About this home

RARE DEVELOPMENT OPPORTUNITY IN SANTA MONICA! An exceptional opportunity to acquire two adjacent residential properties totaling approximately 13,000 square feet of land in one of Southern California's most desirable coastal communities. Located at 3101 and 3109 Virginia Avenue, these properties are being offered together, creating an exciting opportunity for developers, builders, investors, and buyers looking to capitalize on Santa Monica's evolving housing landscape. DEVELOPMENT POTENTIAL! Both parcels are located within a designated SB 79 Tier 2 Transit-Oriented Development (TOD) Zone, approximately half a mile from qualifying transit. Preliminary mapping indicates the properties may be outside Santa Monica's temporary SB 79 exclusion area, presenting an opportunity to explore higher-density residential development, subject to city verification and approval. With approximately 12,988 square feet of combined land, the possibilities are worth exploring! Potential development concepts may include multifamily residences, townhomes, condominium units, or other residential configurations permitted under applicable state and local regulations. For those looking to preserve the existing residences, the properties also offer the opportunity to own two homes in an established Santa Monica neighborhood near beaches, shopping, dining, parks, and entertainment. TWO PARCELS. ONE OWNER. EXCEPTIONAL POTENTIAL. Opportunities to acquire neighboring properties with this much combined land in Santa Monica are uncommon. Whether you're a developer exploring your next residential project or an investor seeking long-term value, this is an opportunity worth a closer look. Buyer to independently verify all zoning, SB 79 eligibility, development standards, lot dimensions, permitted uses, density, and potential lot consolidation with the City of Santa Monica. No specific development entitlement or unit count is guaranteed.

Facts and features

Schools

• Grant Elementary School

  elementary · K-5 · 0.6 mi

  7

• John Adams Middle School

  middle · 6-8 · 1.2 mi

  6

• Santa Monica High School

  high · 9-12 · 1.9 mi

  9

• New Roads School

  elementary · K-12 · 0.3 mi

• New Roads School

  elementary · K-12 · 0.3 mi

• New Roads Middle School

  middle · 6-8 · 0.3 mi

Price history

• Nov 3, 2026 · Listed$1,788,000
• May 14, 2026 · Listing Removed—
• May 12, 2026 · Listed For Rent$7,500
• Aug 17, 2021 · Sold$1,460,000
• Dec 30, 2013 · Sold$788,000
• Dec 18, 2013 · Listing Removed$799,000
• Dec 6, 2013 · Price Changed$799,000
• Nov 29, 2013 · Price Changed$825,000

Tax history

• 2025$19,589 tax · $1,580,347 assessed
• 2024$18,379 tax · $1,549,361 assessed
• 2023$18,084 tax · $1,489,200 assessed
• 2022$17,855 tax · $1,460,000 assessed
• 2021$11,148 tax · $892,410 assessed
• 2020$11,071 tax · $883,261 assessed
• 2019$10,955 tax · $865,943 assessed
• 2018$10,275 tax · $848,964 assessed

Home value

$1,889,000

• Collateral Analytics$1,889,000
• Quantarium$1,928,724
• Cotality$1,713,400

Where it is