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$ 4,950,000
Est. payment /mo
Active Under Contract
1306 Wilshire BLVD Santa Monica, CA 90403
10,506 Sqft Lot
UPDATED:
12/05/2024 05:15 AM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 24456619
HOA Y/N No
Year Built 1948
Lot Size 10,506 Sqft
Property Description
We are pleased to offer for sale the rare investment opportunity to acquire a multi-tenant retail building in the epicenter of the famed coastal city of Santa Monica. 1306 Wilshire Blvd sits prominently on the highly trafficked signalized intersection of Wilshire Blvd and Euclid St in the popular Mid-City area of Santa Monica. Bordered by two major thoroughfares, Wilshire and Olympic Boulevards, and two E Line stations, the Mid-City area in Santa Monica is an easily accessible neighborhood known for its arts and entertainment offerings as well as top-notch eateries. Available to be purchased for the first time in decades, the property consists of 5,720 square feet situated on a 10,504 gross square foot corner lot with on-site parking for 10 vehicles. The parcel is zoned Santa Monica C6* within the highly desirable Mixed-Use Boulevard District. Due to its location, the property offers a wide variety of potential uses. Current tenants include the popular La Monarca Bakery as well as a hair salon, pet clinic, and tutor center. All tenants are long term on NNN leases, and there remains significant untapped rental upside for a new owner. Within walking distance to the beach, high-end dining, and nightlife, 1306 Wilshire Blvd presents an astute investor with the quintessential opportunity to acquire a prestigious turnkey retail asset located in one of the most high-profile locations in Los Angeles. NOTE: One unit at the property was previously occupied by a tenant operating a dry cleaning business. Testing was performed to determine if any vapor intrusion was detected. The reports related to this testing will be provided to prospective buyers and their agents.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMC6*
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Building
Story 1
Others
Tax ID 4282004020
Special Listing Condition Standard
Listed by Robert Renshaw • REMAX COMMERCIAL & INVESTMENT REALTY