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Historic Mixed-Use Property
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1248 5th St, Santa Monica, CA 90406

Two-story historic building with existing retail space and a residential redevelopment concept.

Property SizeContact for details
Days on Market144

Property Features for 1248 5th St

General Information

Standard status Active
Property subtype Office

Building Details

Buildings 1
Stories 2
Listing Agency: Lee & Associates - Los Angeles - West
Listed By: Conor Halloran · License #02085970
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 12:57PM

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 Lee & Associates - Los Angeles - West

Investment Insights

Based on property information with market context.

Located at 1248 5th Street in Santa Monica, this two-story historic building contains 32,900 square feet of existing retail space. Preserved interior details contribute to the property’s architectural character, while the multi-level layout supports its mixed-use profile.

The property is situated in Downtown Santa Monica, near shops, restaurants, nightlife, and other attractions, with access to the area’s technology and creative community. A March 2023 Housing Element update is cited as the basis for a concept to develop 157 residences above or alongside the existing retail component. The offering comprises the 100% fee simple interest in the property.

Key Highlights

  • 32,900 square feet of existing retail space
  • Concept for 157 residences under Santa Monica’s March 2023 Housing Element update
  • Two‑story historic building with preserved interior details

Property Analytics

Current Use

Aid Still Required Charitable Organization TONY OFHOLLYWOOD Marketing & Advertising Amazing Bumper Auto Parts Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Grocery & Convenience Store Restaurant Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9,465
Businesses Nearby
473k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 35% Apparel 30% Shops & Services 14% Superstores 8%
Target Superstores
38,703 visits/mo 0.3 miles
T.J. Maxx Apparel
31,827 visits/mo 0.1 miles
Hillstone Dining
26,824 visits/mo 0.3 miles
Nordstrom Apparel
25,648 visits/mo 0.4 miles
Trader Joe's Groceries
23,003 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story historic building with existing retail space and a residential redevelopment concept.
Where is this mixed-use property located?
The property is located at 1248 5th St Santa Monica, CA.
What are key features of this property?
This property features: 32,900 square feet of existing retail space; Concept for 157 residences under Santa Monica’s March 2023 Housing Element update; Two‑story historic building with preserved interior details
(310) 899-2730 Call to check price and availability
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