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431 Wilshire Blvd 4,996 SF Retail Building Santa Monica, CA 90401 $4,790,000 ($958.77/SF)
Executive Summary
Lee & Associates is pleased to present 431 Wilshire Boulevard, a freestanding retail building located at the signalized intersection of Wilshire Boulevard and 5th Street in
Downtown Santa Monica.
The property consists of approximately ±4,996 square feet plus ±1,000 square feet of mezzanine office space situated on a ±4,996 square foot parcel. Originally constructed
in 1954, the building offers strong corner visibility, dual street frontage, and immediate proximity to the 3rd Street Promenade, Ocean Avenue, and surrounding residential
density.
The asset is currently vacant, providing flexibility for an owner-user seeking long-term occupancy control or an investor looking to reposition and lease the property in one of
Southern California’s most supply-constrained coastal markets.
Downtown Santa Monica.
The property consists of approximately ±4,996 square feet plus ±1,000 square feet of mezzanine office space situated on a ±4,996 square foot parcel. Originally constructed
in 1954, the building offers strong corner visibility, dual street frontage, and immediate proximity to the 3rd Street Promenade, Ocean Avenue, and surrounding residential
density.
The asset is currently vacant, providing flexibility for an owner-user seeking long-term occupancy control or an investor looking to reposition and lease the property in one of
Southern California’s most supply-constrained coastal markets.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,996 SF
Building Class
C
Year Built
1954
Price
$4,790,000
Price Per SF
$958.77
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.11 AC
Zoning
C3 - Unlimited Commercial Zone - designed for high intensity, regional commercial activities that generate significant employment and traffic
Parking
10 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4292-013-010 | Improvements Assessment | $1,673,277 |
| Land Assessment | $7,250,871 | Total Assessment | $8,924,148 |
Property Taxes
Parcel Number
4292-013-010
Land Assessment
$7,250,871
Improvements Assessment
$1,673,277
Total Assessment
$8,924,148
1 of 6
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431 Wilshire Blvd
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