901 Santa Monica BlvdSanta Monica, CA 90401

Property Details for 901 Santa Monica Blvd

Year built

1976

Construction

TILT-UP CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

10,000 SF

Zone code

SMC4*

Property type

Retail properties

Property subtype

Retail space

APN

4282-011-034

APU

4282011034

Description

This exceptional freestanding retail property located at 901 Santa Monica Boulevard in Santa Monica, California, presents a unique investment opportunity. The building, situated in Los Angeles County, boasts a single-tenant occupancy, previously occupied by Tuesday Morning. The property features a total of 10 parking spaces, providing ample convenience for customers and employees. Its prime location on Santa Monica Boulevard offers exceptional visibility and accessibility, making it an ideal space for a variety of retail businesses. The building's spacious layout provides flexibility for customization to suit the needs of a new tenant. With its convenient location in the vibrant city of Santa Monica, this property offers significant potential for growth and profitability. The zip code is 90401. The property is classified as a retail building of the freestanding subtype. The building count is one. This single-tenant building presents a rare opportunity to acquire a well-located, established retail space in a high-demand market. The property's ample parking and prominent location make it an attractive option for businesses seeking high visibility and customer convenience. Serious inquiries are encouraged to explore the potential of this exceptional retail property. The geographic coordinates are latitude 34.0205788 and longitude -118.4904714.

• CAP approach

  CAP return

  Valuation

  6%

  $3,586,896

  6.5%

  $3,310,981

  7%

  $3,074,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,784,976

  Geo Method

  $4,792,032

• Alternative Use

  Use

  Valuation

  Residential

  $2,792,936

  Hospitality

  $2,558,314

  Educational

  $2,128,488

  Medical

  $2,201,690

  Retail

  $3,310,981

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0207

Longitude

-118.49

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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