$2,395,000

Prime development opportunity just off Montana Avenue. Situated on the second parcel from Montana, this property includes a livable 1-bedroom, 1-bath residence plus two detached rooms, with a bathroom ideal for flexible residential, creative, or income-generating use while planning future development. The sub-5,000 sq ft C2-zoned lot offers exceptional versatility for residential or commercial use, with no front setback requirement allowing for increased build-able square footage (buyer to verify all uses and regulations with the City) significant value-add: Architectural plans by award winning firm "Wyota Workshop" for three stunning multi-level townhouses with a shared yard and private large patios, rooftop decks have already received City Planning and Design Review approval. Per the architect, the project passed two rounds of corrections and obtained departmental clearances, reaching readiness for final submission prior to being placed on hold. Should a new owner elect to proceed with the existing plans, permits are anticipated within approximately 3 to 6 months (buyer to independently verify). Unbeatable location just steps from Whole Foods, the shops and restaurants of Montana Avenue, and fewer than 12 blocks to the ocean.Rare opportunity to develop in one of Santa Monica's most coveted neighborhoods. The new townhouse's marketing package includes in the MLS photos . Serious offers encouraged.