1820 Santa Monica Blvd
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1820 Santa Monica Blvd
12,466 SF Retail Building Santa Monica, CA 90404 $25,925,760 CAD ($2,080 CAD/SF)
Investment Highlights
- Rare opportunity to purchase or ground lease (Rate: $120,000/Month, Term up to 99 years) a generational trophy asset in prime Santa Monica, CA
- Situated along Santa Monica Blvd with an impressive traffic count of 31,350 vehicles per day (VPD)
- Access to major tech employers, including Google, Snapchat, Twitter, Oracle, Hulu, and many more
- Covered land development site allowing the prospect to enjoy income while pursuing entitlements
- Potential uses may include: medical, residential, retail, EV parking, etc.
- Transit-oriented development. Located a few blocks away from Santa Monica’s Metro Line Rail Station and easy freeway access.
Executive Summary
Rare opportunity to purchase or ground lease (term up to 99 years) a signalized, hard-corner site with ± 29,993 SF of land located at 1820 Santa Monica Boulevard in the City of Santa Monica. The property offers an investor the opportunity to benefit from in-place income while entitlements are acquired. Ground Lease Rate: $120,000 per month.
Prime Location: The subject property is located on the iconic Santa Monica Boulevard and is situated in the center of the City of Santa Monica near the beautiful Southern California coastline, providing residents and visitors with stunning ocean views and a desirable beachfront lifestyle. With proximity to the beach, Santa Monica Pier, Third Street Promenade, and many world-class attractions, the site offers an investment opportunity in one of the most coveted cities
in the world. The site is also near major transportation hubs which further enhances its accessibility and connectivity to the rest of Los Angeles.
Prime Location: The subject property is located on the iconic Santa Monica Boulevard and is situated in the center of the City of Santa Monica near the beautiful Southern California coastline, providing residents and visitors with stunning ocean views and a desirable beachfront lifestyle. With proximity to the beach, Santa Monica Pier, Third Street Promenade, and many world-class attractions, the site offers an investment opportunity in one of the most coveted cities
in the world. The site is also near major transportation hubs which further enhances its accessibility and connectivity to the rest of Los Angeles.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
12,466 SF
Building Class
C
Year Built
1976
Price
$25,925,760 CAD
Price Per SF
$2,080 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.69 AC
Zoning
SMC4*
Parking
15 Spaces (1.2 Spaces per 1,000 SF Leased)
Frontage
150 ft on Santa Monica Blvd
Walk Score ®
Very Walkable (89)
Bike Score ®
Biker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,429,285 CAD | |
| Land Assessment | $13,292,353 CAD | Total Assessment | $14,721,638 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$13,292,353 CAD
Improvements Assessment
$1,429,285 CAD
Total Assessment
$14,721,638 CAD
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1820 Santa Monica Blvd
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