810 Navy Street, Santa Monica, California 90405, Santa Monica, 90405 - 1 bed, 1 bath
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Santa Monica, California 90405
This property presents a High-Potential Investment Opportunity with a List Price of $1,290,000—positioned well below the $1,344,221 Fair Market Value by 4%. This valuation gap offers $54,221 in Instant Equity for buyers. Featuring a Condition Rating of 5, the structure requires significant rehabilitation, yet the Mixed-Use Zoning and prime Ocean Park location provide exceptional development upside. This is a strategic Asset ideal for Value-Add Investors or Developers seeking a rare, vacant canvas in a high-demand coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 810 Navy Street Subject | $1,290,000* List Price | 1 | 1 | 652 | $2,062 | - |
A 652 Navy Street Active | $1,350,000 List Price | 2 | 1 | 608 | $2,220 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 and explicitly marketed as a 'fixer' for development, this property shows significant age with a dated kitchen, 30+ year old appliances, and visible wear on the exterior stucco and concrete. The focus on land value and mixed-use zoning suggests the existing structure requires a total rehab or replacement.
Situated in the highly sought-after Ocean Park area of Santa Monica, this property offers exceptional proximity to the beach and vibrant local amenities.
The unique zoning allows for both residential and commercial applications, providing a wide range of flexible opportunities for investors, developers, or owner-users.
As a rare fixer-upper delivered vacant, the property serves as an ideal canvas for a custom development project or an adaptable commercial concept in a high-demand market.
The 1923 structure is classified as a fixer, implying that substantial capital investment will be necessary for repairs, modernization, or a complete rebuild.
With only 652 square feet of living space on a 2,016 square foot lot, the current size is very restrictive and may not meet the needs of modern residential buyers without expansion.
Prime beach cottage fixer located in the Ocean Park area of Santa Monica, This property affords a wide range of opportunity with a zoning that allows mixed use for housing or commercial use. This is a rare property that is strategic for development in a highly sought after location, ideal for owner-user, investor, or adaptable development concept. Property will be delivered vacant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.5 |
| Baths | 1.0 | 3.5 |
| Square foot | 652 | 2,285.5 |
| Lot Size | 2,016 | 7,496 |
| Price | $1.29M | $3.70M |
| Price per sq ft | $2.0K | $1.7K |
| Built year | 1923 | 1936 |
| HOA | $0 | $0 |
| Days on market | 8 | 51 |
Jul 14, 2026
$1,290,000
Initial Listing