3002 Pennsylvania AveSanta Monica, CA 90404

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 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.

• 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

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