1447 18Th St Santa Monica, CA 90404
- Parking lots & garages
- 7,500 SF
- 0.17 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 1447 18Th St
- Year built
- 1990
- Lot size
- 0.17 lot acres
- Property size
- 7,500 SF
- Zone code
- SMBCD*
- Property type
- Parking lots & garages
- APN
- 4275-010-015
- APU
- 4275010015
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.48
- Latitude
- 34.0264
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
