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1543-1557 7th street - 7th & Colorado - 0.5-Acre MF Development Land 0.51 Acres of Residential Land Offered at $12,000,000 in Santa Monica, CA 90401
EXECUTIVE SUMMARY
Newmark, as exclusive advisor, is pleased to
present the opportunity to acquire the 100%
fee-simple interest in 7th & Colorado (“the
Property”), located in Santa Monica, California.
A truly generational asset, 7th & Colorado is
an exceedingly rare opportunity to acquire
a world class multi-family development
site in an irreplaceable coastal location.
Additionally, re-development of 7th &
Colorado is achieved through ministerial
and non-discretionary application process which allows for a base density of 113 units up to 226 units with a density bonus.
The Property consists of 0.51 acres in the
prime Downtown Santa Monica submarket,
one of Southern California’s strongest and
most desirable multifamily markets.
7th & Colorado benefi ts greatly from being
just blocks from the ocean and it’s proximity
to some of Los Angeles’ most exclusive
residential neighborhoods, as well as
immediate transportation access via the
Santa Monica (10) Freeway, major surface
thoroughfares, and the MTA Expo Line light rail
station at 4th & Colorado.
present the opportunity to acquire the 100%
fee-simple interest in 7th & Colorado (“the
Property”), located in Santa Monica, California.
A truly generational asset, 7th & Colorado is
an exceedingly rare opportunity to acquire
a world class multi-family development
site in an irreplaceable coastal location.
Additionally, re-development of 7th &
Colorado is achieved through ministerial
and non-discretionary application process which allows for a base density of 113 units up to 226 units with a density bonus.
The Property consists of 0.51 acres in the
prime Downtown Santa Monica submarket,
one of Southern California’s strongest and
most desirable multifamily markets.
7th & Colorado benefi ts greatly from being
just blocks from the ocean and it’s proximity
to some of Los Angeles’ most exclusive
residential neighborhoods, as well as
immediate transportation access via the
Santa Monica (10) Freeway, major surface
thoroughfares, and the MTA Expo Line light rail
station at 4th & Colorado.
PROPERTY FACTS Under Contract
1 LOT AVAILABLE
Lot
| Price | $12,000,000 | Lot Size | 0.51 AC |
| Price Per AC | $23,529,411.76 |
| Price | $12,000,000 |
| Price Per AC | $23,529,411.76 |
| Lot Size | 0.51 AC |
The subject property is located at 1543–1559 7th Street in the heart of Downtown Santa Monica. The site consists of contiguous parcels totaling 0.51 acres and is currently improved with a 100% vacant, four-story, 14,612 SF creative office building
DESCRIPTION
Former creative office building - 15k sf - 100% vacant
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,505,243 | |
| Land Assessment | $12,684,707 | Total Assessment | $17,189,950 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$12,684,707
Improvements Assessment
$4,505,243
Total Assessment
$17,189,950
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1543-1557 7th street - 7th & Colorado - 0.5-Acre MF Development Land
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