1434 14th St, Santa Monica, CA 90404
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1434 14th St, Santa Monica, CA 90404
1434 14th St, Santa Monica, CA 90404
1434 14th St, Santa Monica, CA 90404
1434 14th St, Santa Monica, CA 90404
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$ 3,295,000
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1434 14th St Santa Monica, CA 90404

3 Beds

2 Baths

1,536 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,536 sqft

Price per Sqft $2,145

MLS Listing ID 26841783

Style California Bungalow

Bedrooms 3

Construction Status Value Mainly In Land

Year Built 1925

Lot Size 7,502 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

A rare chance to acquire a fully entitled, ready-to-issue development site in the heart of Santa Monica, no entitlement risk, no waiting on the city, just permits and a shovel. Situated on a 7,500 square foot lot at 1434 14th Street, this RTI package delivers approved plans for a 3-story, 9-unit apartment building plus one ADU, over a full level of subterranean parking. The unit mix includes 1 three-bedroom, 3 two-bedrooms, 3 one-bedrooms, and 2 affordable two-bedroom units, a well-balanced program designed to maximize density while satisfying Santa Monica's Tier 2 Community Benefits requirements. Total building area comes in at approximately 11,444 square feet across three floors, with 10 parking spaces in the subterranean garage. The project was permitted under SMR3 zoning with a 35% density bonus, pushing the allowable unit count from 6 base units to 9. The existing improvements, a 1925 California Bungalow duplex, have been vacated and are sold as-is. The value is in the land and the entitlements. The location delivers everything Santa Monica multifamily tenants demand: walkable to several shops and restaurants, the Expo Line, Third Street Promenade, and the beach. High walk and bike scores virtually eliminate car dependency, which is exactly what the next generation of renters is underwriting. Opportunities to purchase a shovel-ready 9-unit site in Santa Monica at this price point don't come around often. Priced to reflect the land and approved entitlements.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR3*

Rooms

Other Rooms Shed(s)

Interior

Interior Features Detached/No Common Walls

Heating Central, Wall

Cooling Air Conditioning, Wall/Window, Room Refrig Air

Flooring Hardwood

Equipment Dryer, Washer, Dishwasher, Refrigerator, Range/Oven, Microwave

Laundry In Unit

Exterior

Parking Features Uncovered

Pool None

Waterfront Description None

View Y/N No

View None

Building

Lot Description Yard, Value In Land, Alley Paved, Back Yard, Curbs, Fenced, Fenced Yard, Lawn, Single Lot, Street Asphalt, Street Paved

Story 1

Architectural Style California Bungalow

Level or Stories One

Structure Type Stucco

Construction Status Value Mainly In Land

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass

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1434 14th St