1637 Stanford, Santa Monica, CA 90404
-
Listed Price :
$7,950,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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 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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
1637 Stanford |
| City |
Santa Monica |
| State |
CA |
| Zip |
90404 |
| County |
Los Angeles |
| Listing Agent |
Nico Rosmarin DRE #02023847 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$7,950,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
23,134 |
Listing information courtesy of: Nico Rosmarin, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 10th, 2024 at 6:09 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
