3002 Main StSanta Monica, CA 90405

Property Details for 3002 Main St

Year built

2001

Construction

STEEL FRAME

Lot size

0.14 AC

Property size (Sq ft)

4,138 SF

Zone code

SMCM4*

Property type

Retail properties

Property subtype

Retail space

APN

4288-007-009

APU

4288007009

Description

This exceptional 5,000-square-foot creative office space is located in a two-story freestanding building on a prime corner lot in Los Angeles County. The property boasts floor-to-ceiling storefront glass, offering stunning views of Main Street. Its single-tenant occupancy provides flexibility and control. The building's strategic location places it just two blocks from the beach, providing employees and clients with convenient access to recreational opportunities. Furthermore, its proximity to a variety of retailers, eateries, and other amenities ensures a vibrant and convenient work environment. The property includes 10 gated on-site parking spaces, offering secure and convenient parking for tenants and visitors. The building's classification as both retail and office space allows for versatile use and potential for various business types. The entire 5,000 square feet is currently vacant, presenting a unique opportunity for a business seeking a prominent and well-located space. This property is ideal for businesses seeking a high-visibility location with ample parking and proximity to the beach and local amenities. The building's design and location make it an attractive option for businesses seeking a modern and convenient workspace. The two-story layout offers flexibility in space configuration to suit diverse business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,452,333

  6.5%

  $1,340,615

  7%

  $1,244,857

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,981,201

  Geo Method

  $1,982,943

• Alternative Use

  Use

  Valuation

  Residential

  $1,130,859

  Hospitality

  $1,035,861

  Educational

  $861,824

  Medical

  $891,463

  Retail

  $1,340,615

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

33.9983

Longitude

-118.48

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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