Property Description

Rare find and opportunity to build 3 units on a vacant 7,575 square foot lot in Santa Monica. Corner lot with alley zoned SMR2. Property is owned free and clear with an annual cleaning expense of $500 to keep the lot clear of debris. Desirable Santa Monica Beach neighborhood in Santa Monica Malibu School District. Close to SMCC, the upcoming new Light Rail Metro System, Ocean Park, Main Street shops, restaurants and the Santa Monica Pier. High demand area with very low supply.

The site is zoned R2 – Low Density Residential. The development standards are here:

http://www.qcode.us/codes/santamonica/view.php?topic=9-2-9_08-9_08_030&frames=on

Property Summary

Rare find and opportunity for developer to build 3 units in Santa Monica on a vacant corner lot with alley.

Property is owned free and clear and the only annual expense is $500 to keep the lot clear of debris.

Great Santa Monica Beach Location in desirable neighborhood in the Santa Monica Malibu Unified School District and close to SMC. Santa Monica continues to be one of the most vibrantly growing diverse economies with headquarters of many high profile entertainment and technology corporate firms and the new Expo Line.

Neighboring communities of Prime West Los Angeles, Brentwood, Pacific Palisades and Venice Beach. High demand area with very low supply. This is an unusual opportunity that will not last.