1518 Euclid Street,Santa Monica,Los Angeles,Land

Property Description

A (RTI) development site, presenting a rare opportunity to develop a Mixed-Use property with 10 Large Luxury One-Bedroom One-Bathroom Units as well as 1,600 square feet of Ground Floor Retail/Office space. This property presents a pristine canvas for development with the ability to avoid the entitlement process by pursuing existing plans or Investors ca view the land through their own creative lens and develop a trophy asset in Mid City Santa Monica. Project Description-RTI-ready to issue permits to build a Three Story mixed-use project. The ground level designated for 1,600 Square Feet of Retail/Office space and the 2nd and 3rd floors containing10 residential units. Lastly the current plans provide Subterranean Parking with a total of 20 parking spaces. Existing plans will be provided upon request. Zoned as Mixed-Use Boulevard Low (MUBL) – This Zoning District is intended to facilitate the transformation of sections of boulevards into vibrant, highly walkable areas with broad, pedestrian-friendly sidewalks, trees, landscaping, and local-serving uses with new buildings that step down in relationship to the scale and character of adjacent low-density neighborhoods. Allowable ground floor uses include active, local-serving retail, open spaces such as plazas, service-oriented commercial uses, residential, and hotel uses in limited areas. Residential development for all income levels is the predominant use above the first floor. Don’t miss out on this exceptional opportunity to make your mark on Santa Monica’s real estate landscape.