1630 12Th StSanta Monica, CA 90404

  • Industrial properties
  • 18,420 SF
For Sale

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
1630 12Th St, Santa Monica, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$184,739
$13,500,000
$2,200,000
$15,700,000
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