1415 Wilshire BlvdSanta Monica, CA 90403

Property Details for 1415 Wilshire Blvd

Year built

1930

Construction

TILT-UP CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

5,000 SF

Zone code

SMC6*

Property type

Retail space

APN

4281-011-026

APU

4281011026

Description

This exceptional Santa Monica storefront, located at 1415 Wilshire Boulevard, presents a compelling owner-user opportunity. The 4,878 square foot building sits on a 5,000 square foot lot and boasts a prime location in the affluent Wilshire-Montana neighborhood, with a median household income exceeding $113,000 within a one-mile radius. Built in 1930, the property is zoned MUB (Mixed-Use Boulevard), allowing for diverse uses. Its strategic placement along Wilshire Boulevard, just east of 14th Street, ensures high visibility and significant vehicular traffic (approximately 28,000 cars daily). The property is conveniently located approximately one mile from Downtown Santa Monica and the Third Street Promenade, and a short 20-minute drive from LAX. Within walking distance are numerous amenities, including Vons, Rite Aid, Bank of America, and UCLA Santa Monica Hospital. A Walk Score of 92 designates it a "Walker's Paradise," and it's a 14-minute walk from the Expo Line's 17th Street/SMC Station. The property is being delivered vacant, providing an ideal canvas for an owner-user or operator seeking a prominent Santa Monica presence. The asking price is $3,500,000, with a price per square foot of $717.51. The property's APN is 4281-011-026. This is a single-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,806,991

  6.5%

  $1,667,992

  7%

  $1,548,849

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,391,989

  Geo Method

  $2,396,016

• Alternative Use

  Use

  Valuation

  Residential

  $1,407,013

  Hospitality

  $1,288,816

  Educational

  $1,072,280

  Medical

  $1,109,158

  Retail

  $1,667,992

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0273

Longitude

-118.489

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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