2521 33rd Street, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 1 bath
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Santa Monica, California 90405
This Prime Development Asset is listed at $2,495,000, reflecting the significant land value of its oversized 9,636 square foot lot compared to the $2,160,403 Fair Market Value of the current improvements. Located in the prestigious Sunset Park neighborhood, the property’s 60x160 dimensions offer rare scale and High Available Lot Utilization. With a Condition Rating of 6, the 1946 structures include a guest house but are subject to Santa Monica Rent Control, making this a strategic Value-Add project. This is an ideal acquisition for Real Estate Developers or Owner-Users seeking a premier building site.
Property is land value only, full reconstruction required.
Built in 1946 (78 years old) with no mention of renovations. The listing explicitly markets the property as a 'lot value opportunity' for developers and suggests calling an architect, indicating the primary value is in the land rather than the existing structures.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9636, living area = 1571.
The oversized 9,636 square foot lot with 60x160 dimensions offers exceptional development potential and rare scale for the Sunset Park area.
Situated in the highly sought-after Sunset Park neighborhood of Santa Monica, the property commands premium value and long-term appreciation potential.
The property is subject to Santa Monica Rent Control and is currently tenant-occupied, which may present legal and financial hurdles for developers or owner-users.
Marketed primarily for its lot value, the existing 1946 structures likely require substantial investment or demolition to reach the property's highest and best use.
Fantastic lot value opportunity in prime Sunset Park neighborhood! 60x160, oversized, 9,636 square foot lot! Property is currently Tenant occupied and subject to Santa Monica Rent Control. Property has a SFR (2bd+1ba) and guest house (1bd+1ba). Location and lot size cannot be beat for developers and owner-users alike! Call your architect now! Seller financing available!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.5 |
| Baths | 1.0 | 3.5 |
| Square foot | 1,571 | 2,285.5 |
| Lot Size | 9,636 | 7,496 |
| Price | $2.50M | $3.70M |
| Price per sq ft | $1.6K | $1.7K |
| Built year | 1946 | 1936 |
| HOA | $0 | $0 |
| Days on market | 83 | 51 |
Apr 30, 2026
$2,495,000
Initial Listing