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1124 7th Street, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 2 bath

1124 7th Street, Santa Monica, California 90403 home-pic-0
ACTIVE$3,695,000
1124 7th Street, Santa Monica, California 90403
2Beds
2Baths
Sqft
7,513Lot
Year Built
1907
Close
-
List price
$3.69M
Original List price
$3.69M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
25621075
Home ConditionTear down
Features
Good View:
View

About this home

We found 3 Cons,7 Pros. Rank: price - $3.69M(57th), sqft - 0(7th), beds - 2(21th), baths - 2(36th).

Attention All Developers! Unbeatable location in the heart of Santa Monica! This exceptional development site comes with an APPROVED Vesting Tentative Map and has already received clearance from the Historical Board ready for your building permit. Plans designed by Famed Architect Howard Laks call for four spacious townhomes, each approximately 2,500 sq ft with 2 bedrooms, 2 bathrooms, a bonus room or could be 3rd bedroom and private 2-car parking. An outstanding chance to build in one of LA's most desirable coastal neighborhoods, just minutes from the beach, top-tier shopping, dining, and everything Santa Monica has to offer. Proposed approved architectural plans and in depth meeting with the Architect Howard Laks are available to qualified buyers upon request.

Nearby schools

8/10
Roosevelt Elementary School
Public,•K-5•0.5mi
9/10
Franklin Elementary School
Public,•PK-5•1.4mi
8/10
Lincoln Middle School
Public,•6-8•0.6mi
8/10
Santa Monica High School
Public,•9-12•1.0mi

Price History

Date
Event
Price
11/19/25
Listing
$3,695,000
04/18/19
Sold
$2,550,000
02/25/14
Sold
$1,221,000
Condition Rating
Tear down
This property, built in 1907, is explicitly marketed as a 'development site' with approved plans for new townhomes, and the listing mentions 'Demolition & Site Preparation Costs' for the existing residence. There are no interior images provided, which strongly suggests the current structure's condition is not a selling point and is intended for demolition. The value is clearly in the land and its redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7511, living area = 1256.
Great Schools: Elementary School: Franklin Elementary School (9/10).
Prime Development Location: Unbeatable location in the heart of Santa Monica, one of LA's most desirable coastal neighborhoods, offering proximity to the beach, top-tier shopping, and dining.
Advanced Project Approvals: Comes with an APPROVED Vesting Tentative Map and clearance from the Historical Board, significantly de-risking the development process and expediting the path to building permits.
Prestigious Architectural Design: Plans designed by Famed Architect Howard Laks, ensuring high-quality design and market appeal for the proposed townhomes.
Desirable Product Offering: Approved plans for four spacious townhomes, each approximately 2,500 sq ft with 2-3 bedrooms and private 2-car parking, catering to a high-demand luxury market segment.
High Investment Potential: Represents an outstanding opportunity for developers to build in a premium market with strong demand for luxury housing, promising significant returns on investment.

Cons

Demolition & Site Preparation Costs: The presence of an existing 1907 Single Family Residence implies additional costs and time for demolition and site preparation before new construction can commence.
Substantial Capital Requirement: The high list price of $3.695 million, coupled with the significant construction costs for four luxury townhomes, demands a substantial upfront capital investment from the developer.
Extended Project Timeline & Complexity: Despite advanced approvals, the full development cycle from site preparation through construction, marketing, and sales will be lengthy and require intensive project management and oversight.

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