JLL, as exclusive advisor, is pleased to present the opportunity to acquire 1925 Broadway (the “Site”), a ±0.69-acre Site located in the City of Santa Monica. With increasingly strong demand for housing in Santa Monica, the Property offers investors a rare development opportunity for multifamily use.
On July 25, 2023, the Santa Monica City Council passed an ordinance that gave enhanced development benefits to the Site such as: expedited entitlement, a 10% offsite affordable option, and CEQA exemption.
The City of Santa Monica is a highly desirable market with a population of over 93,000 residents and a median household income of nearly $100,000. Nestled within this iconic city, the Site is a walker’s dream with easily accessible amenities. The city offers countless boutiques, trendy restaurants, and vibrant nightlife options. With its enticing blend of entertainment, shopping, and dining, Santa Monica remains the hottest location in Los Angeles.