652 Navy St, Santa Monica, CA 90405
Redevelopment Opportunity – Ocean Park / Santa Monica
Rare opportunity to acquire a property in one of Santa Monica’s most desirable coastal neighborhoods. Located on Navy Street, this approximately 2,012 sq. ft. lot offers investors, developers, and end users the opportunity to create a future custom residence or explore redevelopment potential, subject to City approvals.
Recent nearby redevelopment and luxury new-construction sales demonstrate the strong demand for newly built homes on smaller coastal lots:
Recent Redevelopment / New Construction Comparable Sales
• 645 Navy St, Santa Monica
Sold for $3,119,388
3 Beds | 3 Baths | 1,806 Sq. Ft.
Approx. 2,000 Sq. Ft. Lot
Brand-new architectural home featuring high-end finishes and modern coastal design.
• 647 Navy St, Santa Monica
Pending Sale for $2,995,000.00
Approximately 1,806 Sq. Ft. residence on Navy Street, demonstrating the premium buyers have historically placed on this location.
These comparable sales highlight the significant upside potential for a buyer who can transform 652 Navy Street into a modern luxury residence. The property benefits from its proximity to the beach, Main Street, Abbot Kinney Boulevard, restaurants, shopping, and the highly desirable Santa Monica lifestyle.
Investment Highlights
Prime Navy Street location
Approx. 2,012 sq. ft. lot
Existing structure with redevelopment potential
Strong precedent for $3M+ luxury sales nearby
Ideal for developers, investors, or owner-users seeking a coastal Santa Monica project
Buyer to verify all zoning, development opportunities, permits, and allowable uses with the City of Santa Monica.
Additional Features
- 0-1 Unit/Acre
- Value In Land
- One
- None
- Parking spaces: 1.00
- Listing Status: Active
- Listing Agent: Noe Blanco
(lic# 01787137)
of Inglewood
- Listing Office: RE/MAX Alliance Group
(lic# 01788875)
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Based on information from CRISNet MLS as of 3rd November 2026 at 12:33pm. 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.
