2922 Pico BlvdSanta Monica, CA 90405

Property Details for 2922 Pico Blvd

Year built

1958

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

8,389 SF

Zone code

SMC4*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

4270-005-046

APU

4270005046

Description

This exceptional 1,350-square-foot executive office space is ideally located at 2922 Pico Boulevard in the vibrant city of Santa Monica, California. Situated in Los Angeles County, this property offers a rare opportunity to lease a fully vacant, move-in ready suite perfect for a variety of businesses. The space is classified as both retail and office, providing flexibility for diverse operational needs. The building features a total of four parking spaces, offering convenient parking for tenants and clients. The property's "Multiple" tenancy designation suggests a collaborative environment, potentially fostering networking opportunities. The address, 2922 Pico Blvd, places the property in a high-traffic area of Santa Monica, offering excellent visibility and accessibility. With its prime location in the 90405 zip code, this property benefits from the area's thriving business community and convenient access to major transportation routes. The entire 1,350 square feet is currently available for lease, presenting a unique chance to establish a prominent presence in this sought-after location. This is an exceptional opportunity for businesses seeking a well-located, versatile, and readily available office space in the heart of Santa Monica. The property's classification as an "Executive Office" suggests a high-quality build-out and a professional atmosphere. The four parking spaces provide ample parking for employees and visitors. Don't miss this chance to secure this outstanding Santa Monica office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,080,106

  6.5%

  $1,920,098

  7%

  $1,782,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,592,191

  Geo Method

  $1,595,252

• Alternative Use

  Use

  Valuation

  Residential

  $2,380,922

  Hospitality

  $2,180,912

  Educational

  $1,814,493

  Medical

  $1,876,896

  Retail

  $2,822,544

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.025

Longitude

-118.459

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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