1428 2Nd StSanta Monica, CA 90401

Property Details for 1428 2Nd St

Year built

1921

Construction

TILT-UP CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

7,500 SF

Zone code

SMBSC4*

Property type

Retail properties

Property subtype

Auto shops

APN

4291-015-006

APU

4291015006

Description

This exceptional 1,855 square foot executive office suite is located in a single-story building at 1428 2nd St, Santa Monica, CA 90401, within Los Angeles County. The property boasts a stunning, creative design featuring soaring high ceilings and abundant natural light, complemented by exposed brick and wood beam ceilings with large skylights. The open floor plan includes five perimeter offices, a dedicated conference room, and a convenient kitchenette. The building's total square footage is 5,138 square feet, with 1,855 square feet currently vacant and ready for immediate occupancy. Multiple tenants occupy the building. Ample parking is available on-site. This prime location offers unparalleled convenience, with easy access to the Metro, a wide array of restaurants, bars, cafes, shopping, Ocean Avenue, Third Street Promenade, and the beautiful Santa Monica beach, all within walking distance. This is a unique opportunity to customize a remarkable space in a highly desirable area. The property is situated in a one-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,666,702

  6.5%

  $2,461,572

  7%

  $2,285,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,589,597

  Geo Method

  $3,594,024

• Alternative Use

  Use

  Valuation

  Residential

  $2,076,428

  Hospitality

  $1,901,997

  Educational

  $1,582,439

  Medical

  $1,636,861

  Retail

  $2,461,572

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.014

Longitude

-118.497

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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