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1447 18th St
Santa Monica, CA 90404
Land For Sale
·
0.17 AC
Investment Highlights
- Zoning provides flexibility for residential, live/work, and professional uses.
- Located near the 10 Freeway, ensuring efficient regional connectivity.
- Paved lot simplifies site preparation for future construction.
- Currently leased through November 2023, providing interim cash flow.
- Surrounded by active residential developments, supporting strong demand.
Executive Summary
This ±7,500 SF vacant lot offers a compelling development opportunity in the heart of Santa Monica. Situated at 1447 18th Street in a vibrant and highly desirable area, the property benefits from close proximity to major employment hubs, retail corridors, and cultural destinations. Located just off the 10 Freeway at 20th Street, this site offers streamlined connectivity to Greater Los Angeles and beyond, ideal for developers and investors seeking superior accessibility.
The lot is zoned MUBL (Mixed-Use Boulevard), allowing diverse uses including residential, residential care facilities, live/work arrangements, and business/professional services. The property is currently a paved lot leased at $5,500 per month until November 2023, offering near-term income while entitlements and planning are pursued. Major residential density surrounds the site, with 11 new units under construction next door, reinforcing the area’s strong housing demand. This location’s blend of walkability, freeway access, and proximity to coastal amenities positions it as a prime setting for a wide range of uses, creating long-term value for developers focused on urban infill projects in Santa Monica.
The lot is zoned MUBL (Mixed-Use Boulevard), allowing diverse uses including residential, residential care facilities, live/work arrangements, and business/professional services. The property is currently a paved lot leased at $5,500 per month until November 2023, offering near-term income while entitlements and planning are pursued. Major residential density surrounds the site, with 11 new units under construction next door, reinforcing the area’s strong housing demand. This location’s blend of walkability, freeway access, and proximity to coastal amenities positions it as a prime setting for a wide range of uses, creating long-term value for developers focused on urban infill projects in Santa Monica.
Property Facts
1 Lot Available
Lot
| Price | $4,584,775 CAD | Lot Size | 0.17 AC |
| Price Per AC | $26,969,264.01 CAD |
| Price | $4,584,775 CAD |
| Price Per AC | $26,969,264.01 CAD |
| Lot Size | 0.17 AC |
Description
The property at 1447 18th Street in Santa Monica consists of a paved ±7,500 SF vacant lot with MUBL zoning. It is positioned near the 10 Freeway with access via 20th Street. The location is within an active residential neighborhood, with new housing projects in the immediate area. Surrounding land uses include multifamily residential and commercial services.
Property Taxes
| Parcel Number | 4275-010-014 | Improvements Assessment | $0 CAD |
| Land Assessment | $5,056,742 CAD | Total Assessment | $5,056,742 CAD |
Property Taxes
Parcel Number
4275-010-014
Land Assessment
$5,056,742 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,056,742 CAD
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