Property Detail

Description

RARE DEVELOPMENT OPPORTUNITY IN SANTA MONICA! An exceptional opportunity to acquire two adjacent residential properties totaling approximately 13,000 square feet of land in one of Southern Californias most desirable coastal communities. Located at 3101 and 3109 Virginia Avenue, these properties are being offered together, creating an exciting opportunity for developers, builders, investors, and buyers looking to capitalize on Santa Monicas evolving housing landscape. DEVELOPMENT POTENTIAL! Both parcels are located within a designated SB 79 Tier 2 Transit-Oriented Development (TOD) Zone, approximately half a mile from qualifying transit. Preliminary mapping indicates the properties may be outside Santa Monicas temporary SB 79 exclusion area, presenting an opportunity to explore higher-density residential development, subject to city verification and approval. With approximately 12,988 square feet of combined land, the possibilities are worth exploring! Potential development concepts may include multifamily residences, townhomes, condominium units, or other residential configurations permitted under applicable state and local regulations. For those looking to preserve the existing residences, the properties also offer the opportunity to own two homes in an established Santa Monica neighborhood near beaches, shopping, dining, parks, and entertainment. TWO PARCELS. ONE OWNER. EXCEPTIONAL POTENTIAL. Opportunities to acquire neighboring properties with this much combined land in Santa Monica are uncommon. Whether youre a developer exploring your next residential project or an inv