PROPERTY INFORMATION LOCATION 24 & 26 Arcadia Terrace, Santa Monica, CA 90401 PROPERTY DESCRIPTION LOCATION DESCRIPTION LAND SIZE This is an incredible opportunity for a multi-family developer looking to build in an unparalleled location in the City of Santa Monica. The land is zoned R3/BCH. Interested parties should visit the City of Santa Monica to determine exactly what can be built on these contiguous lots. There is also a third lot (below these) that is on the market and would be an excellent addition to these two parcels. There is currently a single family home on the property that commands excellent rental income ($23,000 per month)! The location of these parcels is nothing short of amazing. Only a city owned parking lot separates this land from the sand of the Santa Monica Beach. With views of the beach and the Santa Monica Pier, as well as close proximity to the new Related Development and the Expo Line that is scheduled for completion in 2016, this location is truly second to none! Approximately 7,375 square feet. APN 4290-018-016, 429-018-017. SALES PRICE $5,999,999. COMMISSION COMMENTS 2.5% split. Prime Santa Monica development opportunity with amazing Beach Views. Amenity rich/ affluent area. Rare developable assemblage. Short term income in place (2 Years - $23,000 per month). Nearby I-10 freeway access. Across street from Related Co's "The Village at Santa Monica" and the $55 million Palisades Garden Walk and Town Square. Can be purchased along with one other parcel to bring total land size to approximately 11,814 square feet (other parcel is not included in this listing). Blocks from Expo Line. This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been secured from sources we believe to be reliable.
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DEMOGRAPHICS SUMMARY REPORT RADIUS 1 Mile 3 Mile 5 Mile Population 2015 Projection 41,234 212,148 451,547 2010 Estimate 40,267 208,730 442,757 2000 Census 37,463 198,777 414,289 Growth 2010-2015 2.40% 1.60% 2.00% Growth 2000-2010 7.50% 5.00% 6.90% 2010 Population by Hispanic Origin 7,716 39,488 91,956 2010 Population By Race 40,267 208,730 442,757 White 28,949 71.89% 148,331 71.06% 291,392 65.81% Black or African American 1,954 4.85% 7,160 3.43% 17,175 3.88% American Indian and Alaska Native 182 0.45% 1,092 0.52% 2,280 0.51% Asian 3,704 9.20% 23,836 11.42% 65,960 14.90% Native Hawaiian and Pacific Islander 39 0.10% 225 0.11% 633 0.14% Other Race 3,506 8.71% 17,447 8.36% 41,599 9.40% Two or More Races 1,933 4.80% 10,639 5.10% 23,718 5.36% Households 2015 Projection 21,671 105,727 210,002 2010 Estimate 21,193 104,510 206,738 2000 Census 19,832 100,860 196,228 Growth 2010-2015 2.30% 1.20% 1.60% Growth 2000-2010 6.90% 3.60% 5.40% Owner Occupied 4,695 22.15% 33,898 32.44% 71,739 34.70% Renter Occupied 16,499 77.85% 70,612 67.56% 134,999 65.30% 2010 Households by Household Income 21,194 104,511 206,736 Income Less Than $15,000 2,600 12.27% 10,087 9.65% 21,317 10.31% Income: $15,000 - $24,999 1,834 8.65% 7,213 6.90% 14,427 6.98% Income: $25,000 - $34,999 1,712 8.08% 7,780 7.44% 15,684 7.59% Income: $35,000 - $49,999 2,828 13.34% 13,054 12.49% 25,540 12.35% Income: $50,000 - $74,999 3,907 18.43% 19,511 18.67% 38,198 18.48% Income: $75,000 - $99,999 2,919 13.77% 14,934 14.29% 27,400 13.25% Income: $100,000 - $149,999 2,623 12.38% 14,569 13.94% 27,915 13.50% Income: $150,000 - $249,999 1,896 8.95% 11,067 10.59% 22,073 10.68% Income: $250,000 - $499,999 704 3.32% 4,814 4.61% 10,601 5.13% Income: $500,000 or more 171 0.81% 1,482 1.42% 3,581 1.73% 2010 Average Household Income $85,488 $99,493 $102,560 2010 Median Household Income $59,780 $66,809 $66,008 2010 Per Capita Income $45,931 $50,220 $48,674