
Santa Monica, California 90405
Analysis of 633 Navy Street, Santa Monica, California 90405 is currently available with a list price of $1,499,000. 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 1928 (>50 years old) with no recorded renovations. The listing explicitly states the existing structure is not the asset and markets the property as a blank canvas for builders and flippers, indicating the value is strictly in the land.
Situated in a highly coveted Santa Monica pocket, the property offers exceptional walkability to the beach, Abbot Kinney, and Main Street, blending quiet residential living with vibrant urban energy.
Featuring approximately 35 feet of frontage—significantly wider than the standard 25-foot lots in the immediate area—this property provides enhanced design flexibility and a stronger street presence for new construction.
Marketed as a blank canvas for investors and builders, the property is located within the prestigious Santa Monica-Malibu Unified School District, ensuring strong resale demand for a luxury spec project.
The existing 1928 structure is not considered a functional asset, necessitating a full tear-down or extensive gut renovation which requires significant additional capital investment.
With a total lot size of only 2,793 square feet, the footprint for new development is constrained, potentially limiting the maximum habitable square footage achievable under local zoning ordinances.
INVESTORS, BUILDERS, FLIPPERS — opportunities like this rarely hit the market. Bring your vision and your best offer. There’s a reason people spend years trying to land on a street like this. Nestled on a quiet residential block with highly sought-after Santa Monica schools, yet close enough to feel the Venice energy, this property sits within walking distance to Abbot Kinney, Rose Avenue, Main Street, and the beach. The location does the heavy lifting before a single nail is driven. Adding to the opportunity, the lot features approximately 35 feet of frontage — a notable advantage in an area where many neighboring lots offer closer to 25 feet. That additional width creates greater design flexibility, stronger street presence, and the potential for a more compelling end product. Whether you're envisioning a thoughtfully designed primary residence, luxury spec project, or high-design investment property, the lot offers a blank canvas in one of the Westside’s most coveted pockets. The existing structure is not the asset here — the address is.
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 | 15% |
| Square foot | 689 | 1,748.5 | 3% |
| Lot Size | 2,793 | 6,244 | 9% |
| Price | $1.50M | $2.75M | 3% |
| Price per sq ft | $2.2K | $1.4K | 85% |
| Built year | 1928 | 1943 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 138 | 6% |
May 26, 2026
$1,499,000
Initial Listing
Nov 10, 1988
$85,000
Public Record