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Description
A Santa Monica Developer's Dream! Delivered with 10 Units Vacant. Spanning over a massive 20,782 sq.ft. lot, the property consists of 2 side by side buildings, featuring fourteen, one bedroom one bath units and two two-bedroom units all with hardwood floors. Parking is located at the rear of the property. This investment is an excellent opportunity for renovation of the existing apartments or redevelop with mixed-use zoning, which permits from FAR 1.25 for base standard up to FAR 2.0 for 100% affordable housing projects. Buyer's to do their own due diligence with City of Santa Monica as to permitted construction. Located a short distance to Santa Monica's premier shopping areas and host of high end boutiques, UCLA Medical Center, Bergamot Station Art Gallery & Cultural Center, Colorado Center Urban Creative Office, Santa Monica Water Garden, and home to Third Street Promenade, Santa Monica Place and Santa Monica Beach/Pier!
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