703-707 Kensington Road is currently situated as an owner-occupied triplex in the Ocean Park neighborhood of Santa Monica. The lot is 5,918 square feet and consists of approximately 1,550 square feet of improvements. The subject property will be delivered vacant to the new owner allowing the opportunity for a residential development play or value-add remodel and build-up. Across the street is Joselyn Park and the backyard boasts views of the Santa Monica mountains. 703 Kensington is just over one-half mile from the ocean and located in a well-rated school district. The zoning is SMOP2* and the asking price is under $300/square foot on the land. The subject property is located on Kensington Road, west of Lincoln and north of Ocean Park Boulevard. The location provides easy access to PCH and the 10 freeway, and is less than one mile from the Santa Monica Pier and Third Street Promenade. The Santa Monica housing market has surged with the increase of technology and entertainment companies moving into the area. Average home prices in Santa Monica have steadily increased to nearly $2.1 million with an average price per square foot of $1,100.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
