This is an exceptional investment opportunity in the highly sought-after area of Santa Monica, situated on a bustling main street with excellent visibility and high foot traffic. The property is currently operating as a MARKET, featuring a fully renovated commercial kitchen with a hood, sink, grease interceptor, walk-in cooler & freezer, new plumbing, A/C, new lighting, and a 50-foot walk-in cooler & freezer. The property also boasts new front windows and an inviting outdoor front patio. With 8 parking spaces and its proximity to Santa Monica Beach, shopping districts, the airport, and major freeways, this location offers unmatched convenience. The space comes with a valuable liquor license, and with R3 zoning, it can easily be converted into a residential unit, providing versatility for investors. The property will be delivered vacant at close of escrow, offering immediate flexibility for your next venture. Don’t miss out on this rare opportunity! Call the agent for more information and to schedule a tour.
UPDATED 10-UNIT BUILDING IN SANTA MONICA This property has been completely renovated with new stucco. Prime Santa Monica Location. Close to restaurants and the beach. 7 vacant units available for rental at market price. Covered parking for 10 cars. Washer and dryer on premises. New renovations including: Freshly painted building with dual-pane windows. New roof within the last two years. New plumbing and electrical work. New earthquake valves and soft story retrofit work. New cabinets, counters, sinks, and faucets in most units. Some units have new tile, and all are freshly painted. Most bathrooms have had total or partial remodels.New appliances in 7 units. Several units have been rented are other units are currently being made available for rent. Pro-forma CAP Rate over 5!
Prime retail space opportunity at 2011 Lincoln Blvd, Santa Monica! This high-visibility storefront, currently a motorcycle dealership, offers an exceptional location with significant traffic exposure on Lincoln Blvd. The property features a spacious showroom with wall-to-wall windows, high exposed ceilings, and a showcase gallery ambiance. It includes a service department and rear parking for added convenience. Ideal for retail businesses seeking maximum visibility and a modern, open layout. Don’t miss this chance to establish your business in one of Santa Monica’s most vibrant commercial corridors!
100% VACANT - mixed use, Bar-Restaurant on the ground floor with a 2 bed 1 bath residential upstairs. Previously the home of LA Draughts and Santino's restaurant. In 2009 the building was virtually demolished due to a fire and it was rebuilt from the ground up to the 2009 building codes, including earthquake retrofitting, 750 Grease trap installed, Fire Sprinkler system, Infiltration pits, Air Conditioning, ADA approved (as of final inspection date). open flame cooking with hood. This property is ready to go for either fine dining or fast food. Seller and previous tenant states that the entire rear patio, including the 3 parking spaces is permitted for a patio. Permitted for 2 outdoor tables at front of property. All tenants previous tenants have had a beer and wine license. The property is grandfathered for the exemption for off license alcohol sales. Roofing was recently coated. This is a very rare opportunity to own a bar restaurant / residential delivered vacant in Santa Monica, across the street from Whole foods on Lincoln Blvd in the heart of Santa Monica. As of April 13th 2024 the city of Santa Monica issued an "Alcohol Determination zoning conformance review" for a State ABC type 47 Alcohol license
The median home value in Santa Monica, CA is $1,656,900. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Santa Monica, CA is $1,656,900. Approximately 25.36% of Santa Monica homes are owned, compared to 63.49% rented, while 11.15% are vacant. Santa Monica real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Santa Monica real estate agent to arrange a tour today!
Santa Monica, California 90405 has a population of 92,828. Santa Monica 90405 is less family-centric than the surrounding county with 27.41% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Santa Monica, California 90405 is $99,847. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Santa Monica 90405 is 41.4 years.
The average high temperature in July is 73.5 degrees, with an average low temperature in January of 49.3 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.