This is a bank approved short sale price! A fantastic opportunity to rebuild or redevelop in desirable Santa Monica Canyon! This large (over 7,600 square foot) lot is the perfect site to redevelop the current residence or rebuild from the ground up with potential for a larger 2-story home. The current residence consists of 3 bedrooms and 2 bathrooms with a lovely front courtyard and private back patio. This sought after location is just blocks from the beach and restaurants and is in the Canyon Elementary School District. Bring your contractors and developers - this fantastic offering won't last long!