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Dream site for new development, with unobstructed ocean views down Cherry Avenue directly in front of the parcel. Potential for a custom, ocean view, single family home or three ocean view condos. The underlying lot is 6,000 SF, zoned R-23 (15-23 du/ac), with an apparent development potential for a large single family home or up to 3 Condos (buyer to verify allowable use with City), similar to what was just done directly next door: three brand new, ocean view condos listed: $1.89m for 1,890 SF (rear unit), $2.19m for 2,035 SF (ground floor front unit, now listed as a pending sale), $2.29m for 2,089 SF (top front unit). This older 1,574 SF home is 3 bedrooms, 2 baths with a 2 car attached garage at the rear with a large back yard area and patio. The interior improvements are in average condition and could provide good interim income during the entitlement approval process. The home is currently rented month-to-month under market for $1,825/month. Snap up this unobstructed ocean view site, it won't last long!
Listing agent: Paul Marchi DRE #01804886 paulmarchi@sbcglobal.net, Listing office: Pacific Sotheby’s International Realty
MLS data updated 11/1/2026, 1:39:37 AM PT
Source: CRMLS, MLS #: LG21040739
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Apr 1, 2021
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 92008 · Nov 2026
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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.