3 months on rocket

122 Strand St, Santa Monica, CA, 90405

$2,150,000

Home List Price

$10,000*

Closing Credit

0 Baths
100 SqFt
$21,500/SqFt
Multi
Schools Nearby

Location

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122 Strand St, Santa Monica$2,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1952
CoolingNone
FireplaceNone
ViewOcean
MLS #SB24023354
Lot Size0.14 Acres
StatusActive

About 122 Strand St

Shovel Ready development opportunity Located in one of LA's most prestigious neighborhoods-Ocean Park in Santa Monica, this rarely available development lot is entitled and ready to be built tomorrow-Just steps away from the beach, Santa Monica's main street with its trendy boutiques and famed restaurants. Prime for immediate development-this lot comes with fully entitled plans outlining a two-story, three unit condominium project with subterranean parking and private outdoor space. The plan design by iconic Santa Monica Based Architecture Firm-Mike Folonis Architects truly maximize the potential of this rare lot so close to the beach. Centered in the midst of so many attractions including, the Strand bike path with 22 miles of inspiring coastal scenery, the World Famous Santa Monica Pier, Shutters On the Beach Hotel, Casa Del Mar Hotel, The Viceroy, 3rd Street Promenade and famed Abbot Kinney neighborhood, this property is truly unique. //Property specs are as follows: Unit 1: 2 Bedrooms, 3.5 bathrooms, 2,110 sq ft living space, Patio (front) 541 sq ft, Patio (side) 232 sq ft, 2nd Floor Deck 135 sq ft, Roof Deck 164 sq ft. // Unit 2: 2 Bedrooms, 2.5 bathrooms, 1,530 sq ft living space, Patio (side) 241 sq ft. // Unit 3: 2 Bedrooms, 2.5 bathrooms, 1,275 sq ft living space, Patio (rear) 736 sq ft. Each unit comes with a two-car garage. Plans, Permits, and supporting documents available upon request-link provided.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Stories: 0
  • Living Area: 100 SqFt

Listing Office:

  • Office Name: Palm Realty Boutique, Inc.
  • Office Phone: 310.902.0084
  • Listing Agent: Richard Warren

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Ocean

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Cooling: None

School Info

Assigned Schools Information:

  • Santa Monica High School, Public District Grades 9-12
  • John Adams Middle School, Public District Grades 6-8
  • John Muir Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Neilson to Strand

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,150,000
  • Price Per SqFt: $21,500/SqFt

Tax Information:

  • Annual Amount: $31,812
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Santa Monica, CA.

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Santa Monica, CA

City

Med. Sold Price

$1.7M

Med. Price/SqFt

$1,100

Avg. Days On Market

29

# of Sold Homes

50

122 Strand St vs Santa Monica

90 DAYS ON ROCKET

+61 Days

$2,150,000

+$360.1K More

$21,500/SqFt

+$20.4K More

KEY TAKEAWAY

This property is $360.1K more than the Median Sold Price and $20.4K/SqFt more than other homes in Santa Monica, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24023354

Listing Office:

  • Office Name: Palm Realty Boutique, Inc.
  • Office Phone: 310.902.0084
  • Listing Agent: Richard Warren

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 2:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 30, 2014Home Sold
$2,350,000

Tax History

YEARPROP. TAXASSESSMENT
2021$31,812$2,641,456
2020$31,182$2,614,372
2019$29,331$2,563,110
2018$29,211$2,512,854
2017$29,211$2,463,584

History based on county public records data.

Payment Calculator

$10.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,512

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4516485
6
/10

  • John Muir Elementary School

  • 2526 6th St

  • 0.40 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4516486
7
/10

  • John Adams Middle School

  • 2425 16th St

  • 1.20 miles

  • Public District Grades 6-8

High School

school-card-donut-4516487
9
/10

  • Santa Monica High School

  • 601 Pico Blvd

  • 0.52 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $103,652. The most common annual income of people living in Santa Monica, CA is $200k+. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Santa Monica›90405›122 Strand St

This home is located at 122 Strand St in Santa Monica, CA and zip code 90405 in the Ocean Park neighborhood. This 100 square foot home, which was built in 1952, sits on a 0.14 acre lot. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $2,150,000.

In April 2024, from all listings sold in Santa Monica, CA there were more than 22 sold above asking price, over 21 sold below and more than 7 were sold right at the asked price. The inventory of homes for sale in Santa Monica, CA between March 2024 and April 2024 increased by 24.5%. Listings spent 29 days on the market in April 2024, and had a median list price of $1,789,833 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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