Thank you
Nico Rosmarin
Lyon Stahl Investment Real Estate, Inc.
310-425-9838
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.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.5311
Lot Size Source: Public Records
Lot Size Square Feet: 23134
Original List Price: 9,999,000
Listing Contract Date: 2024-02-12
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4268004024
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C14 - Santa Monica
Directions: Cross Streets are Stanford and Colorado
Zoning: SMLMSD*
Source Property Type: Land
Area: C14 - Santa Monica
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1447 18th Street, Santa Monica, CA,90404 | $3,250,000 | -- | -- | -- | 7503 Sqft |
1925 19th Street, Santa Monica, CA,90404 | $1,895,000 | 5 | 2 | 2,178 | 8006 Sqft |
1815 10th Street, Santa Monica, CA,90404 | $3,095,000 | 11 | -- | 5,355 | 9076 Sqft |
1912 Broadway #108, Santa Monica, CA,90404 | $575,000 | 1 | 1 | 722 | 15011 Sqft |
1823 20th Street #103, Santa Monica, CA,90404 | $1,199,000 | 2 | 2 | 1,359 | 6081 Sqft |
1534 17th Street #205, Santa Monica, CA,90404 | $1,695,000 | 1 | 2 | 1,321 | 15004 Sqft |
1427 S 17th Street, Santa Monica, CA,90404 | $4,150,000 | 8 | -- | 3,950 | 7495 Sqft |
1411 Cloverfield Boulev.., Santa Monica, CA,90404 | $3,450,000 | 5 | -- | 4,011 | 4098 Sqft |
1949 17th Street, Santa Monica, CA,90404 | $3,200,000 | -- | -- | -- | 7749 Sqft |
1311 Centinela Avenue #3, Santa Monica, CA,90404 | $1,499,000 | 2 | 3 | 1,662 | 11966 Sqft |
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ByOwner last updated this listing 05/05/2024 @ 13:39
MLS: SB24031693
LISTED BY: Nico Rosmarin, Lyon Stahl Investment Real Estate, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 1.25%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.