$1,325,000

652 Navy St, Santa Monica, CA 90405 Redevelopment Opportunity – Ocean Park / Santa Monica Rare opportunity to acquire a property in one of Santa Monica’s most desirable coastal neighborhoods. Located on Navy Street, this approximately 2,012 sq. ft. lot offers investors, developers, and end users the opportunity to create a future custom residence or explore redevelopment potential, subject to City approvals. Recent nearby redevelopment and luxury new-construction sales demonstrate the strong demand for newly built homes on smaller coastal lots: Recent Redevelopment / New Construction Comparable Sales • 645 Navy St, Santa Monica Sold for $3,119,388 3 Beds | 3 Baths | 1,806 Sq. Ft. Approx. 2,000 Sq. Ft. Lot Brand-new architectural home featuring high-end finishes and modern coastal design. • 647 Navy St, Santa Monica Pending Sale for $2,995,000.00 Approximately 1,806 Sq. Ft. residence on Navy Street, demonstrating the premium buyers have historically placed on this location. These comparable sales highlight the significant upside potential for a buyer who can transform 652 Navy Street into a modern luxury residence. The property benefits from its proximity to the beach, Main Street, Abbot Kinney Boulevard, restaurants, shopping, and the highly desirable