1460 4Th StSanta Monica, CA 90401

Property Details for 1460 4Th St

Year built

1980

Construction

TILT-UP CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

28,196 SF

Zone code

SMBSC2*

Property type

Office properties

Property subtype

Office buildings

APN

4291-017-023

APU

4291017023

Description

This exceptional creative office space in Santa Monica offers two available suites, ranging from 936 to 2,155 square feet, within a 28,196 square foot building. Located in Los Angeles County, the property boasts a desirable urban loft aesthetic, featuring hardwood flooring, operable windows, recessed lighting, and kitchens in select units. Some units showcase exposed ceilings, adding to the unique character. The building, constructed in 1980 and renovated in 1996, is a four-story Class B structure situated on a 7,405 square foot lot. Its convenient location places it steps from the Third Street Promenade and Santa Monica Place, offering easy access to a vibrant array of retail and dining options. The property's proximity to the new Santa Monica Expo Line and the Santa Monica Freeway (within five minutes) ensures excellent transportation links. The building has a 3.81 FAR and provides approximately 5 parking spaces per 1,000 square feet. The zoning is C3. Currently, 3,091 square feet are vacant, presenting an immediate opportunity for businesses seeking move-in ready space. The building features a total of two suites.

• CAP approach

  CAP return

  Valuation

  6%

  $6,831,505

  6.5%

  $6,306,004

  7%

  $5,855,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,354,900

  Geo Method

  $5,361,752

• Alternative Use

  Use

  Valuation

  Residential

  $7,819,446

  Hospitality

  $7,162,570

  Educational

  $5,959,174

  Medical

  $6,164,120

  Retail

  $9,269,827

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.015

Longitude

-118.494

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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