120 BroadwaySanta Monica, CA 90401

Property Details for 120 Broadway

Year built

1990

Construction

STEEL FRAME

Lot size

0.92 AC

Property size (Sq ft)

109,636 SF

Zone code

SMC3-RVC*

Property type

Office properties

Property subtype

Office buildings

APN

4291-028-024

APU

4291028024

Description

This exceptional 13,423-square-foot retail space is located at 120 Broadway in the vibrant city of Santa Monica, California, within Los Angeles County. The property is currently available for sublease and offers a single-tenant occupancy opportunity. The entire building, totaling 13,423 square feet, is vacant and ready for immediate occupancy. This presents a unique chance for a business seeking a substantial and highly visible retail presence in a prime Santa Monica location. The property's address is 120 Broadway, Santa Monica, CA 90401. Its convenient location offers excellent accessibility and high foot traffic, making it ideal for a variety of retail businesses. The property type is classified as retail commercial, providing ample space for a wide range of retail operations. The building's size and layout offer significant flexibility for customization to meet specific business needs. This is a rare opportunity to secure a large, high-profile retail space in one of Southern California's most desirable and dynamic commercial districts. The property's location in Santa Monica, with its thriving economy and affluent population, ensures a strong potential customer base. Serious inquiries are encouraged to explore this exceptional retail opportunity. The property is situated at latitude 34.0131341 and longitude -118.4956498.

• CAP approach

  CAP return

  Valuation

  6%

  $26,503,820

  6.5%

  $24,465,064

  7%

  $22,717,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,823,018

  Geo Method

  $20,848,382

• Alternative Use

  Use

  Valuation

  Residential

  $30,336,680

  Hospitality

  $27,788,236

  Educational

  $23,119,486

  Medical

  $23,914,600

  Retail

  $35,963,644

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.013

Longitude

-118.496

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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