602 California Avenue, Santa Monica, California 90403, Santa Monica, 90403 - 3 bed, 3 bath
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Santa Monica, California 90403
Analysis of 602 California Avenue, Santa Monica, California 90403 is currently available with a list price of $1,695,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Santa Monica Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1920 and marketed as a 'blank canvas' for redevelopment, this property is positioned for demolition or total reconstruction. The listing emphasizes the R2-zoned corner lot's potential for new construction rather than the habitability of the existing structure, which requires complete restoration or removal.
Elementary School: Franklin Elementary School (9/10).
Situated North of Wilshire, just three blocks from Montana Avenue and six blocks from the beach, this property offers an elite lifestyle in one of Santa Monica's most coveted neighborhoods.
The R2-zoned corner lot provides a rare 'blank canvas' opportunity to restore the existing structure or develop a new duplex, townhomes, or a luxury single-family residence.
Dating back to 1920, the existing structure likely requires a complete restoration or demolition, which will necessitate a substantial additional capital investment.
The current 1,746 square foot layout across two units is modest for the area, requiring expansion to meet the expectations of modern luxury buyers.
Presenting one of the finest corner lots to hit the market north of Wilshire. This vacant duplex offers a rare blank canvas with R2 zoning. Build up, restore the existing structure, or reimagine the entire lot as a single-family home, a new duplex, or possibly townhomes. Just three blocks from Montana Avenue and six blocks from the beach, this is prime Santa Monica living at its very best.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades PK-5 • 1.4 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,746 | 1,920.5 | 44% |
| Lot Size | 5,021 | 7,857.5 | 13% |
| Price | $1.70M | $3.33M | 13% |
| Price per sq ft | $971 | $1.7K | 13% |
| Built year | 1920 | 1937 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 159 | 25% |
Feb 13, 2026
$1,695,000
Initial Listing