650 Pacific Street #4
Santa Monica, CA
Bed 2 Bath 2.5 Price $1,495,000
Open Houses: May 28, 2022, May 29, 2022, May 31, 2022View Listing
Situated in a prime Venice location just steps to the trendy boutiques & restaurants along Abbot Kinney, this rare development opportunity calls for an architectural 3-story, west facing residence w/ 5,300 sq ft of living space complete with elevator and also a 1,200 sq ft ADU.
Extremely rare development opportunity to build your dream home on one of the most desirable streets and locations, just steps to the best dining and shopping along Abbot Kinney! This special offering comes with fully entitled RTI plans designed to truly maximize the potential of this extraordinary lot with rare 60 feet of frontage on Abbot Kinney. The stamped plans available call for an architectural 3-story, west facing residence with 5,300 sq ft of living space complete with elevator, and also a 1,200 sq ft ADU. The versatile and flexible floor plan also allows for a seamless, creative live/work space with a sought-after Abbot Kinney address – live in the unit above and work on the lower level. The rigorous process of planning and approval through the Coastal Commission has already been handled by the Sellers to clear the way for a less stringent and time-consuming process. The coveted R3-1 zoning also provides the option for multifamily development or restore the current 2-bed, 1-bath original Craftsman home. This unparalleled location is in the heart and soul of Venice. Embrace the local creative character, amazing nearby food options, walkability, and sense of community. Don’t miss this exceptional opportunity.