212 Bay St, Santa Monica, CA 90405

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Lot/Land: $2,950,000

Price Cut (Apr 2): -$550,000

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Description
The rarest opportunity to purchase Vacant Land, ready for development in booming South Santa Monica. The property is on the market for the first time in over 40 years.The Land is one block from the Ocean, and adjacent to the Historic Landmark Dogtown/Zephyr building on Main Street. Surrounded by the World Famous Santa Monica Pier, AMF Bayshore Bowling Alley, Shutters, The Viceroy and Casa Del Mar Hotels. Significant mixed-used development Complexes at The Waverly and Seychelle projects, scheduled to be completed in the Spring of 2014, that include 158 Residences, Rental Units, Restaurants and Retail. Close to the new Tongva Park across from City Hall. The City is currently under construction of the Expo Line Light Rail coming direct to South Santa Monica, which will enable passengers to travel from Downtown LA to Santa Monica in 46 minutes, even during rush hour. Buyer to do all their own Due Diligence regarding Zoning and Development of the property  MoreLess
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    • County NameUnknown
    • Lot DepthUnknown
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    • MLS #13-721745
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$2,459/mo
+$33 Last 30 daysd
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Neighborhood for 212 Bay Street

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Among 90405 homes, this home is 137.8% more expensive than the midpoint (median) home, and is priced 145.5% more per square foot. Foreclosures will be a factor impacting home values in the next several years. In the 90405 market, the number of foreclosures waiting to be sold dropped 2.3% in the last year. The number of unsold foreclosures is 103.8% higher than in Santa Monica, and 63.2% less than the national average. This higher local number may prevent 90405 home values from rising as quickly as other regions in Santa Monica.

Learn more about forecast calculations or 90405 home values.
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    About these agents
    These buyers' agents specialize in this area and can assist you in seeing this home or answer your questions.

    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at (855) 840-3292

    Contact a local buyer's agent to learn more.

    Close
    Premier Agents specialize in this area and can assist you in seeing this home or answer your questions.

    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at (855) 840-3292

    Email successfully sent!Submission failed!

    Next: Find out what you can afford on Zillow Mortgage Marketplace.

    Get pre-approved

    Next: Get Pre-approved

    A Zillow Confirmed Lender will call you.

    Contact me

    Thanks for using Zillow to find agents and lenders to help you with your home shopping.

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