1256 Princeton Street, Santa Monica, CA 90404

Property Description

1256 Princeton represents a great opportunity to rehab the existing 6 vacant units, or scrape and rebuild multiple units. Currently, there are five one-bedroom + one-bath units and one single in approximately 3,105 square feet of improvements. The buildings need to be completely rehabbed. Four of the units have been vacant for approximately 28 years or more, one has been vacant since approximately 2004 and one since about 2016. This is the first time the property is being sold in over 65 years! Situated in a fabulous area of Santa Monica - just ½ block from Wilshire Blvd and a few blocks from Douglas Park, Erewhon market, CVS, McKinley Elementary School and St. John’s Medical Center - the R2-zoned lot measures 6,403 square feet and has an alley in back.