Santa Monica Blvd. @ 14th St.- Store Front

For Sale$3,426,600

1424 Santa Monica Boulevard, Santa Monica, CA 90404

  • Retail
  • Street Retail

Santa Monica Blvd. @ 14th St.- Store Front, Santa Monica, CA 90404 - Retail Space

Santa Monica Blvd. @ 14th St.- Store Front is located at 1424 Santa Monica Boulevard in the Mid-City Santa Monica neighborhood, CA, Santa Monica, 90404. The Retail building was completed in 1973 and features a total of 3,116 Sqft.

There are 10 retail spaces for lease in the Mid-City Santa Monica neighborhood, totaling of available retail space.

In 1973, the same year Santa Monica Blvd. @ 14th St.- Store Front was built, 680 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Santa Monica, featuring 7,232,564 square feet of commercial space. At zip code level, there are 50 commercial properties, of which 3 are retail buildings over 50,000 square feet.

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Details

  • Price $3,426,600
  • City Santa Monica
  • Neighborhood Mid-City Santa Monica
  • Zip Code 90404
  • Market Los Angeles
  • Property Type Retail - Street Retail
  • Property Size 3,116 Sqft
  • Lot Size 0.17 Acre
  • Year Built 1973
  • Date Updated 16 Jan, 2021

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Description

Marc Perlof Group of Keller Williams Commercial Santa Monica is exclusively pleased to present 1424 Santa Monica Boulevard in Santa Monica, CA currently occupied by The Hertz Corporation with a lease that expires May 21, 2022 with no additional options. 1424 Santa Monica Boulevard is an approximately 3,116 square foot building on approximately 7,500 square feet of land. The subject property is mid-block with about 10 on-site parking spaces in the rear of the property, a parking ratio of 3.20:1,000 square feet. The property is located on the South side of Santa Monica Boulevard between 14th Street and 15th Street. Santa Monica Boulevard is one of the major thoroughfares in Santa Monica and Los Angeles. It extends from the Beach to East Hollywood. The subject property will allow an Owner User to occupy the whole building or an Investor can add-value through lease up of the space once the current tenant vacates. Please contact the listing agent for more information.

Highlights

  • First Time On Market in 50+ Yearrs
  • Rare Santa Monica Boulevard Store Front Property
  • Owner User/ Value Add opportunity
  • Mid-block Location
  • Along Dealership Row in Santa Monica, California
  • Dense Infill Area (42,797 - 2020 - 1 mile, CoStar)
  • High Income Area ($121,944 - 2020 - 1 mile, CoStar)
  • High Traffic Count (35,995 VPD, CoStar)

FREQUENTLY ASKED QUESTIONS

What is the lease rate for Santa Monica Blvd. @ 14th St.- Store Front?

Rental asking rate at Santa Monica Blvd. @ 14th St.- Store Front is Subject To Offer per square foot.

What is the total square footage of Santa Monica Blvd. @ 14th St.- Store Front?

Santa Monica Blvd. @ 14th St.- Store Front totals 3,116 square feet.

When was this property built?

Santa Monica Blvd. @ 14th St.- Store Front was built in 1973.

Mid-City Santa Monica Demographics

The average household income in zip code 90404 is $115,404, from a total of 9,957 households. In terms of employment, there are 91.70 % white-collar and 8.30 % blue-collar jobs in zip code 90404.

Population

  • Total Population13,234
  • Male Population(50.5 %) 6,680
  • Female Population(49.5 %) 6,555
  • Median Age37.00

Income/Financial

  • Average Household Income$112,959
  • Median Household Income$80,612
  • Median Income Under 25$55,134
  • Median Income 25-44$116,784
  • Median Income 45-64$79,088
  • Median Income Over 65$28,688

Commercial Broker Register now to add listings

Marc Perlof

KW Commercial - Santa Monica

(310) 774-3721

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