Santa Monica, CA – The commercial building that housed Santa Monica’s Angels Attic, a museum for antique dollhouses, dolls, miniatures and toys, has been sold for $3,000,000, or $1,107 a square foot.
Built in 1895, the two-story freestanding Queen-Anne Victorian is in Downtown Santa Monica located at 516 Colorado Avenue. The 2,709-square foot building lies on 6,462-square feet of land, between 5th and 6th Street, less than a block from the Colorado and 7th Street Metro station.
The property was sold by a family trust to a high-net worth investor.
Jackie McMahan established Angels Attic museum to showcase her collection of dolls and dollhouses, which was valued in the millions of dollars. Together with former fashion editor, Eleanor LaVove, they spent a year restoring the house before opening the museum in 1984. The museum closed its door last month.
“This sale was a rare opportunity and a chance to own part of Santa Monica history.” T.C. Macker, CCIM said. “The buyer saw the investment value and wanted to close as soon as possible.”
T.C. Macker, CCIM of Coldwell Banker Commercial WESTMAC represented both the Buyer and Seller.
The new owner has applied for a demolition permit as of 12/26/2018.