1302 Yale Street

Santa Monica, CA 90404

$1,599,000

Listed Price
2

bed Beds

1

shower Baths

1,010 sqft

straighten $1,583 / sqft

1941

calendar_month Built

Open Houses

Next available: Saturday, May 18th, 2024 1:00 pm - 4:00 pm

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calendar_month Sunday, May 19th, 2024

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Property Description

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.

Interior Features

Bedroom Information
Bedrooms 2
Bathroom Information
Bathrooms 1
Flooring Information
Material Wood
Fireplace Information
Features None
Interior Information
Cooling Type None

Listing Information

Address 1302 Yale Street
City Santa Monica
State CA
Zip 90404
County Los Angeles
Listing Agent Daniel Galdjie DRE#02033945
Co-Listing Agent Azad Naim DRE#02152637
Courtesy Of Cyrus Pacific Realty, Inc.
MLS 24381807
List Price $1,599,000
Status Active
Type Residential
Subtype Single Family Residence
Structure Size 1,010
Lot Size 6,219
Year Built 1941
DOM 22

Exterior Information

Maps

Listing information courtesy of: Daniel Galdjie, Azad Naim, Cyrus Pacific Realty, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of May 15th, 2024 at 3:59 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.