218 Hill Street

Santa Monica, CA 90405

$1,625,000
Last Sold Price
4,989 / 0.11
Lot Size / Acres

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!
  1. Listed by Kerry Ann Sullivan • DRE #01927932 • Brokerage DRE #01421451 • Pardee Properties
  2. Listed by Tamra (Tami) Pardee • DRE #01421451 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 218 Hill Street

Water Front
None
Zoning
SMOP2*
Parcel Number
4288003047
Area
Santa Monica (C14)
Lot Size Area
4989
Source Lot Size Area
Assessor
Present Use
Parking lot with 17 striped spaces
Potential Usage
Santa 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 Courtesy of Pardee Properties, Kerry Ann Sullivan, DRE #01927932; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Sold By Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Kerry Ann Sullivan, DRE #01927932

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LISTING UPDATED: 07/13/2021 06:11 PM

Property Details for 218 Hill Street

StatusSold
MLS #21-718826
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.11 AC
CountyLos Angeles County

Location

Listing Courtesy of Pardee Properties, Kerry Ann Sullivan, DRE #01927932; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Sold By Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Kerry Ann Sullivan, DRE #01927932

Add your commute

Building Information for 218 Hill Street

Lot Size0.11 AC

Payment Calculator

$10,516 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,868

Property Taxes

$1,648

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 218 Hill Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
  • Water: Hook-Up Avail
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Coastal Zone, Listing Broker Advantage, Property Report
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Horse: No
  • Special Zoning: Property Report
  • Additional Parcel Number: No
  • Lot Acreage: 0.1145
  • Lot Size Square Feet: 4989
  • Lot Size Dimensions: 100x50
  • Source Lot Size Dimensions: Assessor
  • Lot Features: Corners Marked, Rectangular Lot, Value In Land, Utilities - Overhead
  • Lot Description: Corners Established, Fenced, Lot Shape-Rectangular, Sidewalks, Street Paved, Value In Land, Utilities - Overhead, Street Lighting
  • Lot Location: City, Corner Lot, Flats, Near Public Transit
  • Distance To Bus: Same block
  • Distance To Churches: Across the street
  • Distance To Electric: Overhead
  • Distance To Freeway: 1.5 miles to I-10
  • Distance To Gas: 1-2 miles
  • Distance To Phone Service: In street
  • Distance To Schools: Half mile to Elementary School
  • Distance To Sewer: In street
  • Distance To Stores: Same block
  • Distance To Street: On the street
  • Distance To Water: In street
  • Telephone: 1.0
  • Telephone Service: In Street
  • Cable: 1.0
  • Electric: In Street
  • Gas: Unknown
  • Road Frontage: 100 ft on Hill and 50 ft on 2nd
  • Track Map: Final
  • Public Street: Yes
  • Current Geological: No
  • Reports On File: None
  • Site Decription: City, Flats
  • Survey: Buyer Pays
  • Topography: Flat
Lease Terms
Lease Terms
  • Entry Date: 04-14-2021
  • Listing Terms: Cash, Cash To New Loan, Take Property As Is

Property History for 218 Hill Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pardee Properties, Kerry Ann Sullivan, DRE #01927932; Pardee Properties, Tamra (Tami) Pardee, DRE #01421451

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.