1231-1235 4th St
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1231-1235 4th St
6,270 SF Retail Building Santa Monica, CA 90401 $3,500,000 ($558/SF)
Investment Highlights
- Located just a block away from the Third Street Promenade
- Previously used as a yoga studio, currently vacant
- Second floor features five office spaces and two utility/storage rooms
- Close proximity to a variety of retail & dining amenities
- First floor features one large room with approx. 15' high ceilings, a lobby area, and kitchen
- Skylights throughout provide the building with amply natural light
Executive Summary
WESTMAC Commercial Brokerage Company and Beitler Commercial Realty Services are pleased to offer the opportunity to acquire 1231 4th Street, a +/- 6,270 square foot commercial building situated on +/- 6,007 square feet of Santa Monica BC (Bayside Conservation) zoned land in the Downtown District. This is a perfect owner-user opportunity for someone looking to have a footprint in the heart of Santa Monica, one block away from the Third Street Promenade. Given its location in the Downtown District, the property offers a variety of potential uses, such as medical offices, creative spaces, fitness centers, restaurants, and more.
Empty upon 6 month notice, right to deliver property vacant upon notice.
Empty upon 6 month notice, right to deliver property vacant upon notice.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts In Escrow
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
6,270 SF
Building Class
C
Year Built
1946
Price
$3,500,000
Price Per SF
$558
Tenancy
Single
Building Height
2 Stories
Building FAR
1.04
Lot Size
0.14 AC
Zoning
C3 - Downtown commercial district could allow additional second story for residential units or other user applications in the future.
Parking
4 Spaces (0.64 Spaces per 1,000 SF Leased)
Frontage
37 FT on 4th St
Amenities
- Skylights
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4291-004-010 | Improvements Assessment | $1,005,003 |
| Land Assessment | $1,965,417 | Total Assessment | $2,970,420 |
PROPERTY TAXES
Parcel Number
4291-004-010
Land Assessment
$1,965,417
Improvements Assessment
$1,005,003
Total Assessment
$2,970,420
Contacts
-
Woody Cook -
T.C. Macker, CCIM -
Colin Fields -
WESTMAC Commercial Brokerage Company
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1231-1235 4th St
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