Skip To Content

    1165 N Stanford St

    Santa Monica, CA 90403
    • $2,856,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 21-740184
    UPDATED: 65 min ago
    $2,856,000
    • 6
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,524
      SQFT
    • $1,132
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:
    Area:

    Description

    Attention developers! 1165 N Stanford, a high profile Condo / Small Lot Ordinance development opportunity where units "may be" delivered vacant at COE. The site is zoned SMR2, Located in 90403, one of the best school zip codes in all of the US with a very strong demand for housing and new construction condos Seller believes it maybe possible to build up to 5 condos side by side each or possibly 10 units multifamily rental units. Many convenient transit options and a couple miles from major freeways. With a Walk Score of 90 to an abundance of local amenities. Currently front Villa left vacant for buyer eventual occupancy with supplemental income from 4 legal units rental. Middle property a small building of 2 singles each w their own rear entrance. Rear has two 1 bed appartements over 4 single garages. Perfect for a 1031 exchange. Buyer to Verify with city since guidelines.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T13:43:07.35. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/117732725
    Print Image

    1165 N Stanford St Santa Monica, CA 90403

    • Price: $2,856,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 21-740184
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    2,524
    SQFT
    $1,132
    $/SQFT
    1939
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    School District:
    Santa Monica-Malibu Unified School District
    Property Description
    Attention developers! 1165 N Stanford, a high profile Condo / Small Lot Ordinance development opportunity where units "may be" delivered vacant at COE. The site is zoned SMR2, Located in 90403, one of the best school zip codes in all of the US with a very strong demand for housing and new construction condos Seller believes it maybe possible to build up to 5 condos side by side each or possibly 10 units multifamily rental units. Many convenient transit options and a couple miles from major freeways. With a Walk Score of 90 to an abundance of local amenities. Currently front Villa left vacant for buyer eventual occupancy with supplemental income from 4 legal units rental. Middle property a small building of 2 singles each w their own rear entrance. Rear has two 1 bed appartements over 4 single garages. Perfect for a 1031 exchange. Buyer to Verify with city since guidelines.
    Exterior Features

    Direction Faces West Entry Location Other Exterior Construction Hard Coat Garage Structures Total 3 Levels Two Lot Description Landscaped Lot Location City Lot Size Area 8513 Other Structures Accessory Dwelling Unit Parking Garage AssignedAuto Driveway GateAttachedDetachedDriveway - ConcreteGarage - 4+ CarGarage Is Detached Patio Features EnclosedBrickPorch - Rear Paved YN Yes Pool Description None Pool YN No Roof Composition Spa None Spa YN No Sprinklers Sprinkler System Style California Bungalow Total Parking 9 View Description Mountains View YN Yes

    Interior Features

    Bathroom Features Shower And TubRemodeled Baths Total 5.00 Common Walls Attached Cooking Appliances Built-In ElectricBuilt-In GasOvenGas/Electric RangeCooktop - GasCooktop - Electric Cooling Air Conditioning Den No Dining Room Yes Equipment CableDishwasherMicrowaveCeiling FanAttic FanWasherDryerStackable W/D Hookup Family Room No Fireplace Rooms Living Room Flooring LaminateMixedCeramic Tile Foundation Details Raised Heating BaseboardWall GasCentral Interior Features FurnishedCommon Walls2 Staircases Kitchen Features Granite CountersRemodeledStone Counters Laundry Laundry Closet Stacked Rooms CabanaDining RoomDining AreaLiving RoomBreakfast Water Heater Features GasMulti-Tank

    Property Features

    Alley YN No Assessed Total Value 1279125 Association Pet Rules Pets Permitted Gross Income 143000 Gross Operating Income 150000 Inclusions Fully Furnished Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Net Operating Income 116000.00 Number Of Buildings 3 Number Of Units 5 Owner Pays ElectricityGardenerWaterGas Property Condition Value Mainly In LandUpdated/RemodeledRepair Cosmetic Sale Type Standard Security Features GatedCarbon Monoxide Detector(S)Exterior Security LightsFire And Smoke Detection SystemSmoke Detector Sewer In Connected And Paid Source Living Area Vendor Enhanced Source Lot Size Area Owner Source Lot Size Dimensions Assessor Tax Total 16064.00 Tenant Pays ElectricityGas Total Annual Expense 28400 TVServices Cable Tv Type Of Units HouseUnits Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Marc Krief DRE#01265562 of Virtual Real Estate Co..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T13:43:07.35. 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. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-740184-10.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-740184-10.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-740184-10.jpg
    Logo
    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270