This exceptional restaurant property, located at 1433 Wilshire Boulevard in Santa Monica, California, presents a unique investment opportunity. The 5,219-square-foot building, situated on a 5,003-square-foot lot, boasts 48 feet of prime Wilshire Boulevard frontage. Built in 1925 and extensively renovated in 2021 (including a seismic retrofit), the property offers a blend of historic charm and modern functionality. The space includes a ground floor of 4,657 square feet and a 562-square-foot mezzanine. Six parking spaces, including one handicap-accessible space, are leased from a rear lot. The MUB (Mixed Use Boulevard) zoning allows for diverse uses, including restaurant, retail, gym, showroom, or service retail, making it highly adaptable to various business models. The property's previous use as a restaurant/deli means some existing improvements are already in place. This location benefits from a Walk Score of 92, placing it in a highly walkable area. The property is directly across from the Santa Monica/UCLA Medical Center, providing a substantial customer base of over 4,000 employees and medical professionals. Nearby businesses include Vons, Rite Aid, Bank of America, and other popular retailers. The median household income within a one-mile radius exceeds $135,000, indicating strong purchasing power in the immediate vicinity. The APN is 4281-011-011. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Santa Monica neighborhood.
Highlights
Price: $4,000,000
Building size: 5,219 rentable square feet (4,657 sq ft ground floor, 562 sq ft mezzanine)
Land area: 5,003 square feet
Built in 1925, extensively renovated in 2021 including seismic retrofit
Parking: 6 spaces, 1 handicap-accessible, leased from rear lot
MUB (Mixed Use Boulevard) zoning allows for restaurant, retail, gym, showroom, or service retail
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Contacts
Arthur Peter
Rafael Padila
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1433 Wilshire Blvd, Santa Monica, California, 90403
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1433 Wilshire Blvd
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