2331 4Th StSanta Monica, CA 90405

Property Details for 2331 4Th St

Year built

1925

Construction

TILT-UP CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

2,388 SF

Zone code

SMOP2*

Property type

Retail properties

Property subtype

Retail space

APN

4289-007-004

APU

4289007004

Description

This freestanding retail building, located at 2331 4th Street in Santa Monica, CA 90405, offers 2,388 square feet on a 5,585 square foot lot. Built in 1925, this one-story building features a versatile layout and convenient front and back parking. Recent upgrades include a new HVAC system and roof, along with numerous interior and exterior improvements. The property is situated in a highly desirable area with an affluent residential population and is close to the 10 Freeway, Main Street, Santa Monica Airport, LAX, and public transportation. Zoned SMOP2, this vacant property is available for sale as an owner-user opportunity, priced at $3,495,000. The building's convenient location and recent upgrades make it an ideal investment for businesses seeking a presence in this sought-after Santa Monica neighborhood. The property's APN is 4289-007-004. The building has been vacant since June 6, 2023. This presents a unique opportunity to establish a business in a thriving area with excellent accessibility and a strong residential base.

• CAP approach

  CAP return

  Valuation

  6%

  $844,712

  6.5%

  $779,734

  7%

  $724,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,143,089

  Geo Method

  $1,144,337

• Alternative Use

  Use

  Valuation

  Residential

  $657,735

  Hospitality

  $602,482

  Educational

  $501,258

  Medical

  $518,497

  Retail

  $779,734

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0061

Longitude

-118.483

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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