1637 Stanford Street

Santa Monica, CA 90404

$7,950,000
Price
23,134 / 0.53
Lot Size / Acres

Description

We are pleased to present 1637-1651 Stanford Street, a multifamily development opportunity in Bergamot neighborhood of Santa Monica. The Bergamot Neighbor of Santa Monica is one of the most desirable development markets in the
country with many world-renowned companies calling the neighborhood home. 1637-1651 Stanford
Street is located blocks away from some of the nation’s most prestigious companies which include
Amazon Studios, Oracle, Red Bull, GoodRX, CBS Television and Lionsgate.
1637-1651 Stanford
...We are pleased to present 1637-1651 Stanford Street, a multifamily development opportunity in Bergamot neighborhood of Santa Monica. The Bergamot Neighbor of Santa Monica is one of the most desirable development markets in the
country with many world-renowned companies calling the neighborhood home. 1637-1651 Stanford
Street is located blocks away from some of the nation’s most prestigious companies which include
Amazon Studios, Oracle, Red Bull, GoodRX, CBS Television and Lionsgate.

1637-1651 Stanford Street consists of four contiguous parcels on a total
of 23,134 SF of land. The sites are all located within the Conservation Creative Sector of the Bergamot
Plan. For Housing Projects located within the Conservation Creative Sector, the plan allows for market-rate multifamily to reach a height of 55 ft with a FAR of 2.5 while 100% affordable housing developments are allowed a maximum height of 65 ft with a FAR of 3. The sites are located within a half mile of the 26th Street/Bergamot light rail Metro line giving developers the ability to use California Assembly Bill 2097 to significantly reduce the parking requirements for housing projects. In addition, by utilizing the newly passed bill, California Assembly Bill
1287, a developer can increase the density by 100% by allocating 15% of the units to very low income, and
15% of the units to moderate income.
  1. Listed by Nico Rosmarin • DRE #02023847 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 303-819-5225

Property Details for 1637 Stanford Street

View
None
Lot Size Source
Public Records
Assessor Parcel Number
4268-004-024
New Construction
No
Pool
No
View
No
Association
No
Association Fee
$.00
LISTING UPDATED: 10/10/2024 04:09 AM

Property Details for 1637 Stanford Street

StatusActive
MLS #SB24031693
Days on Market260
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.53 AC
CountyLos Angeles County

Building Information for 1637 Stanford Street

Lot Size0.53 AC

Property Information for 1637 Stanford Street

Income / Expense / Tax Details
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $1,156
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Exterior Features
  • View Description: None
Distance To
  • Distance To Water: .5
Land/Lot Info
  • Zoning Description: Conservation: Creative Sector
  • Additional Parcels Description: 4268004023, 4268004022, 4268004021
  • Lot Features: Lot 20000-39999 Sqft
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Water Source: Public
Parking Info
  • Carport Spaces: 0

Property History for 1637 Stanford Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1637 Stanford Street

Taxable ValueLand$2,285,000Additions$30,000Total$2,315,000
Tax Record2024$27,849 ($2,321 / month)
Home Facts
Total Finished SqFt2,414 SqFtAbove Grade Finished SqFt2,414 SqFtStories1Lot Size5,793 SqFtStyleOffice BuildingYear Built1948ZoningSMLMSD*CountyLOS ANGELESAPN4268-004-024

Schools near 1637 Stanford Street

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
McKinley Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1637 Stanford Street is a 0.53 ac of land for sale in Santa Monica, CA 90404. This property was listed for sale on February 12, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $7,950,000. This listing's school district is Santa Monica-Malibu Unified School District. Nearby schools include McKinley Elementary School, Lincoln Middle School and Santa Monica High School. 1637 Stanford Street is a 0-bed, 0-bath, 0.53 ac of land on a 23,134 sq. ft. / 0.53 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Nico Rosmarin, DRE #02023847

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.