For Sale
$18,000,000

1820 Santa Monica BlvdSanta Monica, CA 90404

Prime Santa Monica retail, 12,466 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail property, located at 1820-1836 Santa Monica Boulevard in Santa Monica, California, presents a rare investment opportunity. The 12,466 square foot building sits on a substantial 29,993 square foot lot (APN: 4275-010-001 | 4275-010-002 | 4275-010-003 | 4275-010-004) and is zoned SMGC (General Commercial). Currently operating as an automotive sales facility, the property offers significant potential for redevelopment. The asking price is $18,000,000. Alternatively, a ground lease is available for a term up to 99 years at a monthly rate of $120,000. This hard-corner, signalized site boasts impressive visibility and high traffic counts of 31,350 vehicles per day. Its prime location on Santa Monica Boulevard places it near the beach, Santa Monica Pier, Third Street Promenade, and major transportation hubs, including proximity to the Metro Rail Line. The property's central location offers easy access to major tech employers such as Google, Snapchat, Twitter, Oracle, and Hulu. Potential future uses include medical, residential, retail, and EV parking, making this a truly generational trophy asset in one of the world's most desirable cities. The property allows for income generation while pursuing entitlements for future development.

Highlights

  • Highly versatile property suitable for medical, residential, or retail uses, plus EV parking.
  • Exceptional opportunity to acquire a prime Santa Monica trophy asset via purchase or a 99-year ground lease.
  • High-traffic location on Santa Monica Blvd, boasting 31,350 vehicles per day.
  • Existing income stream allows for phased development while pursuing entitlements.
  • Excellent proximity to major tech companies like Google, Snapchat, and others.
  • Transit-oriented development near Santa Monica's Metro Rail (0.6-1.0 miles).

Property Details for 1820 Santa Monica Blvd

Property type
Retail properties
Square Feet
12,466 SF

Location Insight

City
Santa Monica
County
Los Angeles
State
California
Latitude
34.0274682
Longitude
-118.4811168
1820 Santa Monica Blvd, Santa Monica, California

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1820 Santa Monica Blvd
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