604 Arizona AveSanta Monica, CA 90401

Property Details for 604 Arizona Ave

Year built

1950

Construction

TILT-UP CONCRETE

Lot size

0.52 AC

Property size (Sq ft)

59,340 SF

Zone code

SMC3*

Property type

Office buildings

APN

4291-009-011

APU

4291009011

Description

This exceptional three-story, Class B creative office building at 604 Arizona Avenue in Santa Monica, California offers 46,707 square feet of space. Built in 1950 and renovated in 2005, the property boasts a rich history, having housed prominent companies. Currently, multiple suites are available, with a minimum divisible space of 2,507 square feet and a maximum contiguous space of 46,707 square feet, providing flexibility for various business needs. The building features a total of five suites and is situated on a 22,462 square foot lot. Ample parking is available with 47 spaces. The property is zoned NV and its Los Angeles County APN is 4291-009-011. Located in the desirable Santa Monica submarket, with the zip code 90401, this property presents a unique opportunity to establish a presence in a thriving business community. The building's blend of historical charm and modern functionality creates an inspiring work environment. This is an excellent opportunity for businesses seeking a prestigious and well-located office space in Santa Monica.

• CAP approach

  CAP return

  Valuation

  6%

  $14,432,439

  6.5%

  $13,322,252

  7%

  $12,370,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,268,487

  Geo Method

  $11,284,094

• Alternative Use

  Use

  Valuation

  Residential

  $16,519,592

  Hospitality

  $15,131,857

  Educational

  $12,589,528

  Medical

  $13,022,501

  Retail

  $19,583,710

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0193

Longitude

-118.494

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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