3002 Pennsylvania AveSanta Monica, CA 90404
- Office properties
- 6,155 SF
Property Details for 3002 Pennsylvania Ave
- Year built
- 1956
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.16 AC
- Property size (Sq ft)
- 6,155 SF
- Zone code
- SMLMSD*
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 4268-009-001
- APU
- 4268009001
Description
This exceptional 6,000 square foot creative office building, located in the heart of Santa Monica's Media District, presents a unique investment opportunity. Built in 1950, this single-story, Class B property boasts a desirable hard corner location and offers multiple tenancy options. Currently, 3,500 square feet of space is available, with individual suites ranging from 1,400 to 3,500 square feet. The building features high-height exposed wood beam ceilings, polished concrete floors, and operable Torrance steel windows throughout, creating a stylish and functional workspace. Abundant natural light streams in through strategically placed skylights. The property also includes a climate-controlled machine room, ensuring optimal functionality for sensitive equipment. High-speed internet and ample power are readily available. The convenient location provides easy access to numerous restaurants and food trucks within walking distance. The property is zoned M2 and includes four parking spaces. The Los Angeles County Assessor's Parcel Number (APN) is 4268-009-001. This is an ideal space for creative businesses seeking a vibrant and well-equipped location in a thriving Santa Monica submarket. Don't miss this chance to secure a prominent presence in this sought-after area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,568,913
- 6.5%
- $1,448,227
- 7%
- $1,344,782
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,167,274
- Geo Method
- $1,170,435
-
Alternative Use
- Use
- Valuation
- Residential
- $1,795,802
- Hospitality
- $1,644,945
- Educational
- $1,368,575
- Medical
- $1,415,642
- Retail
- $2,128,894
Location Insight
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Latitude
- 34.0327
- Longitude
- -118.465
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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