849 FRANKLIN STREET, SANTA MONICA CA 90403

First time on the market in 60+ years! This can be a prime development opportunity or a great remodel with room to expand. Property is being sold "As Is". The existing home features a fantastic open floor plan on the lower level with plenty of room to expand. There is a 424 sq ft carport that can be converted into a garage, effectively adding 412 sq ft to the downstairs living space. In addition, there is a large 869 sq ft rooftop on the second floor that can be enclosed and reimagined along with the 3 upstairs bedrooms & 2 bathrooms. The second floor already enjoys partial ocean views, which could be enhanced with a rooftop deck or reconfigured second level. Opportunities like this rarely come to market. Situated in a prime Santa Monica location, this expansive 16,327 sq ft lot (approximately 75 ft wide by 250 ft deep) is one of the largest available in the area. There are stunning views even from the ground level, with breathtaking vistas from the second story and ocean views from a potential rooftop deckoffering tremendous upside. The generous frontage allows for a bold architectural statement, and the existing structure can be extended forward to fully maximize both lot size and setback allowances. The rear 25% of the lot features a gentle downslope, ideal for a dramatic pool and deck retreatminimizing excavation and construction costs. Whether you're looking to build your own dream home from the ground up in this premier location, or remodel the spacious existing home, this is truly one of the most exceptional lots in Santa Monica. This property offers views of the Brentwood Country Club, the Getty, DTLA, Century City, and more. Easy to show! This RARE property will not last long, come look at it before it is gone!

Listing Courtesy of Raymond A. Lyon, Compass