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Santa Monica Dirt: Who will win—The FAA or Santa Monica?

Posted by John Hathorn on August 30, 2016
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City council voted unanimously to shut down the Santa Monica Airport, projected to close by 2018. Although this is the third time in 35 years they have attempted to do so. The City has a major uphill battle. Land belongs to the City but the current federal aviation grant is not up until 2023. A trial is already set by the City for August 2017 to release them of their obligations of land use.

In the meantime, the City plans to cut the runway by 2000 feet, prohibit leaded fuel use, increase security and enforce noise ordinances. Also Hanger permits now required in place of leases. These changes are implemented to hopefully lessen the number of jet flights and create a less desirable choice for aviators.

You may remember back in 2014 Santa Monica citizens voted that the airport would be used for recreational purposes that serve the community.

Residents in the surrounding areas complain of noise and pollution affecting the environment and community. Others worry that economically this can hurt the City or that special interest groups are behind the push to close the airport, in hopes of overdevelopment of the land.

5 new listings, 1 relist, 1 sale  and 2 closed sales since my last update to you.

New listings:

739 20th Street – is a 6 bedrooms, 6 baths asking $5,995,000.  Over 5,300 square feet of interior space in Gillette’s Regent Square.  5 bedrooms, maid’s quarters, formal dining, living room with wet bar.  It just a few doors up from Montana ave so a great walk score and the garage has an EV charging station for your Tesla!

607 26th Street6 bedrooms + 7 baths.  $3,950,000.  Newer custom built Mediterranean on a large 9,900 square foot lot.  Close to Brentwood Village and Montana Avenue.  Bright with lots of natural light with 2-story entry, high ceilings, open floor plan, luxurious master and master bath with balcony.  Last sold in June 2003 for $1,010,000.

230 14th Street 3 bedrooms + 2 baths.  $3,299,000.  Single-story traditional with vaulted, beamed and skylight ceilings, gleaming hardwood floors, chef’s kitchen, and expansive deck. Last sold in August 1998 for $910,000.

922 San Vicente Boulevard5 bedrooms + 3 baths.  $2,890,000.  Sophisticated Spanish Revival with classic elements and details. Original details include hand-carved wood front door, exposed beams, terra cotta roof tiles, arched ceilings, and more.  Private and quiet with the home set back from San Vicente boulevard on a large lot.  Last sold in July 1973 for $125,000 .

Re-entering the market 6 days ago is 421 23rd Street –  5 bedrooms and 6 bathrooms at a reduced price of $5,995,000 listed by Pence Hathorn Silver. This 6,500+ square foot East Coast Traditional looks like new after owner decided to refinish the hardwood floors from the original dark hardwood to a lighter hardwood.  What a difference! The home looks fresh, bright and light.  Last Tuesday’s broker’s caravan was a success with over 60 agents trekking through. Last sold in June 2010 for $4,190,000.

Listed and sold in less than a week:

443 Euclid Street3 bedrooms + 2 baths.  $2,995,000.  Listed by yours truly. Excellent location north of Marguerita Ave. Bring your imagination to restore or build new on this 50×150 lot in Roosevelt school district. Mostly all original house of 1,693 square feet built in 1926.

We have two closed sales this period:

370 20th Street5 bedrooms and 5 bathrooms.  $5,600,000.

428 Mesa Road  2 bedrooms and 1 bath.  $1,575,000.  Listed and sold by Pence Hathorn Silver.

Call me for a couple of upcoming attractions that are not yet listed in the MLS, priced from $1.9 million to $8 million.  And….here are a few that we have listed in the MLS:

421 23rd Street – 5 bedrooms and 6 baths $5,995,000

416 18th Street – 5 bedrooms and 5.5 baths $4,950,000

215 21st Place – 5 bedrooms and 4.5 baths $4,875,000

1012 2nd Street Unit# 2 – 3 bedrooms and 3.5 baths $3,895,000

443 Euclid Street  – 3 bedrooms and 2 baths $2,995,000

817 17th Street Unit# 4 – 3 bedrooms and 2.5 baths $1,695,000

11616 Chenault St. #6 – 2 bedrooms and 2 baths $849,000

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