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1548-1550 18th St 5,570 SF 100% Leased Office Building Santa Monica, CA 90404 $4,000,000 ($718.13/SF)



INVESTMENT HIGHLIGHTS
- Positioned in Santa Monica’s Mid-City corridor with direct access to Olympic Boulevard, Santa Monica Boulevard, and the Metro E Line station.
- Located in a high-income area with a median household income of $139,797 within a 1-mile radius and a Walk Score of 86 and Bike Score of 98.
- Half of the building is leased to Salinas Music through April 2029, while the remaining space will be delivered vacant for owner-user flexibility.
- Surrounded by major institutions including Santa Monica College, UCLA Health, and creative office campuses.
EXECUTIVE SUMMARY
WESTMAC Commercial Brokerage Company presents an exclusive opportunity to acquire 1548-1550 18th Street, a ±5,570 SF single-story commercial building located in Santa Monica’s Mid-City corridor. This property offers a compelling owner-user or investment scenario, with approximately half the building (±2,904 SF) delivered vacant and the other half leased to Salinas Music through April 2029.
Built in 1959 and last renovated in 1968, the building sits on a ±7,500 SF lot and is zoned SMM1*/IC for commercial use. The site benefits from excellent connectivity—just blocks from Olympic Boulevard and near the Metro E Line station at 18th and Colorado. It boasts a Walk Score of 86 and a Bike Score of 98, underscoring its accessibility and appeal.
Surrounding amenities include Santa Monica College, UCLA Health, and a mix of creative office campuses and residential neighborhoods. Within a 1-mile radius, the median household income is $139,797 and the population exceeds 42,000, reinforcing the area’s long-term commercial viability.
This property represents a rare chance to own in one of Southern California’s most desirable coastal markets, offering both immediate utility and long-term upside.
Built in 1959 and last renovated in 1968, the building sits on a ±7,500 SF lot and is zoned SMM1*/IC for commercial use. The site benefits from excellent connectivity—just blocks from Olympic Boulevard and near the Metro E Line station at 18th and Colorado. It boasts a Walk Score of 86 and a Bike Score of 98, underscoring its accessibility and appeal.
Surrounding amenities include Santa Monica College, UCLA Health, and a mix of creative office campuses and residential neighborhoods. Within a 1-mile radius, the median household income is $139,797 and the population exceeds 42,000, reinforcing the area’s long-term commercial viability.
This property represents a rare chance to own in one of Southern California’s most desirable coastal markets, offering both immediate utility and long-term upside.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,570 SF
Building Class
C
Year Built
1959
Price
$4,000,000
Price Per SF
$718.13
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,570 SF
Slab To Slab
11’
Building FAR
0.74
Lot Size
0.17 AC
Zoning
SMM1*
Parking
4 Spaces (0.72 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 4275-012-011 | Improvements Assessment | $384,996 |
| Land Assessment | $2,047,716 | Total Assessment | $2,432,712 |
PROPERTY TAXES
Parcel Number
4275-012-011
Land Assessment
$2,047,716
Improvements Assessment
$384,996
Total Assessment
$2,432,712
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1548-1550 18th St
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