1630 12Th StSanta Monica, CA 90404
- Industrial properties
- 18,420 SF
Property Details for 1630 12Th St
- Year built
- 1955
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.54 AC
- Property size (Sq ft)
- 18,420 SF
- Zone code
- SMM1*
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
- APN
- 4283-006-018
- APU
- 4283006018
Description
This exceptional 19,335-square-foot creative office building in Santa Monica, California, presents a compelling net lease investment opportunity. Located at 1630-1638 12th Street, this single-story, Class C building sits on a 31,203-square-foot lot and boasts a desirable industrial-modernist design. Originally constructed in 1955 and extensively renovated in 1997, the property features bright, airy interiors with operable steel windows, skylights, exposed wood truss ceilings, and polished concrete floors. The layout offers a blend of open workspaces and private offices, some with barn doors, catering to a variety of tenant needs. The HVAC system utilizes zoned package units for efficient climate control. Additional amenities include a large kitchen area adjacent to an outdoor covered patio and a separate structure often used for casting. Currently 100% occupied by a long-term tenant (Radical Media) under a net lease expiring July 31, 2027, with a five-year renewal option, this property offers strong cash flow and significant upside potential. The property's prime location in Santa Monica, known for its thriving tech and media industries, provides excellent access to major freeways (10 and 405) and public transportation (17th/SMC Metro Station, a 10-minute walk). The zoning is SMM1. This investment is situated in a highly sought-after, supply-constrained market, making it an attractive long-term opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $5,149,941
- Hospitality
- $4,717,318
- Educational
- $3,924,753
- Medical
- $4,059,732
- Retail
- $6,105,172
Location Insight
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Latitude
- 34.019
- Longitude
- -118.484
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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