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$ 6,000,000
Est. payment | /mo
0.53 Acres Lot
$ 6,000,000
Est. payment | /mo
0.53 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26814807
HOA Y/N No
Lot Size 0.531 Acres
Acres 0.5311
Property Sub-Type Unimproved Land
Property Description
1637- 1651 Stanford Street presents a rare opportunity to acquire a +/- 23,134 square foot development site in one of Santa Monica's most supply-constrained and highly desirable locations. Comprised of four parcels and zoned SMLMSD (Santa Monica Light Manufacturing & Studio District), the property offers significant flexibility for residential, creative office, or mixed-use development. Preliminary plans have been explored for a 71-unit 100% affordable housing development, highlighting the site's ability to support meaningful density under current planning frameworks. With the continued evolution of California housing legislation, there is potential to further enhance density through programs such as the State Density Bonus Law, creating an attractive opportunity for developers seeking to maximize yield in a high-barrier-to-entry market. Located just minutes from the Water Garden, Bergamot Station, and major employers such as Oracle, Amazon Studios, and Red Bull, the site sits at the epicenter of Santa Monica's thriving creative and tech corridor. This prime positioning provides strong demand drivers for both residential and mixed-use projects.
Location
State CA
County Los Angeles
Zoning SMLMSD*
Interior
Fireplace No
Exterior
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 4268004024
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Listed by Hooman Emanuel • Keller Williams Studio City
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