2416 29th Street, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 2 bath
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Santa Monica, California 90405
This Sunset Park Development Asset is listed at $1,899,000, representing a strategic entry into a premier Santa Monica neighborhood relative to its $1,727,397 Fair Market Value. The property offers Significant Development Potential on a 6,016 square foot lot, providing a rare blank canvas for a custom luxury estate. Featuring a Condition Rating of 6, the existing cottage includes a deck and mature fruit trees near top-tier schools. This acquisition is ideal for Developers or Owner-Occupants seeking to build a bespoke coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2416 29th Street Subject | $1,899,000* List Price | 2 | 2 | 916 | $1,891 | - |
A 1770 Bryn Mawr Avenue Sold | $1,900,000 | 2 | 1 | 871 | $2,181 | 1.0 mi |
B 2636 33rd Street Active | $1,999,000 List Price | 2 | 1 | 1,035 | $1,931 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1939 and explicitly marketed as a 'prime development opportunity' and 'blank canvas,' this property is priced for its land value in Santa Monica. The lack of interior photos, combined with the 'development' branding and the age of the structure, indicates that the home is likely in original or dilapidated condition, with the primary value residing in the 6,016 sqft lot rather than the 916 sqft cottage.
Situated in the highly coveted Sunset Park neighborhood of Santa Monica, this property offers exceptional long-term value and proximity to coastal amenities and top-tier schools.
The generous 6,016 square foot lot provides a rare 'blank canvas' opportunity for developers or end-users to build a larger custom estate or significantly expand the existing footprint.
The property features a lush, private backyard oasis with mature avocado and citrus trees, offering a level of tranquility and lot depth that is highly desirable in this urban coastal market.
With a list price of nearly $1.9 million for only 916 square feet of living space, the property is priced primarily for its land value, representing a high entry cost for the current structure.
The modest two-bedroom layout and the lack of public interior photos suggest the home may require substantial modernization or a complete overhaul to meet the expectations of today's luxury buyers.
Sunset Park Bungalow | Prime Development Opportunity. Rare opportunity in the highly sought-after Sunset Park neighborhood ideal for developers, investors, or end-users looking to create something special. This private Santa Monica beach cottage offers both charm and potential. Enter through a lush, garden-lined approach into a bright living room with a decorative fireplace, flowing into a formal dining room. The home features two bedrooms and two bathrooms, each with direct access to the serene backyard and deck. The primary suite includes an en-suite bath. The expansive backyard is a true oasis, complete with mature avocado and citrus trees offering a tranquil setting or a blank canvas for future expansion. A detached, converted two-car garage provides additional storage and flexibility. Interior photos available upon request. Please submit all offers. Contact listing agent for details regarding sale terms and possession prior to submitting an offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 916 | 1,810 | 9% |
| Lot Size | 6,016 | 6,401 | 46% |
| Price | $1.90M | $2.76M | 17% |
| Price per sq ft | $2.1K | $1.4K | 80% |
| Built year | 1939 | 1944 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 140 | 3% |
Mar 19, 2026
$1,899,000
Initial Listing
Mar 28, 2016
$1,410,000
Public Record
May 16, 2002
$500,000
Public Record