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 properties

Property subtype

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

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