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Highlights

  • Six private parking spaces located behind the building.
  • Large open showroom with high ceilings and flexible layout.
  • Situated in a high-traffic corridor surrounded by retail and residential density.
  • Approximately 40 feet of Wilshire Boulevard frontage with strong visibility.
  • Basement storage of nearly 2,000 sq ft included in base rent.
  • Long-standing retail presence in the area, previously occupied for over 30 years.

Space Availability (1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor
  • 3,353 SF
  • Negotiable
  • $28.92 /SF/YR $2.41 /SF/MO $96,969 /YR $8,081 /MO
  • Modified Gross
Space Use
Retail
Build-Out
Shell Space
Availability
Now

See attached Flyer and Floor Plan for exact pricing and measurements. Space had a long term 30+ year tenant and is in need of Modernization/Renovation. Approximately ~4,466 square feet at $2.02 per square foot per month for a total Monthly Rent of $9,046.25 Basement: ~1995 square feet included in base rent at no cost.

  • Listed rate may not include certain utilities, building services and property expenses
  • Located in-line with other retail
  • Basement
  • Wilshire Blvd Street Frontage! Approx. ~40feet
  • 6 parking space! Private parking lot!
  • Lots of space! High Ceiling (approx. 10ft+)
  • Tons of Foot Traffic.
  • Located on Busy Wilshire Blvd in Santa Monica.
Space Size Term Rental Rate Rent Type
1st Floor 3,353 SF Negotiable $28.92 /SF/YR $2.41 /SF/MO $96,969 /YR $8,081 /MO Modified Gross

1st Floor

Size
3,353 SF
Term
Negotiable
Rental Rate
$28.92 /SF/YR $2.41 /SF/MO $96,969 /YR $8,081 /MO
Rent Type
Modified Gross
Space Use
Retail
Build-Out
Shell Space
Availability
Now

See attached Flyer and Floor Plan for exact pricing and measurements. Space had a long term 30+ year tenant and is in need of Modernization/Renovation. Approximately ~4,466 square feet at $2.02 per square foot per month for a total Monthly Rent of $9,046.25 Basement: ~1995 square feet included in base rent at no cost.

  • Listed rate may not include certain utilities, building services and property expenses
  • Located in-line with other retail
  • Basement
  • Wilshire Blvd Street Frontage! Approx. ~40feet
  • 6 parking space! Private parking lot!
  • Lots of space! High Ceiling (approx. 10ft+)
  • Tons of Foot Traffic.
  • Located on Busy Wilshire Blvd in Santa Monica.

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

Select Tenants at 2516 Wilshire Blvd, Santa Monica, CA 90403

  • Tenant
  • Description
  • US Locations
  • Reach
  • Ursula's Costumes
  • Unisex Apparel
  • 1
  • -
Tenant Description US Locations Reach
Ursula's Costumes Unisex Apparel 1 -

Property Facts

Total Space Available 3,353 SF
Property Type Retail
Property Subtype Freestanding
Gross Leasable Area 3,353 SF
Year Built 1955
Parking Ratio 1.79/1,000 SF

About the Property

This retail opportunity offers approximately 40 feet of frontage along Wilshire Boulevard, one of Santa Monica’s most active commercial corridors. The property features a large open showroom with high ceilings of approximately 10 feet, complemented by a rear space and basement storage included at no additional charge. Six private parking spaces are provided behind the building, ensuring convenience for both customers and staff. Located in a dense, high-traffic area, the site benefits from strong visibility and accessibility. The surrounding neighborhood is a vibrant mix of retail, dining, and residential communities, creating a steady flow of potential customers. With flexible floor plans and ample storage, this property is well-suited for a variety of retail uses.

  • Signage
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100

Nearby Major Retailers

Starbucks
Wells Fargo Bank
Veggie Grill
King's ATA Celebrity Martial Arts
Whole Foods
Trader Joe's
Ralphs
US Bank
Hummus Republic
Chase Bank
  • Listing ID: 38375141

  • Date on Market: 11/7/2025

  • Last Updated:

  • Address: 2516 Wilshire Blvd, Santa Monica, CA 90403

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