How much is a parking lot worth? In Santa Monica? What about if a celeb super star owned it last? Now, is it worth less when you learn Bill Cosby is selling it? I doubt it.

whatever gets built there in the future, the city has already painted all the curbs around it red.

So, the next thing to get built there? Will have maximum visibility from the roads near it

That property is currently a parking lot at the corner of Marine Street and Main, and is on the market for $5.7 million. The lot is 6,024 square feet and has the potential for a 4,018-square-foot building.

https://www.hollywoodreporter.com/news/bill-cosby-is-shedding-tens-millions-la-real-estate-1106673