Retail Property on Wilshire
1415 Wilshire Blvd Santa Monica, CA
1415 Wilshire Blvd, Santa Monica, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Retail property available for sale on Wilshire Boulevard.
Property Size4,878 SF
Lot Size0.11 Acres
Price / SF$768.76
Days on Market811
Property Features for 1415 Wilshire Blvd
General Information
- Standard status
- Active
- Size
- 4,878 SF
- Lot size
- 0.11 Acres
- Property subtype
- RETAIL
Properties For Sale
at 1415 Wilshire Blvd Contact us
Listing agency
WESTMAC Commercial Brokerage Company
(310) 966-4352
Listed by
T.C. Macker · License #CA 01232033
Source
Moodyscre
Added: May 2, 2024 Updated: Jul 6 at 9:11AM Checked: Jul 21 at 7:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WESTMAC Commercial Brokerage Company
Investment Insights
Based on property information with market context.
A retail property is available for acquisition. The property, suitable for an owner-user or operator, will be delivered vacant. The building can be divided into two tenancies. The property has a size of 4878 square feet and is located on Wilshire Blvd in Santa Monica, CA.
Key Highlights
- Excellent opportunity to acquire a retail property.
- Single tenancy retail property.
- Delivered vacant, ideal for owner‑user or operator.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.1k | $33.84 |
| − Vacancy | −$10.9k | −$2.23 |
| EGI | $154.2k | $31.61 |
| − OpEx | −$46.3k | −$9.48 |
| NOI | $107.9k | $22.12 |
4,878 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $107,924 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,816 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Santa Monica Bay ...
Roofing Company
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail property available for sale on Wilshire Boulevard.
Where is this retail space located?
The property is located at 1415 Wilshire Blvd Santa Monica, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Excellent opportunity to acquire a retail property.; Single tenancy retail property.; Delivered vacant, ideal for owner‑user or operator.
