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Rare developer opportunity with great back end upside. 5 unit condo development project in prime Santa Monica location. Plans are in the final stage of approval and the foundation has been completed. Begin building the day you close escrow with a huge head start. The approved project is for 5 flat condo units - 2 on the first floor with 1,828 & 1,887 sq ft, and 2 on the second floor with 1,828 & 1,372 sq ft. The penthouse sits alone on the 3rd floor with 2,222 sq ft. All parking is SXS. Units on first and second floors have 2 spots each and the penthouse has 3 spots. To give you an idea of the back end upside potential, the recent project at 1253 17th street sold out quickly at full list prices (over $680 per square foot). It could take years for you to bring a project to this stage in Santa Monica if you were starting from scratch. See prvt remarks.
Listing agent: John Hathorn DRE #960182 jh@phsrealty.com, Listing office: Partners Trust Santa Monica
MLS data updated 11/1/2026, 6:21:30 PM PT
Source: CRMLS, MLS #: 14752787
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
May 28, 2014
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90401 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.