Active
1302 Yale St
Santa Monica CA, 90404
$1,950,000
$1,930.69 per sqft
Active
2 Beds
1 Bath
1,010 sqft
Residential
Built in 1941
Charming home on a large corner lot in prime Santa Monica! This charming single family home offers a thoughtfully designed floor plan, featuring a spacious living room bathed in natural light, a formal dining room that sets the stage for memorable gatherings, and a generous kitchen with stainless steel appliances, ensuring both functionality and comfort. Escape to the enchanting private backyard oasis that provides the perfect backdrop for alfresco dining, leisurely afternoons, and year-round California living at its finest. Located just moments away from LA's vibrant dining, shopping, Farmers Markets, and grocery stores like Erewhon, Whole Foods, Trader Joes, and Bristol Farms, every convenience is at your fingertips. Plus, families will appreciate the proximity to Santa Monica's top-rated schools, ensuring a quality education for young learners. Plus, explore the added opportunity of converting the garage into an Accessory Dwelling Unit (ADU), providing additional living space or rental income. Huge Development/Investment Potential: Build up to a 13-unit apartment/condo building on the site with the application of the State Density Bonus Law and State Multifamily ADU Law. Because this property qualifies for the State Density Bonus Law, a developer could build up to 4 stories (instead of 2) and get significantly reduced setbacks on all sides. Because the property is on a corner with an alley, any development would be open on 3 sides - allowing for great sunlight and unobstructed views. Because the development would be replacing a single family home that is not subject to rent control, the new development would also be exempt from both city and state rent control - a huge and rare advantage in a jurisdiction like Santa Monica. This property has the potential to be a true trophy asset and cash cow in one of the strongest rental markets in the nation.
24-381807
MLSⓇ ID
April 24, 2024
Listed
May 2, 2024
Updated
Map
1302 Yale St
Santa Monica CA, 90404
Interior Features
Total Stories
0
Bedrooms
2
Total Bathrooms
1
Appliances
Dishwasher, Range/Oven, Washer, Microwave, Dryer, Freezer
Laundry Description
In Unit, Inside, Laundry Area
Floor Description
Hardwood
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Gas
Exterior/Building Features
Lot Size
0.14 Acres
Architectual Style
Contemporary
Other Property Details
Area Name
Santa Monica
Days on Market
8
Garage
No
Parking
Driveway
Parking Total
2
View
Yes
View Description
Tree Top
County
Los Angeles
Pool
No
Pool Features
None
Zoning
SMR2*
Listed by Daniel Galdjie with Cyrus Pacific Realty, Inc.
Listing Contact: 310-266-2874
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor CalNative Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/2/2024