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836 Cedar Street 2, Santa Monica, California 90405, Santa Monica, 90405 - bed, bath

836 Cedar Street 2, Santa Monica, California 90405 home-pic-0
ACTIVE$3,700,000
836 Cedar Street 2, Santa Monica, California 90405
0Bed
0Bath
7,539Sqft
12,916Lot
Year Built
1947
Close
-
List price
$3.7M
Original List price
$4.5M
Price/Sqft
$491
HOA
-
Days on market
-
Sold On
-
MLS number
WS25244076
Home ConditionPoor
Features
Good View: City Lights, Mountain(s)
Patio
ViewCity Lights,Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $3.70M(50th), sqft - 7539(50th), beds - undefined(50th), baths - undefined(50th).

Price Reduced *** Excellent Opportunity for Development or Place of Worship includes a Single Family detached Home (Zoned R-2), Rare opportunity to own a versatile property in the heart of Santa Monica. This property includes a church featuring soaring ceilings, stunning architectural details, and abundant natural light. Ideal for continued use as a place of worship or reimagining as a performance space, art gallery, or community center etc. The City of Santa Monica may allow building Residential Housing, ADU’s and Multifamily Apartments or Condo’s making this an excellent opportunity for investors seeking lucrative upside potential. Lot size is approximately 14,000 Square Feet. The Single-Family home is charming, well-maintained residence featuring 3 bedrooms, 1 Bathroom with a detached garage. Property features a spacious living room, and a private yard—perfect for a family or use as a rental property. The property offers easy access to world-class dining, shopping, beaches, and top-rated schools. Whether you're looking for a unique investment, a live-work opportunity, or a property with endless potential, this property delivers. Last put not least the Seller is willing to finance a first trust deed. See Remarks.

Price History

Date
Event
Price
11/20/25
Price Change
$3,700,000-17.8%
10/21/25
Listing
$4,500,000
Condition Rating
Poor
Built in 1947, the property, including both the church and the single-family home, shows significant signs of age and outdated features. The kitchen in the single-family home features older white appliances, dated light wood cabinets, laminate countertops, and linoleum flooring, all requiring a complete overhaul. The bathroom is similarly outdated with an older vanity, strip lighting, and original-style tiling. Throughout both structures, flooring consists of worn carpets and dated tiles/linoleum, and light fixtures are predominantly fluorescent panels or older chandeliers/ceiling fans. While the property appears functional and the single-family home is described as 'well-maintained,' its overall condition, particularly the critical kitchen and bathroom areas, necessitates substantial repairs and rehabilitation to meet contemporary standards, aligning with a 'poor' rating.
Pros & Cons

Pros

Exceptional Development Potential: Zoned R-2, the property offers significant upside for investors, with the City of Santa Monica potentially allowing the construction of residential housing, ADUs, and multifamily apartments or condos on its approximately 14,000 sqft lot.
Prime Santa Monica Location: Situated in the heart of Santa Monica, the property boasts easy access to world-class dining, shopping, beaches, and top-rated schools, enhancing its desirability and long-term value.
Highly Versatile Use: Beyond its current use as a place of worship, the church building's unique architectural details and soaring ceilings lend themselves to reimagining as a performance space, art gallery, community center, or other creative ventures.
Existing Residential Component & Income Potential: The property includes a charming, well-maintained 3-bedroom, 1-bathroom single-family home with a detached garage, providing immediate live-work flexibility or rental income.
Attractive Financial Incentives: The property has seen a significant price reduction from $4.5M to $3.7M, and the seller is willing to finance a first trust deed, offering a compelling opportunity for buyers.

Cons

Age and Condition of Structures: Built in 1947, the property's structures, particularly the church, may require substantial renovation, modernization, and potential deferred maintenance to meet contemporary standards or adapt to new uses.
High Conversion/Development Costs & Complexity: Transforming the specialized church building for alternative uses or undertaking significant residential development will entail considerable capital investment, complex architectural planning, and potentially lengthy permitting processes in Santa Monica.
Limited Immediate Cash Flow: Despite including a single-family home, the current configuration offers limited immediate rental income relative to the high acquisition cost, necessitating further investment to fully realize its income-generating potential.

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