Prime development opportunity in Sunset Park, Santa Monica. This is an exceptional opportunity to acquire an oversized lot in the heart of Santa Monica's highly sought after Sunset Park neighborhood. Surrounded by recent new construction, this property is ideally positioned for a ground-up luxury new build with strong resale potential. The lot offers favorable scale for a modern, high-end residence consistent with nearby new builds, making it a compelling option for developers seeking location, lot size, and proven market demand. The area continues to command premium pricing due to proximity to beach and mid-city, the westside's top schools, and vibrant retail and dining corridors. Owner-User Alternative: The existing California Bungalow features updated systems and a newer roof, allowing immediate occupancy while planning future development. Owner-users may also explore the ability to add an ADU or two, creating additional income or flexible living options (buyer to verify). A rare chance to secure a high-potential Sunset Park asset with multiple exit strategies in one of Santa Monica's strongest micro-markets.