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$ 2,100,000
Est. payment | /mo
7,501 Sqft Lot
$ 2,100,000
Est. payment | /mo
7,501 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF26181312
HOA Y/N No
Lot Size 7,501 Sqft
Property Sub-Type Multi Family
Property Description
1513 17th Street presents a compelling multifamily development opportunity in the heart of Santa Monica, just blocks from major employment, retail, dining, and transit amenities. The property consists of an approximately 7,497-square-foot lot zoned MUBL (Mixed-Use Boulevard Low), providing a favorable framework for residential redevelopment in one of Southern California's most supply-constrained coastal markets.
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Current zoning allows housing projects up to a 3.25 FAR and 70 feet in height, translating to approximately 24,365 square feet of potential floor area and the potential for a six-story residential development, subject to architectural design, applicable development standards, affordability requirements, and City approval.
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Located in close proximity to the Metro E Line's 17th Street/SMC Station, the property offers exceptional regional connectivity and benefits from transit-oriented development policies, including reduced parking requirements that may enhance project feasibility. The site is also minutes from Downtown Santa Monica, Santa Monica College, Silicon Beach employment centers, and the city's extensive collection of restaurants, shopping, entertainment, and recreational amenities.
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With strong underlying land fundamentals, favorable residential zoning, excellent transit access, and significant barriers to new development throughout Santa Monica, 1513 17th Street represents a rare opportunity for developers and investors seeking to create new housing in a premier Westside location.
.
Current zoning allows housing projects up to a 3.25 FAR and 70 feet in height, translating to approximately 24,365 square feet of potential floor area and the potential for a six-story residential development, subject to architectural design, applicable development standards, affordability requirements, and City approval.
.
Located in close proximity to the Metro E Line's 17th Street/SMC Station, the property offers exceptional regional connectivity and benefits from transit-oriented development policies, including reduced parking requirements that may enhance project feasibility. The site is also minutes from Downtown Santa Monica, Santa Monica College, Silicon Beach employment centers, and the city's extensive collection of restaurants, shopping, entertainment, and recreational amenities.
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With strong underlying land fundamentals, favorable residential zoning, excellent transit access, and significant barriers to new development throughout Santa Monica, 1513 17th Street represents a rare opportunity for developers and investors seeking to create new housing in a premier Westside location.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Fireplace No
Laundry Inside
Building
Lot Description Front Yard, Garden, Lawn, Value In Land, Walkstreet
Story 2
Others
Tax ID 4275012023
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Tom Park Berkshire Hathaway Home Serv. 2188251305, DRE #01921090
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