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402 Santa Monica Blvd

Off-Market

402 Santa Monica Blvd, Santa Monica, CA 90401

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Retail - Street Retail
  • Property Size 54,566 Sqft
  • Lot Size 0.69 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1995

Location

  • City Santa Monica, CA
  • Neighborhood Downtown Santa Monica
  • Zip Code 90401
  • 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 10 Sep, 2009
  • Purchase Price
  • Arm's Length True
  • Buyer Name

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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/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 (Sqft) 80,109
View more Santa Monica market trends

Tax

  • Property Tax in 2021-2022 $447,218
  • Market Value $38,476,945
  • Assessed Value $38,476,945

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 402 Santa Monica Blvd?

402 Santa Monica Blvd totals 54,566 square feet.

When was this property built?

402 Santa Monica Blvd was built in 1995.

When was 402 Santa Monica Blvd last sold?

402 Santa Monica Blvd was last sold on 10 Sep, 2009.

What is the property tax for 402 Santa Monica Blvd?

The property tax for 402 Santa Monica Blvd in 2021-2022 was $447,218.

What is the market value for 402 Santa Monica Blvd?

The market value for 402 Santa Monica Blvd in 2021-2022 was $38,476,945.

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