JLL, as exclusive advisor, is pleased to present the opportunity to acquire 1543-1557 7th St (the “Site”), a ±0.51-acre Site located in the City of Santa Monica. The site is a rare development opportunity for housing in Santa Monica, which continues to have an increasingly strong demand in the city. On July 25, 2023, the Santa Monica City Council passed an ordinance that gave enhanced development benefits to the Site such as an 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 dollars. Nestled within this iconic city, the Site is a walker’s dream with easily accessible amenities. The city offers countless boutique shops, trendy restaurants, and vibrant nightlife options. With its enticing blend of entertainment, shopping, and dining, Santa Monica remains one of the hottest locations in Los Angeles.