1556 20th Street, Santa Monica, CA

Property Type Office - Creative Office
Property Size 26,427 SF
Lot Size 0.53 Acre
Parking Spaces Avail. 66
Parking Ratio 2.50/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 2004

Location

Map
Street

City Santa Monica, CA
Neighborhood Mid-City Santa Monica
Zip Code 90404
Market Los Angeles

Contacts

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Owner

True Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 17 Jun, 2005
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Santa Monica

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Santa Monica Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $72.71
2020 Office Vacancy Rate 11.55%
2020 Office Completions (SF) 80,109

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Tax

Property Tax in 2021-2022 $201,624
Market Value* $17,346,961
Assessed Value $17,346,961

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1556 20th Street?

1556 20th Street totals 26,427 square feet.

When was this property built?

1556 20th Street was built in 2004.

When was 1556 20th Street last sold?

1556 20th Street was last sold on 17 Jun, 2005.

What is the property tax for 1556 20th Street?

The property tax for 1556 20th Street in 2021-2022 was $201,624.

What is the market value for 1556 20th Street?

The market value* for 1556 20th Street in 2021-2022 was $17,346,961.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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1556 20th Street, Santa Monica, CA 90404 - Office Space

1556 20th Street is located at 1556 20th Street in the Mid-City Santa Monica neighborhood, CA, Santa Monica, 90404. The Class B Office building was completed in 2004 and features a total of 26,427 SF.

There are 123 office spaces for lease in the Mid-City Santa Monica neighborhood, totaling 1,026,054 SF of available office space. The office space availability for the 90404 zip code is 1,120,693 SF, in 127 office spaces. The average asking office rent per SF in Mid-City Santa Monica is $51.13/SF/YR. For Class A office buildings the average office rate is $51.67/SF/YR, for Class B office buildings the average office rate is $55.55/SF/YR, for Class C office buildings the average office rate is $42.33/SF/YR.

In Mid-City Santa Monica, there are 29 class B office buildings. In Mid-City Santa Monica, there are a total of 11 LEED certified office buildings. In 2004, the same year 1556 20th Street was built, 13 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Santa Monica, featuring 1,674,837 square feet of commercial space. At zip code level, there are 50 commercial properties, of which 45 are office buildings over 50,000 square feet.

1556 20th Street