1519 Wilshire BlvdSanta Monica, CA 90403

Property Details for 1519 Wilshire Blvd

Year built

1926

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

8,106 SF

Zone code

SMC6*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4281-005-024

APU

4281005024

Description

This exceptional 8,800-square-foot property at 1519 Wilshire Blvd in Santa Monica, California, presents a unique opportunity for businesses seeking a prestigious location. Located in Los Angeles County, zip code 90403, this multi-tenant building offers flexible space ideal for executive offices, retail, or restaurant use. The property is currently fully vacant, providing a blank canvas for a new tenant to customize. Units range from a minimum of 3,800 square feet to a maximum contiguous space of 5,000 square feet. Ample parking is available with over 20 spaces. The building's prime location on Wilshire Boulevard places it in the heart of Santa Monica's vibrant business district, offering excellent visibility and accessibility. Previously configured as a restaurant, the space boasts a stunning, fully renovated interior, including a remarkable second-floor outdoor rooftop terrace. This turnkey space is ready for immediate occupancy and offers endless possibilities for a variety of businesses. The existing floor plan provides a strong foundation for a new concept, allowing for seamless adaptation to a tenant's specific needs. This is a truly exceptional opportunity to secure a flagship location in one of Southern California's most desirable areas.

• CAP approach

  CAP return

  Valuation

  6%

  $2,934,750

  6.5%

  $2,709,000

  7%

  $2,515,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,877,698

  Geo Method

  $3,884,421

• Alternative Use

  Use

  Valuation

  Residential

  $2,285,142

  Hospitality

  $2,093,178

  Educational

  $1,741,500

  Medical

  $1,801,393

  Retail

  $2,709,000

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0282

Longitude

-118.488

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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