Santa Monica Development Opportunity
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Santa Monica Development Opportunity
2 Properties in Santa Monica, CA
Investment Highlights
- ±23,846 SF condo development opportunity including adjacent parking lot
- MUBL Zoning, rare opportunity for a buyer to add value through innovative redevelopment
- Parking lot area offers approximately 75 Surface Spaces to developer
Executive Summary
Developer Area:
o ±1,802 SF Basement
o ±10,954 SF First Floor
o ±11,090 SF Second Floor
o ±23,846 SF Total Building Developer Area
o 75 Spaces Total Parking Lot Developer Area
Seller will establish a building separation plan for condo space that will include a portion of the basement, first and second floors
Buyer to fund and perform improvements to condo separation and common areas
o ±1,802 SF Basement
o ±10,954 SF First Floor
o ±11,090 SF Second Floor
o ±23,846 SF Total Building Developer Area
o 75 Spaces Total Parking Lot Developer Area
Seller will establish a building separation plan for condo space that will include a portion of the basement, first and second floors
Buyer to fund and perform improvements to condo separation and common areas
Property Facts
| Sale Conditions | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 76,126 SF |
| Status | Active | Total Land Area | 4.30 AC |
| Number of Properties | 2 |
| Sale Conditions | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 76,126 SF |
| Total Land Area | 4.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2001 Broadway, Santa Monica, CA 90404 | Flex | 76,126 SF | - | - |
| 2001 Broadway, Santa Monica, CA 90404 | Land | 2.15 AC | - | - |
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Matthew Hargrove -
Sean Dodd -
CBRE
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Santa Monica Development Opportunity
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