Description
We are pleased to present for sale 1518 11th Street in Santa Monica, CA. This offering represents the chance to purchase an extremely rare oversized vacant lot in prime Santa Monica with approved plans for six luxury townhouse units (one low income). There is a recorded tract map assigning separate APNs to each unit and allowing them to be sold individually. The existing structure has been demolished leaving the project ready for construction upon pulling permits. The new development features 2-bedroom/3-bathroom units that average over 1175 square feet spread across three levels. Each unit has a private rooftop deck with ocean views as well as two subterranean parking spaces.Situated just south of Broadway, 1518 11th Street is at the epicenter of Santa Monica's latest development boom. An impressive roster of new projects has sprung up along Lincoln Boulevard between Broadway and Olympic. The largest of these projects is Related California's 710 Broadway development at the corner of Lincoln and Broadway. Just three blocks west of 1518 11th, 710 Broadway will feature 280 apartments, 90,000 square feet of ground floor retail and a 30,000 square foot central park space. 1518 11th offers developers the opportunity to acquire a premier oversized vacant lot in the hottest development pocket on the Westside at an exceptional price point. While 1518 11th can be delivered as-is with approved plans, the sellers are also open to selling the project with permits ready to issue. Please contact listing agents for more details.
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0BEDS
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0.17ACRES
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present for sale 1518 11th Street in Santa Monica, CA. This offering represents the chance to purchase an extremely rare oversized vacant lot in prime Santa Monica with approved plans for six luxury townhouse units (one low income). There is a recorded tract map assigning separate APNs to each unit and allowing them to be sold individually. The existing structure has been demolished leaving the project ready for construction upon pulling permits. The new development features 2-bedroom/3-bathroom units that average over 1175 square feet spread across three levels. Each unit has a private rooftop deck with ocean views as well as two subterranean parking spaces.Situated just south of Broadway, 1518 11th Street is at the epicenter of Santa Monica's latest development boom. An impressive roster of new projects has sprung up along Lincoln Boulevard between Broadway and Olympic. The largest of these projects is Related California's 710 Broadway development at the corner of Lincoln and Broadway. Just three blocks west of 1518 11th, 710 Broadway will feature 280 apartments, 90,000 square feet of ground floor retail and a 30,000 square foot central park space. 1518 11th offers developers the opportunity to acquire a premier oversized vacant lot in the hottest development pocket on the Westside at an exceptional price point. While 1518 11th can be delivered as-is with approved plans, the sellers are also open to selling the project with permits ready to issue. Please contact listing agents for more details.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-30T00:29:15.05. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.