928 26th Street, Santa Monica, California 90403, Santa Monica, 90403 - 2 bed, 1 bath

928 26th Street, Santa Monica, California 90403 home-pic-0
ACTIVE$3,288,000
928 26th Street, Santa Monica, California 90403
2Beds
1Bath
1,255Sqft
8,312Lot
Year Built
1926
Close
-
List price
$3.29M
Original List price
$3.49M
Price/Sqft
$2,620
HOA
-
Days on market
-
Sold On
-
MLS number
25591259
Home ConditionTear down
Features
Good View:
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About this home

Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.29M(36th), sqft - 1255(14th), beds - 2(21th), baths - 1(14th).

Builders, contractors, developers, and owner-users, this is your chance to bring a legacy estate to life in Santa Monica's highly desired North of Wilshire within the Wilshire-Montana neighborhood. Situated on a prime 8,312 sq ft lot, this property is shovel-ready with Ready-to-Issue permits (RTI) for a 3,340 sq ft custom residence offering 4 bedrooms and 4 bathrooms, paired with a 945 sq ft ADU designed with 2 bedrooms, 3 bathrooms, a total of 4,285 sq ft of living space plus a 400 sq ft garage. The plans also include a swimming pool and landscaped grounds, perfectly curated to capture the essence of California coastal living. All the complexities, the back-and-forth with the city, the hassle, and the delays have been handled. Final approvals are underway, which means you can move forward swiftly with construction, whether your goal is to build and hold a family estate or build and resell for profit. Surrounded by multi-million-dollar homes, this address represents both an enviable lifestyle and a secure long-term investment in one of the most prestigious areas on the Westside. Santa Monica is highly regarded for its strong municipal services and top-rated schools, with Franklin Elementary nearby as well as excellent middle and high school options, making this district one of the most desirable in Los Angeles. Here, life unfolds against a backdrop of sunlit skies and ocean breezes, with cafes and restaurants on Montana Avenue just moments away, along with the Brentwood Country Mart, Erewhon, Whole Foods, yoga and Pilates studios, designer boutiques, and endless shopping. A short stroll or bike ride brings you to the iconic Santa Monica beaches, where golden sunsets paint the Pacific and the rhythm of the waves becomes part of everyday life. Beyond lifestyle, this property is uniquely positioned near major employment hubs, including Hulu, Lionsgate Entertainment, Snap Inc., Sony, Amazon, Microsoft, HBO, Universal Music Group, CBS, and Oracle, attracting a dynamic professional community and ensuring strong ongoing demand. This is more than a lot; it's a canvas for visionaries. With permits in hand, the hard work already done, and the path cleared of red tape, you can skip the headaches of entitlement and approvals and go straight to building your masterpiece. Whether you imagine a modern family retreat, a luxury resale, or a long-term investment, this property offers the rare combination of lifestyle, location, and opportunity in one of Los Angeles' most prestigious coastal communities.

Price History

Date
Event
Price
11/22/25
Price Change
$3,288,000-5.7%
09/11/25
Listing
$3,488,000
03/06/17
Sold
$1,725,000
Condition Rating
Tear down

The property, built in 1926, is explicitly marketed as a 'shovel-ready' development opportunity with Ready-to-Issue permits for a new custom residence and ADU. The listing's 'weakness' section highlights 'Demolition Costs' for the existing structure, indicating it is intended to be torn down. The value is in the land and the approved plans, not the current dwelling, which is beyond repair for its intended future use.
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 = 8312, living area = 1255.
Premier Santa Monica Location: Situated in the highly coveted North of Wilshire/Wilshire-Montana neighborhood, surrounded by luxury estates, offering an enviable lifestyle with proximity to upscale amenities, top-rated schools, and iconic beaches.
Shovel-Ready Development: Comes with Ready-to-Issue (RTI) permits for a substantial 4,285 sq ft custom residence (main house + ADU + garage + pool), significantly de-risking and accelerating the construction timeline.
Strong Investment & Resale Potential: Positioned in a prestigious area with high demand, near major employment hubs, making it ideal for building a luxury family estate or a profitable build-and-resell project.
Generous Lot Size: An 8,312 sq ft prime lot provides ample space for the planned luxury development, including a main residence, ADU, swimming pool, and extensive landscaping.
Streamlined Approval Process: All complex city entitlements and approvals have been handled, allowing the buyer to bypass bureaucratic delays and proceed directly to construction.

Cons

Substantial Construction Investment Required: The property is essentially a land play, requiring significant additional capital investment for the full construction of the planned luxury home, ADU, and amenities.
Demolition Costs: The existing 1926 structure (1255 sq ft) will likely need to be demolished, adding to the overall project cost and timeline before new construction can begin.
Project Management & Oversight: Despite RTI permits, the buyer will still be responsible for the comprehensive management and oversight of a large-scale luxury construction project, which demands considerable time and expertise.

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