506 Georgina Avenue, Santa Monica, California 90402, Santa Monica, 90402 - 4 bed, 4 bath
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Santa Monica, California 90402
This Prime Development Asset on prestigious Georgina Avenue is listed at $6,495,000, relative to a $6,007,237 Fair Market Value. This pricing reflects the long-term stability and extreme scarcity of land in Santa Monica’s most sought-after corridor. The property carries a Dated Condition Rating, presenting a rare opportunity to develop a custom luxury estate on the 11,087 sqft Oversized Lot. With access to Top-Rated Franklin Elementary and proximity to Ocean Avenue, this is a strategic land acquisition ideal for Luxury Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 Georgina Avenue Subject | $6,495,000* List Price | 4 | 4 | 2,451 | $2,451 | - |
A 227 Alta Avenue Sold | $5,100,052 | 2 | 2 | 2,000 | $2,550 | 0.2 mi |
B 630 Hightree Road Active | $5,950,000 List Price | 3 | 3 | 2,724 | $2,184 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952 and on the market for the first time in over 50 years, the home is in mostly original condition. The kitchen features dated tile countertops and older white appliances, while the bathrooms and living areas show mid-century finishes that have not been modernized. The listing itself emphasizes the property as a development opportunity for a 'new custom masterpiece,' indicating that the existing structure requires substantial rehabilitation or replacement to meet modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11087, living area = 2451.
Elementary School: Franklin Elementary School (9/10).
Situated on the prestigious palm-lined Georgina Avenue, the property is just two blocks from Ocean Avenue and moments from the high-end shopping and dining of Montana Avenue.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Offered for the first time in over 50 years, the 1952 structure likely requires a complete renovation or teardown to meet modern luxury living standards.
At a list price of nearly $6.5 million, the acquisition represents a substantial investment primarily for the land, requiring significant additional capital for construction or remodeling.
First time on market in over 50 years!! Situated on the famed palm-lined Georgina Ave, sits this charming 4Bd/4Ba Santa Monica gem. Located on an 11,000+ sq. ft. oversized lot, in one of Santa Monica's most sought after locations, this is a rare opportunity to envision & develop a brand new custom masterpiece or simply update and make this sweet home your own. Just moments to Montana Avenue's in demand Shopping & Dining, and only two blocks to stunning daily Sunrise & Sunset's on Ocean Ave! With many highly ranked local schools of all grade levels in close proximity, this property provides the utmost in Santa Monica Living! One one of the largest lots to be available in this neighborhood in many years, do not miss this unique opportunity to create the Santa Monica Dream!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades PK-5 • 1.5 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,451 | 2,743 | 39% |
| Lot Size | 11,087 | 8,690.5 | 82% |
| Price | $6.50M | $5.10M | 73% |
| Price per sq ft | $2.6K | $2.0K | 84% |
| Built year | 1952 | 1948 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 187 | 9% |
Feb 27, 2026
$6,495,000
Initial Listing