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903 Colorado Ave 16,045 SF 100% Leased Flex Building Santa Monica, CA 90401 $8,750,000 ($545.34/SF)
EXECUTIVE SUMMARY
RARE INVESTOR OPPORTUNITY
Excellent opportunity acquires a highly regarded creative office property featuring high-quality interior upgrades. Situated in one of the most dynamic creative office markets in Greater Los Angeles, the property is presently leased to the Tenant. Tenant has two (2) option to extend. The first is a two (2) year, two (2) months option with pre-agreed terms and an outside notice date of October 31, 2026. The second option to extend is a five (5) year option to extend at fair market rates.
MODERN CREATIVE BUILDOUT
The interior boasts a light and airy atmosphere with modern updates, including operable steel windows, skylights, exposed wood truss ceilings, and polished concrete floors. The layout offers a balanced combination of open workspaces and private offices, with a high bay area.
FIRST-CLASS LOCATION
The property has excellent accessibility to the 10 and 405 Freeways, as well as the 17th/SMC and 5th Street Metro Station, which is just a 10-minute walk away. Santa Monica is a city known for its rich tradition and diversity. Its historic background, central location, and coastal charm have positioned it as an economic hub. The city is distinguished by its lively commercial districts, upscale residential neighborhoods, renowned hospitals, recreational and cultural venues, major corporate headquarters, and thriving tech, media, and entertainment industries.
Excellent opportunity acquires a highly regarded creative office property featuring high-quality interior upgrades. Situated in one of the most dynamic creative office markets in Greater Los Angeles, the property is presently leased to the Tenant. Tenant has two (2) option to extend. The first is a two (2) year, two (2) months option with pre-agreed terms and an outside notice date of October 31, 2026. The second option to extend is a five (5) year option to extend at fair market rates.
MODERN CREATIVE BUILDOUT
The interior boasts a light and airy atmosphere with modern updates, including operable steel windows, skylights, exposed wood truss ceilings, and polished concrete floors. The layout offers a balanced combination of open workspaces and private offices, with a high bay area.
FIRST-CLASS LOCATION
The property has excellent accessibility to the 10 and 405 Freeways, as well as the 17th/SMC and 5th Street Metro Station, which is just a 10-minute walk away. Santa Monica is a city known for its rich tradition and diversity. Its historic background, central location, and coastal charm have positioned it as an economic hub. The city is distinguished by its lively commercial districts, upscale residential neighborhoods, renowned hospitals, recreational and cultural venues, major corporate headquarters, and thriving tech, media, and entertainment industries.
PROPERTY FACTS
| Price | $8,750,000 | Rentable Building Area | 16,045 SF |
| Price Per SF | $545.34 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1959 |
| Property Type | Flex | Parking Ratio | 1.16/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.33 AC | ||
| Zoning | M1 - Light Manufacturing | ||
| Price | $8,750,000 |
| Price Per SF | $545.34 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 0.33 AC |
| Rentable Building Area | 16,045 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.16/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1 - Light Manufacturing |
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Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 4282-029-009 | Improvements Assessment | $929,518 |
| Land Assessment | $285,122 | Total Assessment | $1,214,640 |
PROPERTY TAXES
Parcel Number
4282-029-009
Land Assessment
$285,122
Improvements Assessment
$929,518
Total Assessment
$1,214,640
CONTACTS
-
Keith Fielding -
Tibor Lody -
Tommy Isola -
Aleks Trifunovic -
Adam Levine -
Lee & Associates - West LA
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903 Colorado Ave
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