1637-1651 Stanford St, Santa Monica, CA 90404
0.53 Acres of Residential Land Offered at $8,250,000 USD in Santa Monica, CA 90404
For Sale
Active
Asking Price $8,250,000
- Property Type
-
Land
- Square Feet
- 23,087 SF
Listing Contacts
Nico Rosmarin
Property Overview
1637-1651 Stanford Street consists of four contiguous parcels with vacant single-family homes 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.
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.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Prime Santa Monica multifamily development opportunity
- Within a half mile of the 26th Street/Bergamot light rail allowing for a reduction in parking requirements
- In close proximity to major employers such as Amazon Studios, Oracle, Red Bull, GoodRX, CBS Television and Lionsgate
All available spaces
- Space
- Lot 1
- Size
- 23,087 SF
- Price
- $9,999,000
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