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This page contains confidential information prepared exclusively for prospective lenders and investors of 5th Street Ventures. Please enter the access code provided to you to continue.
Confidential
This page contains confidential information prepared exclusively for prospective lenders and investors of 5th Street Ventures. Please enter the access code provided to you to continue.
Santa Monica, California
5th Street Ventures is creating new for-sale and rental communities inside Santa Monica’s most desirable single-family neighborhoods — new construction homes priced below what these blocks have offered in 50 years.
5th Street Ventures is creating new communities inside Santa Monica’s single-family neighborhoods. Recent state upzoning allows densification on lots where adjacent new-construction homes start at $4M — in neighborhoods that have seen almost no new housing inventory built in the last fifty years, a scarcity that has only intensified since the Palisades fire.
This portfolio is the opportunity to build the housing people have always wanted to live in — where they have always wanted to live.
“We believe there is tremendous unmet demand to live in these neighborhoods. Our communities will offer consumers a lower price point in a home designed for how we want to live.”Stephen Anderson
Today’s housing shortage is decades in the making — and California carries the largest deficit in the country.
The California Starter Home Act (SB 1123), effective July 1, 2025, builds on SB 684 (2022) and works alongside SB 79 and SB 9 to streamline small-lot subdivision on underutilized single-family (R1) parcels — ministerial approval, no CEQA review, and a 60-day agency response requirement or automatic approval. Up to 10 units may be built on a qualifying subdivided lot.
SB 1123 introduced by Senator Anna Caballero
Reviewed in committee, amended and passed through the CA legislature
Signed into law by Governor Gavin Newsom
SB 1123 becomes effective statewide
20+ years developing Class A multifamily assets across Santa Monica, Southern California and the Western U.S.
Irreplaceable locations — ocean views, walkability to jobs, schools and the best of the California lifestyle — delivered at a lower price entry point than existing homes on the same block.
A track record working with every member of Santa Monica’s recently elected City Council and City staff.
Stanford and Delaware I are slated to break ground Q4 2026; Delaware II, Delaware III and 26th Street follow in Q2 2027. Ashland is currently under construction.
Top-rated schools, high walkability, job proximity
New single-family residences priced below the surrounding market
Reduced long-term costs and increased buyer appeal
Broader pool of first-time and move-up homebuyers
7 lots across Santa Monica and West LA’s most desirable R-1 neighborhoods, where large eligible parcels almost never trade.
The largest vacant lot in the Wilshire-Montana zip code.
Home Features
A 12,000+ SF double lot on the most desirable street in Santa Monica with Pacific Ocean views from grade. The asset has exit optionality as 10 luxury attached single-family rentals (BTR) or as for-sale homes.
Ashland sits in a single-family neighborhood with the adjacent home valued at $6M+. These homes lower the price entry point for luxury ocean-view housing in Santa Monica.
Home Features
Walkable to 1,000s of knowledge economy jobs — Amazon, Oracle, Riot Games, Gilead, Goop, Hulu, Roku, GoodRx, Lionsgate, the USC Ellison Medical Institute and Universal Music Group — and to LA’s main rail transit line.
Home FeaturesLive north of Montana and walk to the Brentwood Country Mart.
Home FeaturesFuture Pacific Ocean View homes in the Palisades Estates section of Santa Monica’s prestigious North of Montana neighborhood.
Walking Distance| Project | Status | RTI / Groundbreaking | Est. Completion |
|---|---|---|---|
| Ashland | Under Construction | Q4 2026 | Q2 2028 |
| Stanford | RTI | Q4 2026 | Q2 2028 |
| Delaware I | RTI | Q4 2026 | Q2 2028 |
| Delaware II | RTI Q2 2027 | Q2 2027 | Q3 2028 |
| 26th Street | RTI Q2 2027 | Q2 2027 | Q4 2028 |
| Delaware III | RTI Q2 2027 | Q2 2027 | Q4 2028 |
Ashland, Stanford and Delaware I are slated to break ground Q4 2026; Ashland is currently under construction with completion expected Q2 2028.
Stephen has more than 20 years of experience developing award-winning housing across the West Coast. His background spans public service, affordable housing and luxury multifamily development — giving him a deep bench of tools to entitle projects while managing cost to capture unmet housing demand.
Over his career, Stephen has led acquisition, design, entitlement, construction management and divestment on more than $950 million of total development across Southern California, San Diego and Denver — delivering more than 1,800 residential units alongside retail and creative office space. He has a track record working with every member of Santa Monica’s recently elected City Council and City staff.
A selected history of Class A multifamily, retail and creative office development led by Stephen Anderson across the West Coast.
Full redesign around Costa Mesa's surf/skate culture; commissioned an iconic Shepard Fairey mural; innovative lease-up achieved top-of-market rents.
Greystar Lease-Up of the Year · Gold MHN Excellence Award
Differentiated the asset with a wellness-driven brand and program; led retail leasing. Divestment exceeded pro forma expectations.
Off-market sourcing; vacated an alley and relocated 12 residential tenants to secure a Vested Tentative Tract Map ahead of closing with a new capital partner.
Off-market acquisition with a significant purchase-price reduction; redesigned to secure a lower GMP and satisfy parking demand pre-closing.
Secured a full Zone Change, General Plan Amendment and Vested Tentative Tract Map; achieved maximum density without below-grade parking.
Negotiated acquisition of an international seller's LP interest; redesigned units and resident experience for the Silicon Beach location.
Full gut renovation from swap meet to creative office. Divestment exceeded pro forma expectations.
Off-market sourcing and PSA negotiation through closing.
Sold — $71M / $1,400+ PSF
Sourced and closed CityView's first Denver investment; negotiated a JV with the Dinerstein Companies to co-develop the asset.
Structured a JV with a local developer; redesigned the project from condo to multifamily spec. Divestment exceeded pro forma expectations.
Led underwriting and public process to finance Emerson Apartments for Related; ran the CRA/LA search for a 200-key museum-adjacent hotel partner.
Managed the entitlement process with the City of Santa Monica and full renovation repositioning the center from indoor mall to outdoor flagship shopping destination.
5th Street Ventures is engaging lenders and investors interested in its Santa Monica single-family portfolio and future pipeline. Reach out directly to discuss financing structures, timelines or to request the full investment package.