1718-1720 20th St
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1718-1720 20th St
7,762 SF Vacant Retail Building Santa Monica, CA 90404 $10,750,000 ($1,385/SF)
Investment Highlights
- High visibility at the gateway to the Santa Monica Freeway
- Excellent Westside Location
- Leases provide income & flexibility while buyer pursues plans for redevelopment
- Silicon Beach Drivers
Executive Summary
WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire, 1718-1720 20th Street (“1718 20th
Street”), a 14,480 square foot site featuring a two-story commercial building totaling approximately 7,762 square feet (per tax record) in Santa Monica, CA. The site gives way to a prime redevelopment opportunity with unmatched visibility and excellent access to transit, including the Metro Expo Line, Pacific Coast Highway and the 10 Freeway, in one of the most dynamic office and retail markets in the world.
The property currently houses an auto body shop on the first level, four (4) office tenants occupying five (5) suites on the second level and plenty of parking for approximately twenty (20) vehicles. There is tremendous flexibility for owner-users or savvy investors seeking to redevelop the site. The property falls under Santa Monica’s Industrial Conservation (IC) zoning and can accommodate a variety of uses ranging from creative office, media production and car dealerships to R&D, self-storage and 100% affordable housing. 1718 20th Street is a rare opportunity for buyers looking to position themselves in one of Southern California most iconic and prosperous locales for technology, entertainment, and media.
Street”), a 14,480 square foot site featuring a two-story commercial building totaling approximately 7,762 square feet (per tax record) in Santa Monica, CA. The site gives way to a prime redevelopment opportunity with unmatched visibility and excellent access to transit, including the Metro Expo Line, Pacific Coast Highway and the 10 Freeway, in one of the most dynamic office and retail markets in the world.
The property currently houses an auto body shop on the first level, four (4) office tenants occupying five (5) suites on the second level and plenty of parking for approximately twenty (20) vehicles. There is tremendous flexibility for owner-users or savvy investors seeking to redevelop the site. The property falls under Santa Monica’s Industrial Conservation (IC) zoning and can accommodate a variety of uses ranging from creative office, media production and car dealerships to R&D, self-storage and 100% affordable housing. 1718 20th Street is a rare opportunity for buyers looking to position themselves in one of Southern California most iconic and prosperous locales for technology, entertainment, and media.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,762 SF
Building Class
C
Year Built
1949
Price
$10,750,000
Price Per SF
$1,385
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.54
Lot Size
0.33 AC
Zoning
IC - IC - Santa Monica's Industrial Conservation Zone
Parking
20 Spaces (2.58 Spaces per 1,000 SF Leased)
Frontage
120 FT on 20th
Walk Score ®
Very Walkable (86)
Bike Score ®
Biker's Paradise (92)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4275-028-016 | Improvements Assessment | $772,650 |
| Land Assessment | $5,022,284 | Total Assessment | $5,794,934 |
PROPERTY TAXES
Parcel Number
4275-028-016
Land Assessment
$5,022,284
Improvements Assessment
$772,650
Total Assessment
$5,794,934
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1718-1720 20th St
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