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    1447 18Th St Santa Monica, CA 90404

    Sponsored
    For Sale
    Contact for pricing

    ±7,500 SF Vacant Lot, MUBL Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional ±7,500 square foot vacant commercial lot presents a remarkable development opportunity in the vibrant Santa Monica, California market. Located at 1447 18th Street, in Los Angeles County, zip code 90404, this paved lot is currently leased at $5,500 per month until November 2023, providing immediate income potential. The property boasts a highly desirable MUBL zoning designation, allowing for a diverse range of uses including residential, residential care facilities, live/work spaces, and business/professional offices. The site's strategic location offers convenient access to the 10 Freeway at 20th Street, enhancing its appeal for both residential and commercial development. Adding to its potential, eleven units are currently under construction on the adjacent property, suggesting a strong and growing neighborhood. This prime location and flexible zoning make this ±7,500 square foot lot an ideal investment for developers seeking a high-return project in a thriving California coastal city. The property is ready for immediate development or continued lease income until November 2023. Serious inquiries are encouraged.

    Property Features for 1447 18Th St

    General Information

    Property type
    Land

    HighLights

    • Excellent development opportunity in Santa Monica.
    • Adjacent property has 11 units under construction.
    • ±7,500 SF paved lot at 1447 18th Street, Santa Monica, CA 90404.
    • Currently leased at $5,500/month through November 2023.
    • Close proximity to the 10 Freeway at 20th Street.
    • MUBL zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.4804355
    Latitude
    34.0263464

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    FAQs

    What type of property is this?
    Land - ±7,500 SF Vacant Lot, MUBL Zoning
    Where is this land located?
    The property is located at 1447 18Th St Santa Monica, CA.
    What are key features of this property?
    This property features: Excellent development opportunity in Santa Monica.; Adjacent property has 11 units under construction.; ±7,500 SF paved lot at 1447 18th Street, Santa Monica, CA 90404.
    (909) 373-2911
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    1447 18Th St Santa Monica, CA 90404
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    Santa Monica, CA 90404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1447 18Th St Santa Monica, CA 90404
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