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 $2,795,000, representing a strategic acquisition for its oversized 9,636 square foot lot in Santa Monica’s Sunset Park. While the $2,371,169 Fair Market Value reflects the current dated structures, the primary value lies in the land's 60x160 dimensions and Condition Rating of 6. Marketed specifically for its lot value, this property offers significant ROI potential through redevelopment in a neighborhood known for Top-Rated Schools and high demand. This is a high-reward opportunity for Developers and Owner-Users.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2521 33rd Street Subject | $2,795,000* List Price | 2 | 1 | 1,571 | $1,728 | - |
A 2333 22nd Street Sold | $2,550,000 | 2 | 2 | 1,175 | $2,170 | 0.8 mi |
B 2636 33rd Street Active | $1,999,000 List Price | 2 | 1 | 1,035 | $1,931 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1946, the property is explicitly marketed as a 'lot value opportunity' for developers, indicating the existing structures are not the primary value. The description notes the SFR and guest house are 'likely dated and would require substantial renovation or demolition.' Images show a neglected exterior with an older roof and overgrown yard, suggesting significant deferred maintenance. Without interior photos, the age and description strongly imply original or very outdated kitchens, bathrooms, and systems, making the structures effectively unlivable by modern standards and suitable for demolition to maximize the land's potential.
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 property offers a fantastic lot value opportunity with an oversized 9,636 square foot lot (60x160), which is a rare and highly desirable asset in Santa Monica.
Situated in the highly sought-after Sunset Park neighborhood of Santa Monica, providing access to excellent amenities, schools, and strong property appreciation.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 4.
The property is tenant-occupied and subject to Santa Monica Rent Control, which presents significant challenges and potential costs for immediate owner-occupancy or redevelopment.
Built in 1946, the existing SFR and guest house are likely dated and would require substantial renovation or demolition, adding to the overall project cost.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 1,571 | 1,810 | 46% |
| Lot Size | 9,636 | 6,414 | 97% |
| Price | $2.79M | $2.77M | 51% |
| Price per sq ft | $1.8K | $1.4K | 69% |
| Built year | 1946 | 1946 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 140 | 26% |
Jan 30, 2026
$2,795,000
Initial Listing