1302 Yale Street, Santa Monica, CA 90404

Listing by: Daniel Galdjie, Cyrus Pacific Realty, Inc.

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2 Beds

1 Bath

1,010 SqFt

Active

Charming home on a large corner lot in prime Santa Monica! This charming single family home offers a thoughtfully designed floor plan, featuring a spacious living room bathed in natural light, a formal dining room that sets the stage for memorable gatherings, and a generous kitchen with stainless steel appliances, ensuring both functionality and comfort. Escape to the enchanting private backyard oasis that provides the perfect backdrop for alfresco dining, leisurely afternoons, and year-round California living at its finest. Located just moments away from LA's vibrant dining, shopping, Farmers Markets, and grocery stores like Erewhon, Whole Foods, Trader Joes, and Bristol Farms, every convenience is at your fingertips. Plus, families will appreciate the proximity to Santa Monica's top-rated schools, ensuring a quality education for young learners. Plus, explore the added opportunity of converting the garage into an Accessory Dwelling Unit (ADU), providing additional living space or rental income. Huge Development/Investment Potential: Build up to a 13-unit apartment/condo building on the site with the application of the State Density Bonus Law and State Multifamily ADU Law. Because this property qualifies for the State Density Bonus Law, a developer could build up to 4 stories (instead of 2) and get significantly reduced setbacks on all sides. Because the property is on a corner with an alley, any development would be open on 3 sides - allowing for great sunlight and unobstructed views. Because the development would be replacing a single family home that is not subject to rent control, the new development would also be exempt from both city and state rent control - a huge and rare advantage in a jurisdiction like Santa Monica. This property has the potential to be a true trophy asset and cash cow in one of the strongest rental markets in the nation.

Property Details
Price	$1,950,000
Bedrooms	2
Full Baths	1
Half Baths	0
Total Baths	1
Property Style	Contemporary
Lot Size Area	6219
Lot Size Area Units	Square Feet
Acres	0.1428
Property Type	Residential
Sub type	SingleFamilyResidence
MLS Sub type	Single Family Residence
Stories	0
Year Built	1941
Laundry Features	Washer Included,Dryer Included,Inside
Pool features	None
Parking Description	Driveway
Parking Spaces	2
Geographic Data
Directions	North of Santa Monica Blvd, West of Bundy Dr
County	Los Angeles
Latitude	34.03663
Longitude	-118.472949
Market Area	C14 - Santa Monica
Address Information
Address	1302 Yale Street, Santa Monica, CA 90404
Postal Code	90404
City	Santa Monica
State	CA
Country	United States
Listing Information
Listing Office	Cyrus Pacific Realty, Inc.
Listing Agent	Daniel Galdjie
Buyer Agency Compensation	2.500
Buyer Agency Compensation Type	%
Compensation Disclaimer	The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions	Standard
MLS Information
Days on market	8
MLS Status	Active
Listing Date	Apr 24, 2024
Listing Last Modified	May 2, 2024
Tax ID	4267010031
MLS Area	C14 - Santa Monica
MLS #	24381807

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This information is believed to be accurate, but without any warranty.

2 Beds

1 Bath

1,010 SqFt

Active

Property Details

Geographic Data

Address Information

Listing Information

MLS Information

Map View