24 ARCADIA TER Santa Monica, CA 90401

Rare opportunity to purchase prime ocean view ready to build Beach area lot, steps from the sand. Located on Santa Monica's ONLY gated private walk street; a hidden gem surrounded by an urban paradise. Zoned R3 (3 story multi-family zoning) to allow for single family, condos, or apts. Stunning views would inc ocean, surf, beach, & pier views along the 90 ft of frontage. This parcel was used as a garden to the house next door for over 100 years & has never been developed. NO Ellis, NO unit to demo, NO Landmark filing, NO construction moratorium, etc. NO Architectural Review Board approval needed if single family residence is built. Custom home of approx. 4000sf possible, at cost far below any comparable house on the market. Ideal slope towards beach allows for huge basement possibility with plenty of parking. World class location across from the newly developed "Ocean Avenue South", Tongva Park, Santa Monica Pl, 3rd St Promenade, Farmers Market, luxury hotels, the list can go on and on.