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817 16th St 0.17 Acres of Residential Land Offered at $3,750,000 in Santa Monica, CA 90403
Investment Highlights
- Fully entitled for six market-rate residences plus two affordable units.
- Located south of Montana Avenue in a highly desirable Santa Monica neighborhood.
- Contemporary architectural design concept tailored to Westside buyer expectations.
- Includes subterranean parking for ten vehicles and an approved subdivision tract map.
- Entitlement and Planning Commission approvals completed for expedited development.
- Close proximity to retail, dining, and lifestyle amenities along Montana Avenue.
Executive Summary
Located just off Montana Avenue in one of Santa Monica's most desirable and supply-constrained residential corridors, 817 16th Street presents a rare
opportunity to acquire a fully entitled boutique, architectural townhouse-style condominium project in a high-demand neighborhood. The project is comprised of six marketrate residences plus two affordable units, over subterranean parking for ten vehicles and a formally approved subdivision tract map. Designed by Breakform Design, the
plans reflect a refined, contemporary architectural vision aligned with the expectations of today's luxury Westside buyer. With Planning Commission approvals secured and
the property removed from the rental market via the Ellis Act, a developer can step in and pivot directly into construction documents and plan check. A substantial portion of
the entitlement timeline has been completed, creating a streamlined path to market and a compelling opportunity to capitalize on strong end-user demand in a premier
Montana-adjacent location
opportunity to acquire a fully entitled boutique, architectural townhouse-style condominium project in a high-demand neighborhood. The project is comprised of six marketrate residences plus two affordable units, over subterranean parking for ten vehicles and a formally approved subdivision tract map. Designed by Breakform Design, the
plans reflect a refined, contemporary architectural vision aligned with the expectations of today's luxury Westside buyer. With Planning Commission approvals secured and
the property removed from the rental market via the Ellis Act, a developer can step in and pivot directly into construction documents and plan check. A substantial portion of
the entitlement timeline has been completed, creating a streamlined path to market and a compelling opportunity to capitalize on strong end-user demand in a premier
Montana-adjacent location
Property Facts
| Price | $3,750,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Zoning | SMR2* - Restricted Light Industrial | ||
| Price | $3,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.17 AC |
| Zoning | SMR2* - Restricted Light Industrial |
1 Lot Available
Lot
| Price | $3,750,000 | Lot Size | 0.17 AC |
| Price Per AC | $22,023,327.11 |
| Price | $3,750,000 |
| Price Per AC | $22,023,327.11 |
| Lot Size | 0.17 AC |
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4281-001-021 | Improvements Assessment | $20,808 |
| Land Assessment | $2,861,100 | Total Assessment | $2,881,908 |
Property Taxes
Parcel Number
4281-001-021
Land Assessment
$2,861,100
Improvements Assessment
$20,808
Total Assessment
$2,881,908
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817 16th St
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