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Santa Monica Dirt

Posted by John Hathorn on March 25, 2016
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802 San Vicente Boulevard_72x48_FINAL_SMALL

As Santa Monicans await the May 20th opening of the expo line, another “car-less” announcement has been made. Downtown Santa Monica will host the city’s first ever “Open Street” festival on Sunday June 5th.

A nearly 2-mile stretch from Wilshire to Marine street will be closed to all cars along Ocean Avenue and Main Street. While details are still being finalized, live music, food trucks and beer gardens are expected. The expo line’s Colorado Esplanade is a main hub for the event and officials hope that locals come out, visit and get familiar with the train to jump start widespread use.

While the event itself is car-free, I would expect auto-mayhem in the surrounding parking garages. My insider tip is to get a Hulu bike and pedal your way down Montana Avenue for a true traffic free experience.

Here is the latest North of Montana Ave real estate news:

My team – Pence Hathorn Silver is re-launching our listing at 802 San Vicente   this week. It is 3 bedrooms, 2 bathrooms currently but is being marketed as a large lot-value development opportunity for $3,288,000.  This is a large corner lot approximately 9,474 square feet, 60 x 159.

Suddenly there are a few new opportunities on the highly coveted La Mesa Drive –   2219 La Mesa Drive  – is a 4 bedroom, 6 bathroom for a paltry $14,775,000.   It is sort of Craftsman in style on an 18,100+ square foot lot overlooking the Riviera Country Club Golf Course – killer view of the fairway below.  A little dated but I am sure this will sell fairly quickly.

My partners and I are quietly marketing the Ostrow home at 2550 La Mesa Way. It has a full size tennis court and a pool but needs updating. Call me for details. It is not published in the MLS yet.

The Nelson home on La Mesa is also available for $6.5 million.

Wondering why 551 Lincoln Drive  keeps coming on and off the market?  The owner would like to sell but only if they get their price. It has been leased from time-to-time but is once again available to purchase. 5 bedrooms and 5 bathrooms for $3,495,000.  It was last on the market  July 2015.  Last sold in February 1996 for $850,000.

The corner of 26th and Alta is now available. 2520 Alta Avenue   3 bedrooms and 3 bathrooms for $3,195,000.   Completely remodeled Spanish on a corner lot.   Walled and gated for privacy. Features formal entry, beamed ceilings, refinished hardwood floors, large open kitchen, private backyard with pool, spa and grassy lawn, covered patio.  Last sold in May 2013 for $2,300,000.

The architect/contractor John Andrews designed home at 219 23rd Street  launched last week. It is a beautiful 5 bedroom, 6 bathroom, tri-level home for $6,450,000.  Newly constructed and just completed, bright and sunny traditional style with wide plank oak light floors, high ceilings and large retractable skylight, elegant master suite with luxurious master bath, basement with screening room, en-suite guest bedrooms. Grassy backyard and covered patio.  Elevated lot.  Franklin school district.   Last sold in March 2013 for $2,450,000 as a tear-down.

507 11th Street 4 bedrooms and 3 bathrooms.  $3,690,000.  Sold in about 3 weeks. Architectural style with high ceilings and lots of light.  Desirable floor plan with a bedroom suite on main level and 3 bedrooms and an office on the second floor.  Luxurious master suite with private access to the backyard and hot tub.  Private backyard with space for pool.  Last sold in July 2010 for $2,700,000.

225 22nd  Street  came back on the market 2 weeks ago. It is a tri-level 5 bedroom, 8 bathroom for   $6,500,000.   Over 6,700 square feet of living space.  Sophisticated Cape Cod with designer finishes and quality throughout.  3-levels with elevator.  Main level offers formal living and dining, large family room, office/library, landscaped front yard.  White marble kitchen with Subzero, Bosch, Wolf appliances, oversized center island.  Lower level with guest suite, bonus room, wine cellar, bar and home theater.  Upper level offers 4 en-suite bedrooms including master retreat.  Last sold in September 2014 for $5,700,000.

1702 Alta Avenue – is under contract after only a few weeks on the market. 6 bedrooms and 7 bathrooms for $6,195,000.  Sun drenched villa over 7,700 square feet on a corner lot. This is where former Laker coach Mike Dunleavy lived  – one or two owners ago.

603 25th Street 5 bedrooms and 6 bathrooms.  Was listed for $5,695,000 and has been reduced to $5,295,000.  Mediterranean home built in 2008 not far from the Brentwood Country Mart. Last sold in November 2008 for $4,700,000.

523 9th Street has gone into escrow. 5 bedrooms and 5 bathrooms.  Was originally listed in October 2015 at $4,675,000 and a price reduction to $4,425,000 did the trick. Over 5,000 square feet of living space for well under $900 per sq ft!

507 11th Street 4 bedrooms and 3 bathrooms.  $3,690,000.  Sold in around 3 weeks. Architectural style with high ceiling and lots of light.  Desirable floor plan with bedroom suite on main level and 3 bedrooms and an office on the second floor.  Luxurious master suite with private access to the backyard and hot tub.  Private backyard with space for pool.  Last sold in July 2010 for $2,700,000.

101 17th Street – 6 bedrooms + 10 baths just closed escrow for $7,350,000 a few months after reducing the price to $7,995,000.  It was originally listed for $8,665,000 when it first hit the market. French Villa on a nearly 15,000 square foot lot.  Huge house with an elevator, basement hosting theater, lounge, wine cellar, guest quarters.

Sold with multiple offers is 738 22nd Street3 bedrooms and 3 bathrooms.  $3,395,000.   One-story hacienda. Very close to Montana Ave for those who like to be near all the cool shops and cafes. Last sold in February 2003 for $1,460,000.

The development opportunity at 376 22nd Street is now a closed escrow.  3 bedrooms and 2 baths.  Sold $100,000+ over asking at $3,140,000.

And last but not least, my sale at 302 16th Street – has closed for $100,000 over list price. 5 bedrooms and 5 baths and a bonus room over the garage. Closed for $3.9 million.

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 $6,495,000

528 14th Street – 5 bedrooms and 5.5 baths $4,095,000

845 Lincoln Boulevard – Commercial property $3,995,000

802 San Vicente Boulevard – 3 bedrooms and 2 baths $3,288,000

12127 Dorothy Street #102 – 6 bedrooms and 6.5 baths $3,095,000

1383 Jonesboro Drive – 3 bedrooms and 3 baths $2,895,000

428 Mesa Road – 2 bedrooms and 1 bath $2,200,000

860 Brooks Avenue – 1 bedroom and 1 bath $1,695,000


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