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1637 Stanford

Santa Monica, CA 90404
  • $8,999,999
  • STATUS: Active
  • ON SITE: 153 Days
  • ID#: SB24031693
UPDATED: 126 min ago
$8,999,999
  • 0
    BEDS
  • 0.53
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Nico Rosmarin of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

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 thecountry with many world-renowned companies calling the neighborhood home. 1637-1651 StanfordStreet is located blocks away from some of the nations most prestigious companies which includeAmazon Studios, Oracle, Red Bull, GoodRX, CBS Television and Lionsgate.1637-1651 Stanford Street consists of four contiguous parcels on a totalof 23,134 SF of land. The sites are all located within the Conservation Creative Sector of the BergamotPlan. 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 Bill1287, a developer can increase the density by 100% by allocating 15% of the units to very low income, and15% of the units to moderate income.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-17T10:29:56.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/147618085
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1637 Stanford Santa Monica, CA 90404

  • Price: $8,999,999
  • Status: Active
  • On Site: 153 Days
  • Updated: 126 min ago
  • ID#: SB24031693
0
Beds
0
Baths
0
½ Baths
0.53
Acres
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
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 thecountry with many world-renowned companies calling the neighborhood home. 1637-1651 StanfordStreet is located blocks away from some of the nations most prestigious companies which includeAmazon Studios, Oracle, Red Bull, GoodRX, CBS Television and Lionsgate.1637-1651 Stanford Street consists of four contiguous parcels on a totalof 23,134 SF of land. The sites are all located within the Conservation Creative Sector of the BergamotPlan. 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 Bill1287, a developer can increase the density by 100% by allocating 15% of the units to very low income, and15% of the units to moderate income.
Exterior Features

View None View YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Urban Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning SMLMSD* Zoning Description Conservation: Creative Sector



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-17T10:29:56.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Nico Rosmarin of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)