1925 Broadway

Executive Summary

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.

The Property benefits from SB 330 vesting rights, streamlining the entitlement process for an 8-story project with a minimum of 193 units. An existing settlement agreement further expedites the Administrative Approval, offering a clear path to development.

Santa Monica is a highly desirable market with a population of over 87,000 and a median household income of nearly $109,000. The property at 1925 Broadway offers residents a prime location, nestled in a neighborhood just a 10-minute bike ride from Downtown Santa Monica, the Pier, and surrounding beaches, while remaining removed from the congestion of the tourist areas. The city boasts numerous boutiques, trendy restaurants, and vibrant nightlife, making it the hottest location in Los Angeles, with an attractive mix of entertainment, shopping, and dining.