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Santa Monica Dirt

Posted by John Hathorn on September 4, 2015
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There is a bit more dirt on the market this week than recent past weeks. 637 Euclid Street, 712 15th Street, 718 10th Street are all land value deals that were available on Monday. 10th went into escrow by Thursday, Euclid would not show until today and 15th Street’s agent tells me they want to wait to see what the MLS publication next week brings.

It will be very interesting to see what these 3 land value properties, all on 50X150 lots sell for. All 3 of them are located between Alta and Montana Avenue and a short walk to the shops, bars and cafes. Most developers shy away from lots close to Montana Ave but more and more I hear from Buyers that want to be able to walk – not drive, to shop, drink and eat. The 1st block north of Montana Ave is really rather untested by developers but with new construction south of Montana Ave coming to market at $1,000 per foot, maybe $5,000,000 spec homes are not far in the future for the lots close to the Montana Avenue action.


Here is your real-time real estate report:

New MLS Listings this Week

333 22nd Street – 5 bedrooms + 6 baths. $5,495,000.   Listed by Pence Hathorn Silver. Over 5,550 square feet of living space! High ceilings, hardwood floors, archways, skylights throughout. Step down living room, large formal dining. Kitchen with Viking appliances. Oversized master suite. Lower level with 1 bedroom and ¾ bath, media/game room. Last sold in July 2011 for $3,350,000.

528 14th Street – 5 bedrooms + 6 baths. $4,199,999.   Mediterranean built in 2006. 4,000 square feet of interior space.   Light and bright. 4 bedrooms up and 5th bedroom downstairs with own bath. Kitchen with granite counters, butler’s pantry.

248 14th Street – 4 bedrooms + 4 baths. $3,395,000.   Listed by Pence Hathorn Silver. Open Saturday and Sunday this week. 2-5PM. Gorgeous Mediterranean with an ideal floor plan. 3 bedrooms and 2 bathrooms up, 1 bedroom and 2 baths down. Entry with 2-story ceilings, step down living room. Lovely brick covered patio, pool and spa. Last sold in April 1997 for $3 million.

637 Euclid Street – 4 bedrooms + 2 baths. $2,975,000.   Trust sale. Nicely maintained 2-story home. Great opportunity to remodel or expand. Beautiful and bright living room with fireplace. Features a studio/guest house/ office, backyard with a serene patio. Last sold in September 1969 for $51,000.

New Sales this Week

718 10th Street – 4 bedrooms + 2 baths. $2,595,000.   Great investment opportunity north of Montana Avenue. Main house with 4 bedrooms and 2 baths with deferred maintenance with detached guest house with full kitchen, 2 bedrooms and 2 baths, plus an office. Remodel or build new! Last sold in May 1991.

No Closed Deals this Week


Pence Hathorn Silver Active Properties:

Call me for a couple of upcoming attractions, priced from $1.9 million to $6 million – they are not in the MLS.

24142 Malibu Rd. – 3 bedrooms + 3 baths $8,000,000

464 25th St. – 6 bedrooms + 7.5 baths $7,750,000

333 22nd St. – 5 bedrooms + 6 baths $5,495,000

640 17th St. – 5 bedrooms + 5.5 baths $5,250,000

248 14th St. – 4 bedrooms + 4 baths $3,395,000

802 San Vicente Blvd. – 3 bedrooms + 2 baths $3,300,000

Search for more homes, see real time analytics and learn about the North Santa Monica / North of Montana Avenue community on our North of Montana blog . Add your comments (scroll down to the “Add Your Comment” section) and read other blogs. And please call my mobile phone (310) 924-4014 with any questions.


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