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1501-1511 Wilshire 2 Retail Properties Offered at $11,500,000 in Santa Monica, CA
INVESTMENT HIGHLIGHTS
- Rare Redevelopment Opportunity with Prime Frontage and Visibility
- Strong Market Fundamentals and Long-Term Growth Potential
- Unmatched Access to Silicon Beach: A Premier Residential Demand Driver
- Irreplaceable Location in a High-Demand Coastal Market
- Alignment with City Objectives and Housing Needs
- Santa Monica Airport Closure Fueling Future Growth
EXECUTIVE SUMMARY
DOWNLOAD THE OM: https://www.collierswesternregion.com/land-development/for-sale/15011511-wilshire-santa-monica-california/35099165/
1501-1511 Wilshire is a premier 0.86-acre corner lot redevelopment opportunity in Santa Monica, California, boasting over 150 feet of frontage along Wilshire Boulevard and an ideal location across the street from the UCLA Medical Center.
Situated in the core of Santa Monica’s coveted Wilshire/Montana neighborhood and comprising two contiguous parcels with 10,113 square feet of existing vacant retail improvements, the site is ideally positioned for a mixed-use residential conversion that aligns with the city’s long-term urban planning goals and strong housing demand.
Santa Monica continues to outperform as a premier coastal market, driven by high barriers to entry, limited supply, and sustained demand from affluent renters and homebuyers alike. Multifamily fundamentals remain robust: Q1 2025 saw net absorption surge by 55.6%, while vacancy dropped by 1.2 percentage points year-over-year, reinforcing confidence in both near-term lease-up and long-term asset performance.
With zoning and market conditions increasingly favorable to higher residential density, 1501-1511 Wilshire offers an unmatched opportunity to reimagine a prime corner within one of California’s most prestigious markets.
1501-1511 Wilshire is a premier 0.86-acre corner lot redevelopment opportunity in Santa Monica, California, boasting over 150 feet of frontage along Wilshire Boulevard and an ideal location across the street from the UCLA Medical Center.
Situated in the core of Santa Monica’s coveted Wilshire/Montana neighborhood and comprising two contiguous parcels with 10,113 square feet of existing vacant retail improvements, the site is ideally positioned for a mixed-use residential conversion that aligns with the city’s long-term urban planning goals and strong housing demand.
Santa Monica continues to outperform as a premier coastal market, driven by high barriers to entry, limited supply, and sustained demand from affluent renters and homebuyers alike. Multifamily fundamentals remain robust: Q1 2025 saw net absorption surge by 55.6%, while vacancy dropped by 1.2 percentage points year-over-year, reinforcing confidence in both near-term lease-up and long-term asset performance.
With zoning and market conditions increasingly favorable to higher residential density, 1501-1511 Wilshire offers an unmatched opportunity to reimagine a prime corner within one of California’s most prestigious markets.
PROPERTY FACTS
| Price | $11,500,000 | Number of Properties | 2 |
| Price / SF | $1,137 / SF | Individually For Sale | 0 |
| Sale Condition | High Vacancy Property | Total Building Size | 10,116 SF |
| Sale Type | Investment | Total Land Area | 0.86 AC |
| Status | Active |
| Price | $11,500,000 |
| Price / SF | $1,137 / SF |
| Sale Condition | High Vacancy Property |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,116 SF |
| Total Land Area | 0.86 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1501 Wilshire Blvd, Santa Monica, CA 90403 | Retail | 6,816 SF | 1932 | - |
| 1511 Wilshire Blvd, Santa Monica, CA 90403 | Retail | 3,300 SF | 1950 | - |
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