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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 UNDER CONTRACT$5,395,000
227 Alta Avenue, Santa Monica, California 90402
2Beds
2Baths
2,000Sqft
10,629Lot
Year Built
1971
Close
-
List price
$5.39M
Original List price
$5.39M
Price/Sqft
$2,698
HOA
-
Days on market
-
Sold On
-
MLS number
25588125
Home ConditionTear down
Features
Excellent View: None
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $5.39M(49th), sqft - 2000(22th), beds - 2(6th), baths - 2(21th).

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

Price History

Date
Event
Price
09/05/25
Listing
$5,395,000
Condition Rating
Tear down
The property, built in 1971, is explicitly marketed as a 'lot only' sale, with the existing 2,000 sqft house being sold 'strictly As-Is'. The listing includes design concept renderings for a new 7,000 sqft home, strongly indicating that the current structure is intended for demolition. At 53 years old with no implied major renovations, the existing house is considered beyond repair for modern living standards, and its value is solely in the land for redevelopment.
Pros & Cons

Pros

Prime Coastal Location: Situated on a coveted, quiet block of Alta Avenue, steps from Palisades Park, Montana Avenue's amenities, and just 8 minutes from Santa Monica beach.
Expansive Ocean Views: Offers world-class views of Santa Monica beach and the Pacific Ocean, promising stunning sunsets.
Rare Oversized Lot: A very rare 10,629 sqft lot in Santa Monica, providing ample space for significant development.
Significant Development Potential: Includes design concept renderings for an approximately 7,000 sqft main house with ADU potential, allowing for a custom luxury build.
Exclusive Lifestyle Opportunity: Offers the chance to build a dream home in a highly desirable area, embodying the best of Southern California's luxury lifestyle.

Cons

As-Is Sale of Existing Structure: The current 2,000 sqft house is sold strictly 'As-Is,' indicating it likely requires demolition or extensive renovation, adding to project costs.
Substantial Additional Investment Required: The property is primarily marketed for its lot and development potential, necessitating a significant financial commitment beyond the purchase price for new construction.
No Approved Plans Included: While design concepts are available, the buyer will be responsible for the entire architectural design and permitting process for a new build.

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