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- LoopNet Team
2701 Pennsylvania Ave
Santa Monica, CA 90404
Land For Sale · 0.90 AC
Investment Highlights
- Ideal mixed-use development site
- Surrounded by numerous Class A office projects that house some of the world's preeminent companies
- Close proximity to a variety of dining amenities
- Proximity to the Metro Expo Line could result in modified parking requirements for a housing development at this site
- Nearby employers include Redbull, Honest, GoodRx, Lionsgate, amazon studios, Oracle, & CBS Television Distribution
- Easy access to Olympic Boulevard and Santa Monica Freeway
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 0.90 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.90 AC |
Description
2701 Pennsylvania Ave is a rare development site in the City of Santa Monica’s Bergamot Area Plan Transit Village. The site is surrounded by numerous Class A office projects that house some of the world’s preeminent companies as well as unmatched amenities, making this one of the most desired development markets in the world. With the 26th St/Bergamot light rail Metro line approximately a quarter mile away, the property benefits from California Assembly Bill 2097, which significantly modifies parking requirements for housing developments. This, coupled with the added benefits included for housing developments in in the Bergamot Area Plan, makes this an ideal mixed-use development site in one of the world’s top residential markets.
PROPERTY TAXES
| Parcel Number | 4268-001-038 | Improvements Assessment | $0 |
| Land Assessment | $609,336 | Total Assessment | $609,336 |
PROPERTY TAXES
zoning
| Zoning Code | SMLMSD (Bergamot Area Plan) |
| SMLMSD (Bergamot Area Plan) |
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