24 Arcadia Ter, Santa Monica, CA 90401

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Sold: $2,375,000
Sold on 03/21/14
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My Notes

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Rare opportunity to purchase prime ocean view ready to build Beach area lot, steps from the sand. Located on Santa Monica's ONLY gated private walk street; a hidden gem surrounded by an urban paradise. Zoned R3 (3 story multi-family zoning) to allow for single family, condos, or apts. Stunning views would inc ocean, surf, beach, & pier views along the 90 ft of frontage. This parcel was used as a garden to the house next door for over 100 years & has never been developed. NO Ellis, NO unit to demo, NO Landmark filing, NO construction moratorium, etc. NO Architectural Review Board approval needed if single family residence is built. Custom home of approx. 4000sf possible, at cost far below any comparable house on the market. Ideal slope towards beach allows for huge basement possibility with plenty of parking. World class location across from the newly developed "Ocean Avenue South", Tongva Park, Santa Monica Pl, 3rd St Promenade, Farmers Market, luxury hotels, the list can go on and on.  More Less 

Facts

  • Lot: 4,051 sqft
  • Single Family
  • Built in 1900
  • Views: 3,374 all time views
  • Last sold: Mar 2014 for $2,375,000

Other

  • Parcel #: 4290018017
  • Zillow Home ID: 111917458

Zestimate Details

Zestimate
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$5,494/mo
+$159 Last 30 days
$3.5K
$8.8K
Zestimate range

Popularity on Zillow

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3,374 all-time views
of this home (chart)
451 forecasted views of this home
in the first 7 days after listing for sale
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Comparable Homes

Homes like this sold for $650K-6.88M.

$570K
$6.96M

Mortgages

Neighborhood

Market guide

Zillow predicts Santa Monica home values will increase 7.2% next year, compared to a 6.6% increase for Los Angeles Metro as a whole.

Foreclosures will be a factor impacting home values in the next several years. In Santa Monica, the number of foreclosures waiting to be sold is 18.5% less than in Los Angeles Metro, and 58.1% lower than the national average. This lower local number could help Santa Monica home values rise more quickly than other regions in Los Angeles Metro.

Learn more about forecast calculations or Santa Monica home values.
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    Nearby Schools in Santa Monica

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org