Listed by Robert Renshaw - DRE #01332831 - REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500 Listing Courtesy of: DRE #01366169
$4,950,000 affordable loan icon Calculate Payment

1306 Wilshire Boulevard Santa Monica, CA 90403

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General Commercial Residence
Beds
Baths
5,720 Sq. Ft.
0.24 Acre Lot

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Last updated on 11/25/2024 10:29 PM
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 Mi...d-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. Continue reading
MLS#
24456619
Property Type
General Commercial
Status
Active Under Contract
Year Built
1948
Square Feet
5,720 sq. ft
Lot Size
0.24

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Listed by Robert Renshaw - DRE #01332831 - REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500 Listing Courtesy of: DRE #01366169
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 11/25/2024 10:29 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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