923 Montana AveSanta Monica, CA 90403

Property Details for 923 Montana Ave

Year built

1964

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

7,500 SF

Zone code

SMR1A*

Property type

Retail properties

Property subtype

Parking lots & garages

APN

4280-023-014

APU

4280023014

Description

This exceptional 1,080-square-foot retail space is ideally situated at 923 Montana Avenue in the vibrant heart of Santa Monica, California, zip code 90403. The property offers a single-tenant occupancy, providing a blank canvas for a discerning business owner. The entire 1,080 square feet is currently vacant, presenting a unique opportunity for immediate occupancy and customization. This location boasts high visibility and foot traffic, making it an excellent choice for a variety of retail ventures. The property's address, 923 Montana Avenue, places it within a thriving commercial district, ensuring strong potential for customer engagement and business growth. The building is classified as commercial retail, catering to businesses seeking a prominent Santa Monica presence. This is a single-tenant space, eliminating the complexities of multi-tenant management. The property is ready for immediate lease, allowing for a swift and efficient transition into your new business location. Its prime location in Santa Monica, a city known for its upscale shopping and dining scene, offers unparalleled access to a desirable customer base. This is a rare opportunity to secure a highly visible and well-located retail space in one of California's most sought-after areas. The property's coordinates are 34.0290025 latitude and -118.4993736 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $2,693,325

  6.5%

  $2,486,146

  7%

  $2,308,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,588,615

  Geo Method

  $3,594,024

• Alternative Use

  Use

  Valuation

  Residential

  $2,097,158

  Hospitality

  $1,920,985

  Educational

  $1,598,237

  Medical

  $1,653,203

  Retail

  $2,486,146

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0292

Longitude

-118.5

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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