3032 Wilshire BlvdSanta Monica, CA 90403

Property Details for 3032 Wilshire Blvd

Year built

1962

Construction

TILT-UP CONCRETE

Lot size

0.68 AC

Property size (Sq ft)

7,768 SF

Zone code

SMC6*

Property type

Retail properties

Property subtype

Banks

APN

4267-003-050

APU

4267003050

Description

This exceptional Santa Monica property at 3032 Wilshire Blvd offers two ground-floor medical office suites, perfect for a variety of uses. The building boasts a total of 12,173 square feet, with available spaces ranging from 465 to 575 contiguous square feet. Each suite is move-in ready, equipped with necessary kitchen equipment and approved by the health department. The building features excellent co-tenancy with established businesses including Carbon Health, Fitstop, Oakberry, Katsu Bar, and Paderia Bakery. Amenities include communal stand-up counters and outdoor seating, along with shared restrooms. Ample parking is available with a substantial 60-space surface lot, ideal for both in-person dining and third-party delivery services. The building's electrical capacity is 3,000 AMPs. Located in Los Angeles County, this property presents a unique opportunity in a high-traffic, desirable area. The minimum divisible space is 465 square feet, while the maximum contiguous space available is 575 square feet. A total of 1,040 square feet is currently vacant. This is a multi-tenant building with a total of two suites.

• CAP approach

  CAP return

  Valuation

  6%

  $2,923,760

  6.5%

  $2,698,855

  7%

  $2,506,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,711,918

  Geo Method

  $3,722,450

• Alternative Use

  Use

  Valuation

  Residential

  $2,276,585

  Hospitality

  $2,085,340

  Educational

  $1,734,978

  Medical

  $1,794,647

  Retail

  $2,698,855

Location Insight

City

Santa Monica

County

Los Angeles

State

California

Latitude

34.0392

Longitude

-118.473

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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