Santa Monica Development
For Sale
Contact for pricing
1637-1651 Stanford St, Santa Monica, CA 90404
Four contiguous parcels for development near Bergamot light rail.
Property SizeContact for details
Lot Size0.53 Acres
Days on Market908
Property Features for 1637-1651 Stanford St
General Information
Standard status
Active
Lot size
0.53 Acres
Property subtype
Land
Zoning
Bergamot Plan Conservation: Creative Sector
Listing Agency:
Lyon Stahl Investment Real Estate
(424) 226-9449
Listed By:
Nico Rosmarin · License #02023847
Source:
Crexi
Added: Feb 14, 2024
Changed: Aug 8
Last Checked: Aug 8 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
The property at 1637-1651 Stanford Street comprises four contiguous parcels with vacant single-family homes, totaling 23,134 square feet of land. The sites are located within the Conservation Creative Sector of the Bergamot Plan, which allows for market-rate multifamily housing projects up to 55 feet in height with a Floor Area Ratio (FAR) of 2.5. Developments with 100% affordable housing can reach a maximum height of 65 feet with a FAR of 3. The location is within a half mile of the 26th Street/Bergamot light rail Metro line, potentially allowing developers to reduce parking requirements for housing projects under California Assembly Bill 2097. Furthermore, California Assembly Bill 1287 enables developers to increase density by 100% by allocating 15% of units to very low-income residents and 15% to moderate-income residents.
Key Highlights
- Development potential with favorable zoning, allowing for multifamily housing up to 55 ft (market‑rate) or 65 ft (100% affordable).
- High‑density development opportunity with California Assembly Bill 1287.
- Reduced parking requirements due to proximity to the 26th Street/Bergamot Metro line.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,945
Businesses Nearby
Explore this area
Business Placement
Demographics for 90404, CA
21,995
Population
11,499
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
10,998
Density / Sq Mi
$85,081
Median Household Income
$66,349
Median Earnings
$2,095
Median Rent
$1,159,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Four contiguous parcels for development near Bergamot light rail.
Where is this residential land & home lot located?
The property is located at 1637-1651 Stanford St Santa Monica, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Development potential with favorable zoning, allowing for multifamily housing up to 55 ft (market‑rate) or 65 ft (100% affordable).; High‑density development opportunity with California Assembly Bill 1287.; Reduced parking requirements due to proximity to the 26th Street/Bergamot Metro line.
