the existing house is being sold 'strictly As-Is' and emphasizes the value of the lot for building a new 'dream home,' even including renderings of a proposed new construction. The complete absence of interior photos for the existing 2,000 sqft house, combined with the 'As-Is' clause and the focus on redevelopment, strongly indicates the current structure is considered to be beyond repair or not worth renovating, and its value is solely in the land.
Year Built
1971
Close
-
List price
$5.5M
Original List price
$5.75M
Price/Sqft
$2,748
HOA
-
Days on market
-
Sold On
-
MLS number
25551689
Home ConditionTear down
Features
Excellent View: None
View-

About this home

Very rare 10,629 square foot lot (51x 208) located on a quiet portion of the coveted, wide, first block of Alta Avenue between Ocean Avenue and 4th Street on the sunny side of the street. Listing is for the lot only - no plans. Design concept renderings by award-winning firm Matt Garcia Design for an approximately 7,000 sqft main house featuring classic Southern California indoor/outdoor living with a large resort style backyard and ADU potential. Existing house is being sold strictly "As-Is". It is approximately 2,000 sqft with 2bd + 2ba plus office and den and surrounded by tall, mature, hedges. Moments to Montana Avenues best shops, cafes and restaurants. Half block from Palisades Park, overlooking Santa Monica beach and the Pacific Ocean with world class views and sunsets and just 8-minutes from your front door to the sand! Come build you dream home and enjoy the very best of Southern California's dream lifestyle!

Nearby schools

8/10
Roosevelt Elementary School
Public,•K-5•0.4mi
9/10
Franklin Elementary School
Public,•PK-5•1.6mi
5/10
Brentwood Science School
Public,•K-5•2.6mi
8/10
Lincoln Middle School
Public,•6-8•1.1mi
8/10
Santa Monica High School
Public,•9-12•1.7mi
Condition Rating
Tear down
The property was built in 1971, making it over 50 years old. The listing explicitly states the existing house is being sold 'strictly As-Is' and emphasizes the value of the lot for building a new 'dream home,' even including renderings of a proposed new construction. The complete absence of interior photos for the existing 2,000 sqft house, combined with the 'As-Is' clause and the focus on redevelopment, strongly indicates the current structure is considered to be beyond repair or not worth renovating, and its value is solely in the land.
Pros & Cons

Pros

Prime Coastal Location: Situated on the coveted first block of Alta Avenue in Santa Monica, offering unparalleled access to Palisades Park, the beach, and world-class ocean views.
Expansive & Rare Lot: A substantial and rare 10,629 sqft lot in Santa Monica, providing ample space for a significant luxury residence and extensive outdoor amenities.
Development Potential: The lot offers exceptional potential for a large, custom-built luxury home (concept for 7,000 sqft) with a resort-style backyard and ADU possibilities.
Award-Winning Design Concepts: Professional design concept renderings by award-winning firm Matt Garcia Design are available, providing a clear vision for a high-end custom build.
Walkability & Lifestyle: Moments away from Montana Avenue's premier shops, cafes, and restaurants, enhancing the desirable Santa Monica lifestyle.

Cons

Tear-Down Required: The existing 1971-built, 2,000 sqft structure is sold 'As-Is' and is effectively a tear-down, necessitating demolition costs and a complete new build.
Substantial Development Investment: The property's value is primarily in the land, requiring significant additional multi-million dollar investment for design, permitting, and construction of a new luxury home.
Extended Project Timeline: Building a custom home of this magnitude will involve a lengthy process for planning, approvals, and construction, delaying occupancy for the buyer.

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