
Santa Monica, California 90405
This Prime Development Asset is listed at $1,999,000, positioned near its $1,918,016 Fair Market Value. The offering provides significant upside through fully approved Ready-To-Issue (RTI) Plans for a luxury main residence and a detached Guest House/ADU, effectively eliminating Santa Monica's complex development lead times. Situated in the elite Sunset Park neighborhood within the Santa Monica-Malibu Unified School District, the property carries a Condition Rating of 6 as a strategic land-value play. This shovel-ready project is an ideal acquisition for Real Estate Developers or Owner-Users looking to build a custom coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2636 33rd Street Subject | $1,999,000* List Price | 2 | 1 | 1,035 | $1,853 | - |
A 2333 22nd Street Sold | $2,550,000 | 2 | 2 | 1,175 | $2,170 | 0.8 mi |
B 2416 29th Street Active | $1,899,000 List Price | 2 | 2 | 916 | $2,073 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is marketed as a development opportunity with fully approved RTI (Ready-To-Issue) architectural plans for a new luxury residence. The existing 1,035-square-foot structure is dated and provides minimal functional value, as evidenced by the listing's focus on immediate construction and the aerial images showing a small, original bungalow. The value is entirely in the land and the entitlement process already completed.
The property comes with fully approved Ready-To-Issue architectural plans, allowing a buyer to bypass the lengthy and complex Santa Monica permitting process and begin construction immediately.
Situated in a highly sought-after coastal enclave, the property is minutes from Ocean Park Boulevard, top-rated schools, and the beach, supporting a high resale value for new construction.
The architectural design includes both a main-level Jr. ADU and a detached guest house, offering unparalleled flexibility for multi-generational living, rental income, or a dedicated home office.
The property was recently sold within the past year on 2025-11-18. The sold price is $2,026,000.00.
While the plans are ready, the buyer must secure substantial additional financing and manage the risks associated with a ground-up construction project.
The existing 1,035-square-foot structure provides minimal functional value for the price point, making the property unsuitable for buyers not intending to develop the site.
An exceptional opportunity for an owner-user in the highly sought-after coastal enclave of Sunset Park, Santa Monica. The offering includes a 6,402 square foot lot and fully approved RTI (Ready-To-Issue) architectural plans so construction can begin immediately on a thoughtfully designed approximately 3,400 square foot two-story residence with an approximately 600 square foot detached guest house/ADU (approximate total of 4,000 square feet). The seller is an experienced local general contractor who has built several beautiful homes in the surrounding neighborhood, bringing valuable insight to the design, efficiency, and planning of this project. (Approximate cost to build is $600 per square foot.). The architectural plans envision a sophisticated main residence with an attached two-car garage and a flexible open-concept floor plan tailored for modern indoor outdoor California living. The main level offers an airy layout that includes formal living and dining areas, along with an expansive family room that seamlessly connects to a chef's kitchen with a center island and walk-in pantry. Designed for effortless entertaining, the living spaces flow naturally to a private resort-style backyard retreat featuring a large turf lawn, swimming pool, spa, and generous outdoor entertaining areas. The setting is ideal for al fresco dining, relaxing in the sun, and enjoying cool ocean breezes. A main-level Jr. ADU with its own private entrance offers versatility and can function as a first-floor bedroom suite, guest quarters, media room, or private office. Toward the front of the home, a mudroom and powder room are conveniently located adjacent to the direct-access two-car garage. Upstairs, the expansive primary suite serves as a luxurious retreat with a balcony, a spa-inspired bathroom featuring a separate soaking tub and shower, and dual walk-in closets. Two additional bedroom suites, a centrally located laundry room, and a spacious flex area ideal for an upstairs family lounge complete the second level. At the rear of the property, the detached guest house/ADU features a comfortable living area, kitchen, bathroom, and laundry. The space is ideal for guests, extended family, rental income, a pool house, gym, art studio, or a dedicated home office. Sunset Park is one of Santa Monica's most charming and desirable neighborhoods, known for its vibrant sense of community and relaxed coastal lifestyle. The property is just moments from boutique shopping, cafes, and acclaimed restaurants along Ocean Park Boulevard and the popular Main Street district. Residents enjoy easy access to the beach, scenic bike paths, the beloved local farmers markets, neighborhood parks, and some of the Westside's most highly regarded schools. Finished new construction homes in this specific part of Santa Monica range in price up to $5,500,000. This is an exceptional value add sale.
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 | 1,035 | 1,810 | 11% |
| Lot Size | 6,402 | 6,402 | 50% |
| Price | $2.00M | $2.76M | 20% |
| Price per sq ft | $1.9K | $1.4K | 74% |
| Built year | 0 | 1944 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 140 | 3% |
Apr 3, 2026
$1,999,000
Initial Listing
Nov 18, 2025
$2,026,000
Public Record