NOT LISTED FOR SALE

1124 Broadway Santa Monica, CA 90401

Pico Neighborhood

Estimated Value: $1,624,000 - $2,112,000

0.05 Acre
$37,045,767 Price per Acre
2,132 Sq Ft Lot

Last Sold September 16, 2021

Last sale price $1,500,000 $1,904 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $11,120/month

139 Days on Market

Highlights

  • Fenced
  • Level Lot
  • 4-minute walk to Euclid Park
  • Roosevelt Elementary School Rated A+

About This Lot

As of September 2021

Location, Location, Location. Incredible Development Opportunity, with Santa Monica's casual lifestyle. Capitalize on the dually zoned property, one mile from the iconic Santa Monica Beach, steps to incredible restaurants and a short distance to famous 3rd St Promenade. Extremely desirable area.

Last Agent to Sell the Property

Elizabeth Pease

Coldwell Banker Realty License #01311069 Listed on: 02/22/2021

Coldwell Banker Realty

Last Buyer's Agent

Elizabeth Pease

Coldwell Banker Realty License #01311069 Listed on: 02/22/2021

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,641

Lot Details

  • 2,132 Sq Ft Lot
  • Fenced
  • Level Lot
  • Property is zoned SMBCD*

Utilities

  • Property is located within a water district
  • Sewer in Street
  • Public Hookup Available For Sewer
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4282-031-001

Property Details

Property Type

Land

Est. Annual Taxes

$18,641

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.0489
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Description: Public, Sidewalk
  • Street Lights: Yes
  • View: No

Utilities

  • Cable: Yes
  • Electric: On Site
  • Gas: On Site
  • Sewer: In Street, Public Hookup Available
  • Telephone Service: On Property
  • Telephone: Yes
  • Water: District, Meter on Property

Lot Info

  • Assessor Parcel Number: 4282-031-001
  • Lot Description: Fenced
  • Lot Location: Alley Access
  • Lot Size Area: 2132
  • Possible New Zone: Multiple Units
  • Potential Usage: Multiple Units, Commercial
  • Site Decription: City, Flats
  • Topography: Flat
  • Usable Land Percent: 100.00
  • Water Well: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Sep 2, 2021
Sold by
Lopez Jesus and Jesus Lopez Trust
Bought by
Arsh Developments Llc
Seller's Agent
Elizabeth Pease
Coldwell Banker Realty
Buyer's Agent
Elizabeth Pease
Coldwell Banker Realty
List Price
$1,699,000
Sold Price
$1,500,000
Premium/Discount to List
-$199,000
-11.71%
Current Estimated Value
$1,811,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,538
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
Jun 22, 2021
Sold by
Lopez Jesus
Bought by
Lopez Jesus
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Arsh Developments Llc $1,500,000 Equity Title Los Angeles
Lopez Jesus -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2021 09/16/21 Sold $1,500,000 0.0% $1,904 / Sq Ft
09/16/2021 09/16/21 Sold $1,500,000 0.0% $1,904 / Sq Ft
07/11/2021 07/11/21 Pending -- -- --
07/11/2021 07/11/21 Pending -- -- --
04/17/2021 04/17/21 Price Changed $1,500,000 0.0% $1,904 / Sq Ft
04/17/2021 04/17/21 Price Changed $1,500,000 -11.7% $1,904 / Sq Ft
02/22/2021 02/22/21 For Sale $1,699,000 0.0% $2,156 / Sq Ft
01/13/2021 01/13/21 For Sale $1,699,000 -- $2,156 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,641 $1,591,811 $1,432,630 $159,181
2024 $18,641 $1,560,600 $1,404,540 $156,060
2023 $18,342 $1,530,000 $1,377,000 $153,000
2022 $18,114 $1,500,000 $1,350,000 $150,000
2021 $3,478 $294,065 $195,183 $98,882
2020 $3,453 $291,051 $193,182 $97,869
2019 $3,420 $285,345 $189,395 $95,950
2018 $3,192 $279,751 $185,682 $94,069
2016 $3,071 $268,890 $178,473 $90,417
2015 $3,032 $264,852 $175,793 $89,059
2014 $2,996 $259,665 $172,350 $87,315
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Pease

    Seller's Agent in 2021

    Elizabeth Pease

    Coldwell Banker Realty

    (310) 560-7011

    2 in this area

    10 Total Sales

    Elizabeth Pease
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Map

Source: The MLS

MLS Number: 21-696376

The MLS

APN: 4282-031-001

California Los Angeles County Santa Monica 90401 Pico

1124 Broadway, Santa Monica, CA

This home is located at 1124 Broadway, Santa Monica, CA 90401 since 22 February 2021 and is currently estimated at $1,811,538, approximately $2,298 per square foot. 1124 Broadway is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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