1432 17th St, Santa Monica, CA 90404

Property Description

We are pleased to present 1432 17th Street, a prime7,500 SF parcel located in the heart of Santa Monica, CA. The property is fully entitled for a six-unit, townhouse-style multi-family residential condominium development, designed with a contemporary aesthetic and private rooftop decks for each unit. The proposed project will comprise five market-rate units and one designated affordable unit, reserved for a lower-income house hold in accordance with the City of Santa Monica's inclusionary housing program. Each unit is thoughtfully designed as a 2-bedroom + loft layout, with floor plans ranging from 1,310 to 1,394 SF. The total residential floor area is approximately 8,207 SF.A semi-subterranean parking garage will provide 12 parking spaces, inclusive of compact, handicapped, and guest parking, as well as bicycle storage (12 long-term and 2 short-term spaces). The development will also deliver over 2,260 SF of landscaped open space, exceeding the City's 30% requirement, and private roof decks totaling 1,138 SF. The existing one-story, single-family home on the parcel constructed in 1959 and not listed on the City of Santa Monica's Historic Resources Inventory will be demolished to make way for this new project. Project #20BLD-4380 is currently in building plan check with the City of Santa Monica. The project was entitled and approved by City of Santa Monica Planning as a new two-story condominium building with mezzanine, rooftop, and semi-subterranean parking garage for six residential units.