2300 Lincoln BlvdSanta Monica, CA 90405

Property Details for 2300 Lincoln Blvd

Year built

1924

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

7,032 SF

Zone code

SMC4*

Property type

Retail space

APN

4289-001-006

APU

4289001006

Description

This exceptional 7,032 square foot retail storefront, located at 2300 Lincoln Boulevard in the vibrant Ocean Park neighborhood of Santa Monica, California, presents a compelling investment opportunity. Situated on a 9,362 square foot lot, this property boasts a prime location on Lincoln Boulevard, a major north-south thoroughfare, just five blocks south of Interstate 10, ensuring high visibility and accessibility. The building, constructed in 1924, features two units: a larger space of approximately 5,030 square feet and a smaller space of approximately 2,000 square feet. Currently occupied by short-term tenants, this presents a unique chance for repositioning and maximizing rental income. The property includes three parking spaces in the rear, a rare amenity in this location. With an average daily traffic count of approximately 50,900 vehicles, this corner property offers unparalleled exposure. The permitted zoning is SMC4*. The property's location offers easy access to major transportation arteries and is only eight miles from LAX, placing it within convenient reach of a vast customer base. Its proximity to other popular Southern California cities like Beverly Hills and Hollywood further enhances its appeal. This is a rare opportunity to acquire a well-located retail property with significant upside potential in a high-demand market. The property's location and current lease terms make it an attractive investment for those seeking immediate returns and long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,497,396

  6.5%

  $2,305,288

  7%

  $2,140,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,365,714

  Geo Method

  $3,369,757

• Alternative Use

  Use

  Valuation

  Residential

  $1,944,597

  Hospitality

  $1,781,240

  Educational

  $1,481,971

  Medical

  $1,532,938

  Retail

  $2,305,288

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0095

Longitude

-118.48

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].