1420 20Th StSanta Monica, CA 90404

This exceptional Santa Monica property offers a fully entitled development opportunity for a luxury eight-story building. The 15,004 square foot lot, zoned SMR2, is approved for 50 multifamily units and 40 hotel keys, along with ground floor retail, a rooftop pool and deck, community rooms, and two levels of subterranean parking. The project's potential is further enhanced by the possibility of adding 35 more apartment units. Located at 1420 20th Street, this site boasts a prime location near the beach, the Third Street Promenade, and the Expo Line's 17th Street/Santa Monica College Station, providing convenient access to downtown Los Angeles. The property benefits from strong market fundamentals in a vibrant community with a thriving hospitality and multifamily market, surrounded by high-end shopping and dining. APN: 4275-009-004, 4275-009-005. This is a rare chance to develop a high-end project in one of the world's most desirable locations.