1302 Yale Street
1302 Yale Street
$1,599,000
2
1
1,010
1,010
$1,583
Description
Charming home on a large corner lot in prime Santa Monica! This charming single family home offers a thoughtfully designed floor plan, featuring a spacious living room bathed in natural light, a formal dining room that sets the stage for memorable gatherings, and a generous kitchen with stainless steel appliances, ensuring both functionality and comfort. Escape to the enchanting private backyard oasis that provides the perfect backdrop for alfresco dining, leisurely afternoons, and year-round California...Charming home on a large corner lot in prime Santa Monica! This charming single family home offers a thoughtfully designed floor plan, featuring a spacious living room bathed in natural light, a formal dining room that sets the stage for memorable gatherings, and a generous kitchen with stainless steel appliances, ensuring both functionality and comfort. Escape to the enchanting private backyard oasis that provides the perfect backdrop for alfresco dining, leisurely afternoons, and year-round California living at its finest. Located just moments away from LA's vibrant dining, shopping, Farmers Markets, and grocery stores like Erewhon, Whole Foods, Trader Joes, and Bristol Farms, every convenience is at your fingertips. Plus, families will appreciate the proximity to Santa Monica's top-rated schools, ensuring a quality education for young learners. Plus, explore the added opportunity of converting the garage into an Accessory Dwelling Unit (ADU), providing additional living space or rental income. Huge Development/Investment Potential: Build up to a 13-unit apartment/condo building on the site with the application of the State Density Bonus Law and State Multifamily ADU Law. Because this property qualifies for the State Density Bonus Law, a developer could build up to 4 stories (instead of 2) and get significantly reduced setbacks on all sides. Because the property is on a corner with an alley, any development would be open on 3 sides - allowing for great sunlight and unobstructed views. Because the development would be replacing a single family home that is not subject to rent control, the new development would also be exempt from both city and state rent control - a huge and rare advantage in a jurisdiction like Santa Monica. This property has the potential to be a true trophy asset and cash cow in one of the strongest rental markets in the nation.
- Listed by Daniel Galdjie • DRE #02033945 • Brokerage DRE #02033945 • Cyrus Pacific Realty, Inc.
- Listed by Azad Naim • DRE #02152637 • Brokerage DRE #01854200 • KW Advisors
Property Details for 1302 Yale Street
Zoning
SMR2*
StyleContemporary
Parcel Number4267010031
Living Area1010
Source Living AreaVendor Enhanced
AreaSanta Monica (C14)
Lot Size Area6219
Source Lot Size AreaVendor Enhanced
Location
LISTING UPDATED: 05/20/2024 12:00 PM
Property Details for 1302 Yale Street
Status | Active |
---|---|
MLS # | 24-381807 |
Days on Market | 38 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1941 |
Lot Size | 0.14 AC / 6,219 SF |
County | Los Angeles County |
Location
Building Information for 1302 Yale Street
Stories-Year Built1941Building Size-Lot Size0.14 AC / 6,219 SF
Payment Calculator
$10,365 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1302 Yale Street
Property History for 1302 Yale Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1302 Yale Street
Taxable ValueLand$1,135,271Additions$494,053Total$1,629,324
Tax Record2023$19,664 ($1,639 / month)
Home Facts
Beds2Total Finished SqFt1,010 SqFtAbove Grade Finished SqFt1,010 SqFtLot Size6,217 SqFtStyleSingle Family ResidenceYear Built1941ZoningSMR2*CountyLOS ANGELESAPN4267-010-031
Schools near 1302 Yale Street
This home is within Santa Monica-Malibu Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
McKinley Elementary School PublicK to 5 | ||
Lincoln Middle School Public6 to 8 | ||
Santa Monica High School Public9 to 12 | ||
Olympic High (Continuation) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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