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1513 17th St - MUBL (Previously C4 Zoned) Acreage 0.17 Acres of Commercial Land Offered at $2,100,000 in Santa Monica, CA 90404
Investment Highlights
- ±7,500 SF Lot - MUBL (Mixed-Use Boulevard Low) zoning
- ±24,365 SF theoretical maximum floor area
- Approximately 0.1 mile from the Metro E Line 17th Street/SMC Station
- Up to 3.25 FAR for housing
- Up to 70 FT building height - Potential six-story residential development
- Existing 4 units - Month-to-month tenants
Executive Summary
1513 17th Street presents a compelling multifamily development opportunity in the heart of Santa Monica, just blocks from major employment, retail, dining, and transit amenities. The property consists of an approximately 7,497-square-foot lot zoned MUBL (Mixed-Use Boulevard Low), providing a favorable framework for residential redevelopment in one of Southern California’s most supply-constrained coastal markets.
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Current zoning allows housing projects up to a 3.25 FAR and 70 feet in height, translating to approximately 24,365 square feet of potential floor area and the potential for a six-story residential development, subject to architectural design, applicable development standards, affordability requirements, and City approval.
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Located in close proximity to the Metro E Line’s 17th Street/SMC Station, the property offers exceptional regional connectivity and benefits from transit-oriented development policies, including reduced parking requirements that may enhance project feasibility. The site is also minutes from Downtown Santa Monica, Santa Monica College, Silicon Beach employment centers, and the city’s extensive collection of restaurants, shopping, entertainment, and recreational amenities.
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With strong underlying land fundamentals, favorable residential zoning, excellent transit access, and significant barriers to new development throughout Santa Monica, 1513 17th Street represents a rare opportunity for developers and investors seeking to create new housing in a premier Westside location. Buyer to verify and do their own due diligence.
.
Current zoning allows housing projects up to a 3.25 FAR and 70 feet in height, translating to approximately 24,365 square feet of potential floor area and the potential for a six-story residential development, subject to architectural design, applicable development standards, affordability requirements, and City approval.
.
Located in close proximity to the Metro E Line’s 17th Street/SMC Station, the property offers exceptional regional connectivity and benefits from transit-oriented development policies, including reduced parking requirements that may enhance project feasibility. The site is also minutes from Downtown Santa Monica, Santa Monica College, Silicon Beach employment centers, and the city’s extensive collection of restaurants, shopping, entertainment, and recreational amenities.
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With strong underlying land fundamentals, favorable residential zoning, excellent transit access, and significant barriers to new development throughout Santa Monica, 1513 17th Street represents a rare opportunity for developers and investors seeking to create new housing in a premier Westside location. Buyer to verify and do their own due diligence.
Property Facts
| Price | $2,100,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | 1031 Exchange | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Zoning | MUBL - The change from C4 to MUBL was part of a broader Santa Monica zoning overhaul, not a special rezoning of 1513 17th St. | ||
| Price | $2,100,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.17 AC |
| Zoning | MUBL - The change from C4 to MUBL was part of a broader Santa Monica zoning overhaul, not a special rezoning of 1513 17th St. |
1 Lot Available
Lot
| Price | $2,100,000 | Lot Size | 0.17 AC |
| Price Per AC | $12,202,208.02 |
| Price | $2,100,000 |
| Price Per AC | $12,202,208.02 |
| Lot Size | 0.17 AC |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4275-012-023 | Improvements Assessment | $401,928 |
| Land Assessment | $1,607,742 | Total Assessment | $2,009,670 |
Property Taxes
Parcel Number
4275-012-023
Land Assessment
$1,607,742
Improvements Assessment
$401,928
Total Assessment
$2,009,670
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1513 17th St - MUBL (Previously C4 Zoned) Acreage