$2,180,000 - Ocean Ave Ext, Los Angeles

Los Angeles Home For Sale

LA County jurisdiction - Santa Monica address - Rare Ocean view development lot. One-of-a-Kind Trophy Lot with Sweeping Ocean & Canyon Views. First offering in over half a century, this rare and remarkable lot offers breathtaking ocean views of the Pacific Ocean and lush Santa Monica Canyon. Located on the coveted Ocean Avenue Extension, this trophy property is nestled just a block from iconic Palisades Park and moments from the beach, Montana Avenue shops, and vibrant coastal lifestyle. A truly exceptional opportunity to build your dream home in one of the most prestigious and scenic settings in Los Angeles. The mailing address is Santa Monica; however, the property is located within the City of Los Angeles and utilizes Los Angeles services and providers. Tract 1893, Lot 7. APN#4410-004-028. The address per City of LA is 201 N. Ocean Avenue (see Zimas doc.). From the exclusive North of Montana area to the prestigious Ocean Avenue corridor, these properties are legacy investments in one of the most desirable coastal communities in the world. The market for ocean view properties in Santa Monica remains highly competitive and resilient, driven by strong demand from both local and international buyers. Limited inventory, walkable neighborhoods, and proximity to top-tier dining, shopping, and the beach continue to drive values upward. Note from an architect: 201 N. Ocean Ave Ext is an R1-1-0 zoned property of approximately 3,822 SF located on the Ocean Ave Ext leading into Santa Monica Canyon. The property is in the City of Los Angeles although its mailing address is in Santa Monica. Note that the property is located in the California Coastal Zone and will be reviewed by LA for conformance with its Local Coastal Plan. However, any project may be subject to additional review by the California Coastal Commission. Los Angeles Zoning regulations allow a single family residence of no more than 45% of the parcel area of 1,720 SF to be built. A Slope Band Analysis of the property should be prepared to confirm the maximum residential floor area for this site per LA City standards. Additionally an ADU of no more than 1200 SF and a Junior ADU of no more than 500 SF can also be built. The property is in a Hillside Area, requiring that any structure meet the standards of theCity's Hillside ordinance. The height limit for the structure is 33' maximum at any point measured from the lowest point 5' from the proposed structure. The overall height cannot exceed 45' from the same datum point.The structure is allowed to be two stories. The front yard setback would be determined through establishing the Prevailing FrontYard Setback of a portion of the existing residences on Ocean Ave. by a licensed surveyor. The maximum is 20' but based on existing residences is will be less. Side Yard setbacks are 5' for structures up to 18' in height and an additional foot foreach increment of 10' in excess of 18'. The Rear Yard setback requirement is 15'. Note that ADU setback requirements are generally 4' from property lines.If there are separate buildings there needs to be 10' of distance between them. Parking for two vehicles are required in a garage. ADU's may require additional parking.Review of rapid transit stops and schedules need to be reviewed to determine if additional parking is required for ADU's. Utilities are available for the property. Water, power and gas are available along OceanAvenue. Sewage disposal is possible through 3 avenues: 1) create a Private SewerEasement with the northerly property owner or 2) utilize the existing Public SewerEasement that runs along the rear of the westerly property and the side of its northerly neighbor to an existing sewer line in Mabery Rd below the property or 3) by the installation of an on-site waste disposal system. Each of these have their own City of Los Angeles requirements that need to be considered to make a decision.