We are pleased to present 1637-1651 Stanford Street, a multifamily development opportunity in Bergamot neighborhood of Santa Monica. The Bergamot Neighbor of Santa Monica is one of the most desirable development markets in the country with many world-renowned companies calling the neighborhood home. 1637-1651 Stanford Street is located blocks away from some of the nation’s most prestigious companies which include Amazon Studios, Oracle, Red Bull, GoodRX, CBS Television and Lionsgate. 1637-1651 Stanford Street consists of four contiguous parcels on a total of 23,134 SF of land. The sites are all located within the Conservation Creative Sector of the Bergamot Plan. For Housing Projects located within the Conservation Creative Sector, the plan allows for market-rate multifamily to reach a height of 55 ft with a FAR of 2.5 while 100% affordable housing developments are allowed a maximum height of 65 ft with a FAR of 3. The sites are located within a half mile of the 26th Street/Bergamot light rail Metro line giving developers the ability to use California Assembly Bill 2097 to significantly reduce the parking requirements for housing projects. In addition, by utilizing the newly passed bill, California Assembly Bill 1287, a developer can increase the density by 100% by allocating 15% of the units to very low income, and 15% of the units to moderate income.
Property Details
Property Features
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (303) 819-5225
Listing Agent: Nico Rosmarin
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.53 Acres
Other
Directions Information:
Directions: Cross Streets are Stanford and Colorado
Price Information
Listing Price Info
Price Summary:
List Price: $7,950,000
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Housing Market Comparison
See how this home compares to others in Santa Monica, CA.
This property is $6.0M more than the Median Sold Price in Santa Monica, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24031693
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (303) 819-5225
Listing Agent: Nico Rosmarin
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Edison Language Academy
2402 Virginia Ave
Distance between this listing and this school0.63 miles
Public District Grades PK-5
7
/10
McKinley Elementary School
2401 Santa Monica Blvd
Distance between this listing and this school0.64 miles
Public District Grades KG-5
6
/10
Brockton Avenue Elementary
1309 Armacost Ave
Distance between this listing and this school0.77 miles
Public District Grades KG-5
Nearby Schools
7
/10
Citizens of the World Charter School Mar Vista
11561 Gateway Blvd
Distance between this listing and this school1.34 miles
Public Charter Grades KG-7
8
/10
Lincoln Middle School
1501 CA Ave
Distance between this listing and this school1.40 miles
Public District Grades 6-8
7
/10
John Adams Middle School
2425 16th St
Distance between this listing and this school1.40 miles
Public District Grades 6-8
Nearby Schools
7
/10
New West Charter
1905 Armacost Ave
Distance between this listing and this school0.62 miles
Public Charter Grades 6-12
6
/10
University High School Charter
11800 Texas Ave
Distance between this listing and this school0.89 miles
Public Charter Grades 9-12
6
/10
Magnolia Science Academy 4
11330 Graham Pl # B-9
Distance between this listing and this school1.80 miles
The neighbors living near this home have an average income of $82,813. Residents of Santa Monica, CA typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1637 Stanford
What is the listing price of this property?
The listing price of 1637 Stanford property is $7,950,000.
What type of property is this?
The property 1637 Stanford is land located in Santa Monica, California, 90404.
Is this property for sale now?
Active Listing: 1637 Stanford is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 1637 Stanford in Santa Monica, CA and zip code 90404 in the Pico neighborhood. This home sits on a 0.53 acre lot. It has been listed on Rocket Homes since February 14, 2024 and is currently priced at $7,950,000.
While more than 12 listings in Santa Monica, CA in November 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 24 were sold below. In November 2024 in Santa Monica, CA there were 4.4% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $1,898,147, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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