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$1,995,000
26871657 MLS
Tucked behind a private bridge where the creek flows beneath a canopy of mature trees, 641 Hightree Road is one of two rare undeveloped lots in beloved Rustic Canyon available individually or together with neighboring 639 Hightree Road. Each sits off quiet Hightree Road, embraced by hillsides once home to a 1920s open-air amphitheater that echoed with poetry readings. In 1979, Ray Kappe envisioned a soaring mid-century masterpiece here plans approved but never built leaving today's dreamer a remarkable blank canvas. Build ~5,000 sq ft on a single lot, or up to 10,800 sq ft across both. 641 offers 16,796 sq ft; 639 offers 16,184 sq ft - 32,981 sq ft total. A chance to create an enduring work of art in one of L.A.'s most storied settings.

641 Hightree Road, Santa Monica

Listing courtesy of Listing Agent: Nicholas Sandler (nick.sandler@theagencyre.com) from Listing Office: The Agency.
$1,995,000
26871651 MLS
Tucked behind a private bridge where the creek flows beneath a canopy of mature trees, 639 Hightree Road is one of two rare undeveloped lots in beloved Rustic Canyon available individually or together with neighboring 641 Hightree Road. Each sits off quiet Hightree Road, embraced by hillsides once home to a 1920s open-air amphitheater that echoed with poetry readings. In 1979, Ray Kappe envisioned a soaring mid-century masterpiece here plans approved but never built leaving today's dreamer a remarkable blank canvas. Build ~5,000 sq ft on a single lot, or up to 10,800 sq ft across both. 641 offers 16,796 sq ft; 639 offers 16,184 sq ft32,981 sq ft total. A chance to create an enduring work of art in one of L.A.'s most storied settings.

639 Hightree Road, Santa Monica

Listing courtesy of Listing Agent: Nicholas Sandler (nick.sandler@theagencyre.com) from Listing Office: The Agency.
$1,995,000
26867165 MLS
SB 79 ALLOWS FOR DENSITY BONUS (MORE UNITS) BUILT NEAR TRANSIT STOPS, may apply. 4 BLOCKS TO BEACH. 3 Cottages, currently vacant and uninhabitable. HIGHEST AND BEST USE: Build MULTI UNIT taking advantage of NEW CA DENSITY BONUSES (8 units nextdoor are on the same size lot) Some restrictions may apply. SB 79 may apply, (see additional density bonuses in DOCS). OR: Build 4 New Condos (one block away, 1 condo SOLD LAST YEAR FOR $2.5M: check 1919 4th Street). Not on market in 60 years. Per ARCHITECT, 3 New Units of 1750 +/- sf each could be built PLUS 1 Jr ADU; NO TENANTS for 60 years. ZONING ANALYSIS ATTACHED (See attached DOCS) by ARCHITECT from SANTA MONICA ARCHITECTURAL REVIEW BOARD; exceptions for lot width may apply; Parking access from Alley. 4 BLOCKS TO BEACH & Prime MAIN STREET, SaMoHi and DOWNTOWN SANTA MONICA very close, PCH & 10 access. Statements from this listing not guaranteed of course; do your own investigations & verify all with City of Santa Monica.

2005 4th Street, Santa Monica

Listing courtesy of Listing Agent: Suzette Kitselman (Info@SuzetteSellsLA.com) from Listing Office: Coldwell Banker Realty.
$2,995,000
26846551 MLS
Located on one of the most desirable streets in Ocean Park, this exceptional RTI development opportunity presents the chance to build two architecturally significant residences just moments from the beach. Situated in the highly sought after Ocean Park enclave of Santa Monica, 731 Ashland Avenue includes Ready to Issue permits and Coastal Commission approval for two detached modern homes, thoughtfully designed to maximize scale, light, and functionality in this premier coastal neighborhood. The front residence is planned as a 2,469 sq ft two story home with a basement, while the rear residence spans 2,099 sq ft and includes an attached 372 sq ft JADU, ideal for guest use or additional income. Surrounded by some of the Westside's most coveted homes and just moments from Main Street, Rose Avenue, and the sand, this is a rare shovel ready opportunity for developers or end users to create a legacy property in a premier Santa Monica location.

731 Ashland Avenue, Santa Monica

Listing courtesy of Listing Agent: Bjorn Farrugia (bjorn@bjornfarrugia.com) from Listing Office: Carolwood Estates.
$3,295,000
26842013 MLS
A rare chance to acquire a fully entitled, ready-to-issue development site in the heart of Santa Monica, no entitlement risk, no waiting on the city, just permits and a shovel. Situated on a 7,500 square foot lot at 1434 14th Street, this RTI package delivers approved plans for a 3-story, 9-unit apartment building plus one ADU, over a full level of subterranean parking. The unit mix includes 1 three-bedroom, 3 two-bedrooms, 3 one-bedrooms, and 2 affordable two-bedroom units, a well-balanced program designed to maximize density while satisfying Santa Monica's Tier 2 Community Benefits requirements. Total building area comes in at approximately 10,811 square feet across three floors, with 10 parking spaces in the subterranean garage. The project was permitted under SMR3 zoning with a 35% density bonus, pushing the allowable unit count from 6 base units to 9. The existing improvements, a 1925 California Bungalow duplex, have been vacated and are sold as-is. The value is in the land and the entitlements. The location delivers everything Santa Monica multifamily tenants demand: walkable to several shops and restaurants, the Expo Line, Third Street Promenade, and the beach. High walk and bike scores virtually eliminate car dependency, which is exactly what the next generation of renters is underwriting. Opportunities to purchase a shovel-ready 9-unit site in Santa Monica at this price point don't come around often. Priced to reflect the land and approved entitlements.

1434 14th Street, Santa Monica

Listing courtesy of Listing Agent: Steve Sawai (steve@stevesawaii.com) from Listing Office: Compass.
$6,000,000
26814807 MLS
1637- 1651 Stanford Street presents a rare opportunity to acquire a +/- 23,134 square foot development site in one of Santa Monica's most supply-constrained and highly desirable locations. Comprised of four parcels and zoned SMLMSD (Santa Monica Light Manufacturing & Studio District), the property offers significant flexibility for residential, creative office, or mixed-use development. Preliminary plans have been explored for a 71-unit 100% affordable housing development, highlighting the site's ability to support meaningful density under current planning frameworks. With the continued evolution of California housing legislation, there is potential to further enhance density through programs such as the State Density Bonus Law, creating an attractive opportunity for developers seeking to maximize yield in a high-barrier-to-entry market. Located just minutes from the Water Garden, Bergamot Station, and major employers such as Oracle, Amazon Studios, and Red Bull, the site sits at the epicenter of Santa Monica's thriving creative and tech corridor. This prime positioning provides strong demand drivers for both residential and mixed-use projects.

1637 Stanford Street, Santa Monica

Listing courtesy of Listing Agent: Hooman Emanuel (hemanuel126@gmail.com) from Listing Office: Keller Williams Studio City.
$4,000,000
26632711 MLS
First time on the market in over 35 years and located along a prime westwardly corridor to the beach. This property is a double lot with a total of 13,980 SF R-3 in the city of Santa Monica. Currently, the property is a 3,700 SF vacant motel and parking lot. The property is located in the City of Santa Monica and is zoned Medium Density Residential. The property includes two parcels totaling 0.161 acres. The project is not located within a fire hazard area nor flood zone. The property has a potential to build 11 units by right and a total of 23 units with 4 units set aside as affordable using AB 1287 (stackable density bonus law). Although, the offering has a building with all utilities in place, the property is aggressively priced at a land value of $286.12/SF

2338 Ocean Park Boulevard, Santa Monica

Listing courtesy of Listing Agent: Luis Ruiz (lu@larrealty.com) from Listing Office: LAR Realty, Inc..