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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 thecountry with many world-renowned companies calling the neighborhood home. 1637-1651 StanfordStreet is located blocks away from some of the nation’s most prestigious companies which includeAmazon Studios, Oracle, Red Bull, GoodRX, CBS Television and Lionsgate.1637-1651 Stanford Street consists of four contiguous parcels on a totalof 23,134 SF of land. The sites are all located within the Conservation Creative Sector of the BergamotPlan. 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 Bill1287, a developer can increase the density by 100% by allocating 15% of the units to very low income, and15% of the units to moderate income.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 9/25/2024 | Community | Santa Monica |
|---|---|---|---|
| County | Los Angeles |
Price History
| Prior to Mar 4, '24 | $11,250,000 |
|---|---|
| Mar 4, '24 - Mar 27, '24 | $10,900,000 |
| Mar 27, '24 - May 17, '24 | $9,999,000 |
| May 17, '24 - Aug 5, '24 | $8,999,999 |
| Aug 5, '24 - Sep 25, '24 | $8,250,000 |
| Sep 25, '24 - Today | $7,950,000 |
Additional Details
| AREA | Santa Monica |
|---|---|
| HOA DUES | 0 |
| LOT | 0.53 acre(s) |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | SMLMSD*, Conservation: Creative Sector |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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