2917 Santa Monica BlvdSanta Monica, CA 90404

Property Details for 2917 Santa Monica Blvd

Year built

1923

Construction

TILT-UP CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

4,710 SF

Zone code

SMC4*

Property type

Office properties

Property subtype

Office buildings

APN

4267-011-024

APU

4267011024

Description

This stunning 1920s freestanding commercial building offers 5,100 square feet of unique office space in Los Angeles County. The single-tenant property sits on a 7,500 square foot lot and features a captivating blend of historic charm and modern amenities. Architectural details include skylights, polished concrete and original hardwood floors, exposed ceilings and ducting, and custom millwork creating sophisticated storage and library spaces. Raw brick, steel, and glass finishes add a contemporary touch. The open layout provides a spacious and industrial feel. Enjoy a private outdoor patio ideal for breaks or meetings, and a rear lot bar perfect for after-hours events. The property includes a private gated parking lot accommodating approximately 12 cars at no extra charge, a fire sprinkler system, and 3-phase power. Excellent signage potential ensures high visibility for your business. An introductory first-year special offers a 50% base rent reduction for leases exceeding three years, with a base rent of $3.75 per square foot. This exceptional property presents a rare opportunity to lease a beautifully restored historic building in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,204,567

  6.5%

  $1,111,908

  7%

  $1,032,486

• Comparable approach

  Method

  Valuation

  Relative Method

  $893,149

  Geo Method

  $895,654

• Alternative Use

  Use

  Valuation

  Residential

  $1,378,766

  Hospitality

  $1,262,942

  Educational

  $1,050,753

  Medical

  $1,086,890

  Retail

  $1,634,505

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0363

Longitude

-118.471

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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