0.17 Acres in Santa Monica, CA - $3,500,000
Development Opportunity! Prime Santa Monica infill location. Plans with ready to issue permits per owner, to build a 10-unit luxury mixed use development with 1500 square foot retail/office space with 20-parking spaces. Property consist of 10-large one-bedroom luxury apartments with balconies and 1500 square feet of office/retail space. The project was designed by noted global architectural firm HLW. Located in close proximity to the new construction commercial developments along the Colorado Ave corridor. Close proximity to the Santa Monica light rail providing easy access to Westwood, mid-Los Angeles, and Downtown Los Angeles. Owner diligently saw the property through the challenging Santa Monica entitlement process (5 years). The property is ready to be demolished and permits are in a "Ready to Issue Status" per owner. Santa Monica new construction is always a sought after asset class...
Development Opportunity! Prime Santa Monica infill location. Plans with ready to issue permits per owner, to build a 10-unit luxury mixed use development with 1500 square foot retail/office space with 20-parking spaces. Property consist of 10-large one-bedroom luxury apartments with balconies and 1500 square feet of office/retail space. The project was designed by noted global architectural firm HLW. Located in close proximity to the new construction commercial developments along the Colorado Ave corridor. Close proximity to the Santa Monica light rail providing easy access to Westwood, mid-Los Angeles, and Downtown Los Angeles. Owner diligently saw the property through the challenging Santa Monica entitlement process (5 years). The property is ready to be demolished and permits are in a "Ready to Issue Status" per owner. Santa Monica new construction is always a sought after asset class, especially when designed by a noted Global Architectural firm such as HLW. Seller financing is available!
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