2002 21st St - Residential LAND FOR SALE


Santa Monica, CA 90404 28,998 SF
$9,500,000 USD
310-658-3375
2002 21st St, Santa Monica, CA for Sale
$9,500,000 USD
Residential LAND - FOR SALE
1/6
28,998 SF

2002 21st St
Santa Monica, CA 90404


HIGHLIGHTS

  • 100% Market-rate Units - No Affordable Units
  • Seller Financing Possibility
  • Generous Common Courtyard / 16 Units with Roof Deck Views
  • Townhome Units Directly Connected to Double Parking for each unit

OVERVIEW

Kidder Mathews is the exclusive agent to market a shovel ready 19 Townhome style units, with no affordable units. 100% market-rate condominium project, with a tract map with the potential to sell off the whole project or individual townhome. On the other hand, a Developer could lease up the units and stabilize the asset upon its completion. Seller will entertain creative options such as Seller Financing or acquiring a unit or two upon its completion to make the overall economics more enticing and favorable to a Developer. The site is almost 29,000 square feet and features a rear alley, enhancing the project's ingress/egress to the one level subterranean parking. 16 of the townhomes have roof decks and the other 3 townhomes feature additional mezzanine space. All permit fees have been paid by seller and developer could break ground immediately upon the close of escrow. Each townhome offers spacious two-bedroom, two-and-a-half-bath townhomes and each with private subterranean garages. Additionally, there is a lot of open space to this project featuring a unique common area courtyard, which differentiates itself from other projects in Santa Monica.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/ACRE

$14,269,655/AC

PRICE/SF

$328 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Shovel-Ready, 19 Townhome Mkt Rate Project

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo

LAND ACRES

0.67 AC

LAND SF

29,000 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

SM R2*

APN/PARCEL ID

4274-026-026

ASK ABOUT THIS PROPERTY

Jay MartinezKidder MathewsMore Info
310-658-3375

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Jay MartinezKidder MathewsMore Info
310-658-3375

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.