Newport & Valencia Ave
Valencia Ave, Tustin, CA, 92782, US
4.45 ha
Description
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.
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Attributes
Land area gross
0.28 ha
Media
Investment Highlights
Developer Agreement:
City ordinance that allows for expedited approvals and off-site affordable options.
CEQA Exempt:
The ordinance allows the Site to be exempt from CEQA review.
Premier Location:
Superior location in proximity to St. John’s Hospital, work centers, freeways, and beaches.
Thriving Economy:
Dominant employment hub and the epicenter for jobs in Greater Los Angeles.
Exceptional Demand:
Strong renter demographics with increasingly strong demand.
Walker’s Paradise:
Amenitized and vibrant neighborhoods easily walkable or bikeable.
Contact brokers
1925 Broadway (0 Properties)
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Last updated
22 Jul 2025
