218 Hill Street
218 Hill Street
$1,625,000
4,989 / 0.11
Sold 7/13/21
Description
What a location for this undeveloped parking lot! Right off of Santa Monica's trendy Main St retail district, this corner lot with 150 ft (per assessor) total of street frontage is waiting for your vision. Zoned OP2, Santa Monica's zoning code says you can build up to two residential units on this lot. Having the corner lot is fabulous in this situation, as it allows you to position the two units to make vehicular access easy and maximize buildable square footage that the City will allow you to build....What a location for this undeveloped parking lot! Right off of Santa Monica's trendy Main St retail district, this corner lot with 150 ft (per assessor) total of street frontage is waiting for your vision. Zoned OP2, Santa Monica's zoning code says you can build up to two residential units on this lot. Having the corner lot is fabulous in this situation, as it allows you to position the two units to make vehicular access easy and maximize buildable square footage that the City will allow you to build. On the other hand, the parcel is already striped for 17 parking spaces so why not lease it out as a parking lot to Main St businesses? Anyone who has dined, shopped, or had meetings on Main St knows parking is tight. Take advantage of that parking demand and supply spaces for a low maintenance, don't-have-to-deal-with-tenants paycheck each month. There are 27 (!) restaurants within two blocks of this lot, plus additional retail and office spaces, creating plentiful vehicular and pedestrian traffic in the area. Whether you are a developer looking to start your next project from scratch, or a residential landlord wanting to 1031 exchange into something with a lot fewer headaches, this undeveloped parking lot off of Santa Monica's Main St is right for you!
- Listed by Kerry Ann Sullivan • DRE #01927932 • Brokerage DRE #01421451 • Pardee Properties
- Listed by Tamra (Tami) Pardee • DRE #01421451 • Brokerage DRE #01421451 • Pardee Properties
Property Details for 218 Hill Street
Water Front
None
ZoningSMOP2*
Parcel Number4288003047
AreaSanta Monica (C14)
Lot Size Area4989
Source Lot Size AreaAssessor
Present UseParking lot with 17 striped spaces
Potential UsageSanta Monica's OP2 zoning allows one residential unit per 2000 sq ft of lot size. Check with City on ability to build 2 residential units.
Location
LISTING UPDATED: 07/13/2021 06:11 PM
Property Details for 218 Hill Street
Status | Sold |
---|---|
MLS # | 21-718826 |
Days on Market | 14 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.11 AC |
County | Los Angeles County |
Location
Building Information for 218 Hill Street
Lot Size0.11 AC
Payment Calculator
$10,516 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 218 Hill Street
Property History for 218 Hill Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 218 Hill Street
Taxable ValueLand$1,657,500Additions-Total$1,657,500
Tax Record2023$19,777 ($1,648 / month)
Home Facts
Lot Size4,989 SqFtStyleCommercialZoningSMOP2*CountyLOS ANGELESAPN4288-003-047
Schools near 218 Hill Street
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 |
Rating | School | Distance |
---|---|---|
John Muir Elementary School PublicK to 5 | ||
John Adams Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Santa Monica Alternative (K-8) School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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