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Meridian Building 1448 15th St 23,997 SF 100% Leased Office Building Santa Monica, CA 90404 $14,995,000 ($624.87/SF)

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EXECUTIVE SUMMARY

Rare owner/user or developer offering with RTI permits for full interior redevelopment. Currently vacant and partially demolished—ready for immediate transformation.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
23,997 SF
Building Class
C
Year Built
1981
Price
$14,995,000
Price Per SF
$624.87
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,999 SF
Slab To Slab
10’
Building FAR
1.60
Lot Size
0.34 AC
Zoning
SMBCD* - Commercial
Parking
30 Spaces (1.25 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Controlled Access

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Allen J. Lynch
  • -
  • -
  • -
  • -
  • -
  • Blue Stone Construction
  • Construction
  • -
  • $36.00
  • Full Service
  • Dec 2018
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Feb 2021

Dr. Stefan Hagopian is a board-certified osteopathic physician specializing in neuromusculoskeletal medicine and osteopathic manipulative treatment. He earned his DO degree from the University of New England College of Osteopathic Medicine in 1988 and has practiced in the Los Angeles area for over 35 years. He maintains a private clinic in Brentwood and a secondary practice location in Santa Monica. Additionally, Dr. Hagopian serves as an international educator, having been part of the first faculty teaching the biodynamic system of osteopathy since the late 1990s.

  • Karen Adams Acupuncture And Herbal Medicine
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Apr 2021

Dr. Deutsch is a Doctor of Acupuncture and Chinese Medicine and a California licensed acupuncturist. She is also nationally board certified in Oriental medicine, acupuncture, Chinese herbs, and biomedicine, and a Fellow of the American Board of Oriental and Reproductive Medicine (ABORM). In addition, she has a strong practice in functional medicine and nutrition, and has been certified in functional medicine by The Kalish Institute. I have also completed coursework with the Institute of Functional Medicine (IFM). She is devoted to the art of healing and grateful to have the opportunity to help others attain optimal health and wellness.

  • Ocean Psychological Services
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Palladin Productions Inc.
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Full Service
  • Oct 2021
  • Finance and Insurance
  • -
  • -
  • -
  • -

The State Farm® mission is to help people manage the risks of everyday life, recover from the unexpected and realize their dreams. Their vision for the future is to be the customer's first and best choice in the products and services they provide. They will continue to be the leader in the insurance industry and they will become a leader in the financial services arena. Their customers' needs will determine their path. Their values will guide them. They are people who make it their business to be like a good neighbor; who built a premier Company by selling and keeping promises through their marketing partnership; who bring diverse talents and experiences to their work of serving the State Farm customer. Their success is built on a foundation of shared values — quality service and relationships, integrity and financial strength. Their company mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.

  • Services
  • -
  • -
  • Full Service
  • Dec 2022

TM is a simple mental technique, practiced silently with the eyes closed, sitting in any comfortable position. For over 60 years, the Maharishi Foundation has made Transcendental Meditation available worldwide, training instructors who have brought the practice to millions of people. It has also been involved in many charitable initiatives, including providing free meditation instruction to under-served communities and supporting the establishment of TM Centers in developing countries. Maharishi Mahesh Yogi, whose life's work was to revive and demystify the timeless knowledge of meditation, and verify its effectiveness through the lens of modern science, began teaching Transcendental Meditation in the 1950s. After refining and systematizing the teaching of TM, Maharishi began a movement to make the technique available worldwide. He oversaw the training of thousands of instructors and established a non-profit foundation to preserve the authenticity of the TM technique.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • Sep 2025

Dr. Ben Weitz is a Sports Chiropractor who works with professional athletes, weekend warriors, and non-athletes. He has helped thousands of patients over the last 30 yrs. recover from back pain, neck pain, rotator cuff shoulder tendinitis, sports injuries, headaches, tennis elbow, hip & knee strain, plantar fascitis, TMJ, & other musculoskeletal injuries. He utilizes specialized massage techniques, along with gentle manipulation, & other therapies, including ultrasound, ems, laser, & therapeutic exercises to treat your joint and muscle pain.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Allen J. Lynch - - - - -
Blue Stone Construction Construction - $36.00 Full Service Dec 2018
Health Care and Social Assistance - - - Feb 2021
Karen Adams Acupuncture And Herbal Medicine Health Care and Social Assistance - - - -
Health Care and Social Assistance - - - Apr 2021
Ocean Psychological Services Health Care and Social Assistance - - - -
Palladin Productions Inc. Professional, Scientific, and Technical Services - - Full Service Oct 2021
Finance and Insurance - - - -
Services - - Full Service Dec 2022
Health Care and Social Assistance - - - Sep 2025
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4282-021-025
Land Assessment
$12,484,800
Improvements Assessment
$6,086,340
Total Assessment
$18,571,140
  • Listing ID: 36560767

  • Date on Market: 7/1/2025

  • Last Updated:

  • Address: 1448 15th St, Santa Monica, CA 90404

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