1738 Berkeley StSanta Monica, CA 90404

Property Details for 1738 Berkeley St

Year built

1963

Construction

CONCRETE

Lot size

0.54 AC

Property size (Sq ft)

21,058 SF

Zone code

SMLMSD*

Property type

Office buildings

APN

4268-009-017

APU

4268009017

Description

This exceptional 27,914 square foot Class A creative office building in Santa Monica's Media District presents a unique investment opportunity. Built in 1963 and fully renovated in 2007, the property boasts a striking red brick exterior and high ceilings throughout. The building features a glass conference room, executive offices, and ample natural light, creating a sophisticated and inspiring workspace. The property includes 79 gated and secured parking spaces, available at $175 per space. Clear ceiling heights are impressive: 17 feet minimum on the ground floor, 12 feet minimum on the second floor, and a full 37 feet minimum height. The expansive lot size is 23,398 square feet, with potential for expansion. Its convenient location offers easy access to freeways and public transportation, including a one-minute walk to the 26th Street/Bergamot Expo Line Station. The SMLMSD/CCS zoning is ideal for creative office, media, entertainment, or production uses. This is a value-add redevelopment opportunity for a discerning buyer seeking a prominent Santa Monica address. The property is offered for sale by owner. APN: 4268-009-017.

• CAP approach

  CAP return

  Valuation

  6%

  $5,361,140

  6.5%

  $4,948,744

  7%

  $4,595,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,993,714

  Geo Method

  $4,004,389

• Alternative Use

  Use

  Valuation

  Residential

  $6,136,443

  Hospitality

  $5,620,948

  Educational

  $4,676,564

  Medical

  $4,837,398

  Retail

  $7,274,654

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0324

Longitude

-118.464

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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