1020 Pico BlvdSanta Monica, CA 90405

Property Details for 1020 Pico Blvd

Year built

1948

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

4,558 SF

Zone code

SMC4*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

4284-016-004

APU

4284016004

Description

This exceptional 6,317-square-foot creative office space at 1020 Pico Boulevard in Santa Monica, California, presents a unique opportunity. Located in Los Angeles County, this single-tenant building boasts a prime location, just minutes from the beach, the vibrant Third Street Promenade, and Santa Monica's Media District. The property, with APN 4284-016-004, is zoned C4 and features a Class B designation. Originally constructed in 1948, it underwent a complete renovation in 2019, resulting in a modern and stylish workspace. The single-story building offers ample natural light and exposed ceilings, hallmarks of a creative office environment. Security is ensured with a gated entry. Parking is convenient with six spaces available on-site. The building's proximity to major transportation arteries, including the Santa Monica (10) Freeway and Pacific Coast Highway (1), as well as the Downtown Santa Monica Expo Station, provides easy access for employees and clients. This freestanding building offers 6,317 square feet of completely vacant space, ready for immediate occupancy. The property's combination of location, modern amenities, and ample space makes it an ideal choice for a discerning business seeking a prestigious Santa Monica address. The zip code is 90405.

• CAP approach

  CAP return

  Valuation

  6%

  $1,372,256

  6.5%

  $1,266,697

  7%

  $1,176,219

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,341,667

  Geo Method

  $1,343,461

• Alternative Use

  Use

  Valuation

  Residential

  $1,266,697

  Hospitality

  $1,160,288

  Educational

  $965,346

  Medical

  $998,546

  Retail

  $1,501,649

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0134

Longitude

-118.48

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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