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    Santa Monica, CA Commercial Real Estate for Sale

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    Santa Monica Development Opportunity
    Updated: Apr 24
    Santa Monica Development Opportunity

    3024 Pico, Santa Monica, CA 90405

    $3,350,000
    17,550 sqft
    Rare three‑property development assembly in Santa Monica's Sunset Park neighborhood.
    17,550 sq ft of land with 150 feet of frontage on Pico Boulevard.
    Santa Monica Neighborhood Commercial (NC) zoning allows for flexible mixed‑use development.
    Immediate, diversified cash flow from existing retail, office, and residential tenants.
    High Walk Score (81) and Bike Score (95) offer convenient access to amenities.
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    This listing looks promising.

    Here's a quick look at some key insights for

    3024 Pico, Santa Monica, CA 90405

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    • Est. Cap Rate

      8.4%
      Above avg (5.9%)

    • Est. NOI

      $282K
      Annual

    • Mortgage

      $350K
      May 2023

    • Property Type

      Apartment House
      Built 1957
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    Prime Commercial Asset in Santa Monica
    Updated: May 15
    Prime Commercial Asset in Santa Monica

    2803 Main St, Santa Monica, CA 90405

    $2,695,000
    1,928 sqft 0.11 AC lot
    RTI permit for a second‑floor addition, expanding leasable area to 3,363 SF.
    Prime commercial location on Main Street in Ocean Park.
    Exceptional visibility with 50 feet of frontage.
    Rare private parking lot with curb cut.
    Proximity to the beach, Rose Avenue, and Abbot Kinney Boulevard.
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    Live-Work Triplex Residences
    Live-Work Triplex Residences

    1411 Cloverfield Blvd, Santa Monica, CA 90404

    $2,895,000
    4,098 sqft 0.05 AC lot

    Three reimagined live-work units with private outdoor space, central HVAC, and secure off-street parking in Santa Monica.

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    Freestanding Two-Story Office Building
    Freestanding Two-Story Office Building

    2951 Lincoln Blvd, Santa Monica, CA 90405

    $2,350,000
    2,810 sqft 0.10 AC lot

    Two-story freestanding office with a flexible shell, new roof, and 10 dedicated on-site parking spaces.

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    Freestanding Retail Building in Santa Monica
    Freestanding Retail Building in Santa Monica

    431 Wilshire Blvd, Santa Monica, CA 90403

    $4,790,000
    4,996 sqft 0.11 AC lot

    Freestanding retail building in Downtown Santa Monica for sale.

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    Santa Monica Development Site Opportunity
    Santa Monica Development Site Opportunity

    1637 Stanford St, Santa Monica, CA 90404

    $6,000,000
    0.53 AC lot

    Rare 23,134 SF development site in prime Santa Monica location.

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    Turn-Key Restaurant with Commercial Kitchen
    Turn-Key Restaurant with Commercial Kitchen

    2305 Ocean Park, Santa Monica, CA 90405

    $2,500,000

    Renovated, vacant restaurant space with an equipped kitchen, walk-in cooler/freezer, patio, and on-site parking.

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    Multifamily Development Assembly
    Multifamily Development Assembly

    3024 Pico Boulevard, Santa Monica, CA 90405

    $3,350,000

    Three contiguous lots offer a fully tenanted 6-unit residence plus retail and office buildings, zoned SM NC/R2.

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    Montana Avenue Retail Investment
    Montana Avenue Retail Investment

    1031 Montana Ave, Santa Monica, CA 90403

    $6,995,000
    2,929 sqft 0.12 AC lot

    Fully leased, single-tenant NNN retail property on Montana Avenue.

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    Iconic Santa Monica Corner Parcel
    Iconic Santa Monica Corner Parcel

    1670 Lincoln Boulevard, Santa Monica, CA 90404

    $26,000,000
    4,800 sqft 0.51 AC lot

    High-profile corner location with significant exposure and unlimited potential.

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    Santa Monica Renovated Office Building
    Santa Monica Renovated Office Building

    1556 17th Street, Santa Monica, CA 90404

    $5,995,000
    6,407 sqft

    Unique, renovated office building with mezzanine and patio in Santa Monica.

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    Religious Facility Property
    Religious Facility Property

    836-844 Cedar Street, Santa Monica, CA 90405

    $3,500,000
    7,539 sqft

    For sale religious facility property covering 836 through 844 Cedar Street in Santa Monica, California.

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    Santa Monica Retail Investment Opportunity
    Santa Monica Retail Investment Opportunity

    1427 4th St, Santa Monica, CA 90401

    $28,175,000
    24,705 sqft 0.38 AC lot

    Single tenant West Elm property in prime Santa Monica location.

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    Santa Monica Owner User Compound
    Santa Monica Owner User Compound

    1762 14th St, Santa Monica, CA 90404

    $4,995,000
    4,916 sqft

    Renovated office compound in Santa Monica's West Olympic Corridor.

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    Two-Story Office Building Corner
    Two-Story Office Building Corner

    2325 Wilshire Boulevard, Santa Monica, CA 90403

    $4,999,000
    6,000 sqft

    Two-story 6,000 SF office building on a prominent corner, zoned SMC6 and configured with private offices and open areas.

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    Single-Tenant Net Leased Retail
    Single-Tenant Net Leased Retail

    1251 4th Street, Santa Monica, CA 90401

    $20,218,000
    32,000 sqft 0.32 AC lot

    Coastal TJ Maxx on a signalized corner in Santa Monica’s retail core, anchored by a long-standing single-tenant lease.

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    Creative Office Building in Santa Monica
    Creative Office Building in Santa Monica

    1646 19th St, Santa Monica, CA 90404

    $7,450,000
    8,256 sqft 0.18 AC lot

    Creative office building in Santa Monica's Media District for sale.

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    Corner Standalone Industrial Building
    Corner Standalone Industrial Building

    2948 Colorado Ave, Santa Monica, CA 90404

    $9,519,120
    16,272 sqft

    Standalone building with bow truss roof in Bergamot area.

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    Oceanfront Retail Asset Opportunity
    Oceanfront Retail Asset Opportunity

    1755 Ocean Ave, Santa Monica, CA 90401

    $17,000,000
    19,582 sqft

    Oceanfront retail property in Santa Monica with value-add opportunity.

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    Freestanding Restaurant in Sunset Park
    Freestanding Restaurant in Sunset Park

    3221 Pico, Santa Monica, CA 90404

    $1,995,000
    2,250 sqft 0.06 AC lot

    2,250 SF restaurant in Santa Monica's Sunset Park.

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    Single-Story Flex Industrial Building
    Single-Story Flex Industrial Building

    2319 Michigan Avenue, Santa Monica, CA 90404

    $5,000,000
    10,016 sqft

    Single-story industrial/commercial property built in 1953 with flexible warehouse and automotive-related use.

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    Retail Space For Sale
    Retail Space For Sale

    2510 Main St, Santa Monica, CA 90405

    $129,000
    650 sqft

    Retail space available, approximately 650 square feet.

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    Santa Monica Commercial Property
    Santa Monica Commercial Property

    3115-3123 Santa Monica Blvd, Santa Monica, CA 90404

    $4,500,000
    5,472 sqft

    Commercial property available for sale in Santa Monica, California.

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    Light Manufacturing & Studio District Development Site
    Light Manufacturing & Studio District Development Site

    1637 Stanford Street, Santa Monica, CA 90404

    $6,000,000
    23,134 sqft

    Four-parcel development site zoned SMLMSD, with preliminary plans explored for a 71-unit 100% affordable housing project.

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    Santa Monica, CA Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Santa Monica, CA, showcased through 58 active listings on our real estate platform. These investment opportunities span a total of 2,875,838 square feet of properties for sale, with an estimated market value of $262,994,120.

    Sale prices for business properties in Santa Monica, CA start at $60,000, averaging $6,116,142, and reaching up to $28,175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 94K
    Population Growth (5Y) +0.4%
    Median Household Income $116,661
    College Educated 46.0%

    High-Yield Neighborhoods for Investment

    Identify Santa Monica submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    90405 $4M
    90403 $4M
    90404 $4.4M
    90402 $7.5M
    90401 $20.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $5.19 per SF
    Tax Rate vs County Average 0.07 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Los Angeles County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Los Angeles County

    Retail

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Santa Monica fall within the 5,000 to 10,000 square foot range.

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    Most Searched ZIP Codes in Santa Monica, CA

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    • 90404
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