652 Navy Street, Santa Monica, CA 90405

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 Santa Monica lifestyle.

Investment Highlights

Prime Navy Street location

Approx. 2,012 sq. ft. lot

Existing structure with redevelopment potential

Strong precedent for $3M+ luxury sales nearby

Ideal for developers, investors, or owner-users seeking a coastal Santa Monica project

Buyer to verify all zoning, development opportunities, permits, and allowable uses with the City of Santa Monica.