A (RTI) development site, presenting a rare opportunity to develop a Mixed-Use property with 10 Large Luxury One-Bedroom One-Bathroom Units as well as 1,600 square feet of Ground Floor Retail/Office space. This property presents a pristine canvas for development with the ability to avoid the entitlement process by pursuing existing plans or Investors ca view the land through their own creative lens and develop a trophy asset in Mid City Santa Monica. Project Description-RTI-ready to issue permits to build a Three Story mixed-use project. The ground level designated for 1,600 Square Feet of Retail/Office space and the 2nd and 3rd floors containing10 residential units. Lastly the current plans provide Subterranean Parking with a total of 20 parking spaces. Existing plans will be provided upon request. Zoned as Mixed-Use Boulevard Low (MUBL) - This Zoning District is intended to facilitate the transformation of sections of boulevards into vibrant, highly walkable areas with broad, pedestrian-friendly sidewalks, trees, landscaping, and local-serving uses with new buildings that step down in relationship to the scale and character of adjacent low-density neighborhoods. Allowable ground floor uses include active, local-serving retail, open spaces such as plazas, service-oriented commercial uses, residential, and hotel uses in limited areas. Residential development for all income levels is the predominant use above the first floor. Don't miss out on this exceptional opportunity to make your mark on Santa Monica's real estate landscape.
Residential Development Opportunty, Leased through 11/2023 ($5,500 per month), 11 Units Being Built Next Door, ± 7,500 SF Available
We are pleased to present 1637-1651 Stanford Street, a multifamily development opportunity in Bergamot neighborhood of Santa Monica. The Bergamot Neighbor of Santa Monica is one of the most desirable development markets in the country with many world-renowned companies calling the neighborhood home. 1637-1651 Stanford Street is located blocks away from some of the nation’s most prestigious companies which include Amazon Studios, Oracle, Red Bull, GoodRX, CBS Television and Lionsgate. 1637-1651 Stanford Street consists of four contiguous parcels on a total of 23,134 SF of land. The sites are all located within the Conservation Creative Sector of the Bergamot Plan. For Housing Projects located within the Conservation Creative Sector, the plan allows for market-rate multifamily to reach a height of 55 ft with a FAR of 2.5 while 100% affordable housing developments are allowed a maximum height of 65 ft with a FAR of 3. The sites are located within a half mile of the 26th Street/Bergamot light rail Metro line giving developers the ability to use California Assembly Bill 2097 to significantly reduce the parking requirements for housing projects. In addition, by utilizing the newly passed bill, California Assembly Bill 1287, a developer can increase the density by 100% by allocating 15% of the units to very low income, and 15% of the units to moderate income.
Introducing 1917 4th St - The Perfect Opportunity in Santa Monica Located at 1917 4th St in the heart of Santa Monica, California, this exceptional property presents a unique investment opportunity. Offering a highly sought-after location and a vibrant community, 1917 4th St is a valuable asset with immense potential. The property boasts 6,135 square feet (0.14ac) of land space, perfectly suited for a range of residential or commercial uses. This prime location is in close proximity to popular shopping destinations, renowned restaurants, and bustling entertainment venues. The property enjoys excellent visibility, ensuring maximum exposure for any business and attracting high value tenants. With its potential, 1917 4th St stands out as an attractive investment option. Please, note there is a 720sf vacant structure on the property. Whether you are an investor looking to add to your portfolio, a business owner searching for the perfect space, or an entrepreneur seeking to establish a foothold in Santa Monica, this property offers unparalleled opportunities. Don't miss out on the chance to own this exceptional property at 1917 4th St. Contact us today to get more info.
Building Permit Ready to Issue in September 2024. Builders/Developer's delight, vacant Lot with planning approval to build a five (5) units contemporary condo building(one affordable), right across the street from Santa Monica College (SMC). Conveniently located in between SMC and Metro Expo Line Rail Station on Colorado Ave which leads to USC and Downtown LA. All units are designed with 2 bedrooms and 2.5 Bathrooms, in addition to the private Balcony and roof top deck for an outdoor living space. Just minutes to the beach, 3rd street Promenade, Santa Monica Pier where fine dining and shopping awaits. Easy Access to freeway and public transportation. While 1949 17th can be delivered as-is with approved plans, the seller is also open to selling the project with permits ready to issue. Please contact listing agents for more details.
Development Opportunity! Prime Santa Monica infill location. Plans with ready to issue permits per owner, to build a 10-unit luxury mixed use development with 1500 square foot retail/office space with 20-parking spaces. Property consist of 10-large one-bedroom luxury apartments with balconies and 1500 square feet of office/retail space. The project was designed by noted global architectural firm HLW. Located in close proximity to the new construction commercial developments along the Colorado Ave corridor. Close proximity to the Santa Monica light rail providing easy access to Westwood, mid-Los Angeles, and Downtown Los Angeles. Owner diligently saw the property through the challenging Santa Monica entitlement process (5 years). The property is ready to be demolished and permits are in a "Ready to Issue Status" per owner. Santa Monica new construction is always a sought after asset class, especially when designed by a noted Global Architectural firm such as HLW. Seller financing is available!
The median home value in Santa Monica, CA is $1,600,000. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Santa Monica, CA is $1,600,000. Approximately 25.36% of Santa Monica homes are owned, compared to 63.49% rented, while 11.15% are vacant. Santa Monica real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Santa Monica real estate agent to arrange a tour today!
Santa Monica, California has a population of 92,828. Santa Monica is less family-centric than the surrounding county with 28.07% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Santa Monica, California is $99,847. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Santa Monica is 41.4 years.
The average high temperature in July is 73.5 degrees, with an average low temperature in January of 49.3 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.