Divisible Single-Tenant Retail
For Sale
Contact for pricing
1415 Wilshire Blvd, Santa Monica, CA 90403
Vacant retail building offered as single tenancy, with the option to divide into two spaces.
Property Size4,878 SF
Price / SF$768.76
Days on Market821
Property Features for 1415 Wilshire Blvd
General Information
Standard status
Active
Size
4,878 SF
Property subtype
RETAIL
Listing Agency:
WESTMAC Commercial Brokerage Company
(310) 966-4352
Listed By:
T.C. Macker · License #CA 01232033
Source:
Moodyscre
Added: May 2, 2024
Changed: Jul 28
Last Checked: Jul 28 at 10:04AM
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.
This retail property is being offered for sale as a single-tenancy building, with the additional option that the building can be divided into two. The property will be delivered vacant, providing flexibility for an owner-user or operator to design and position the space for its intended use.
Located at 1415 Wilshire Blvd in Santa Monica, CA, the property is presented as an acquisition opportunity for buyers seeking a standalone retail asset that can be configured as one or split into two units.
The building’s core utility is straightforward: a vacant retail structure suited to either single occupancy or a two-part configuration, depending on the buyer’s needs.
Located at 1415 Wilshire Blvd in Santa Monica, CA, the property is presented as an acquisition opportunity for buyers seeking a standalone retail asset that can be configured as one or split into two units.
The building’s core utility is straightforward: a vacant retail structure suited to either single occupancy or a two-part configuration, depending on the buyer’s needs.
Key Highlights
- Vacant retail building delivered vacant for an owner‑user or operator
- Offered as single tenancy retail building
- Building can be divisible by two, creating the option to divide into two spaces
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,737
Businesses Nearby
261k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 21%
Dining 20%
Superstores 14%
Target
Superstores
36,047 visits/mo
0.1 miles
VONS
Groceries
34,674 visits/mo
0.3 miles
Whole Foods Market
Groceries
34,014 visits/mo
0.4 miles
Trader Joe's
Groceries
31,136 visits/mo
0.4 miles
Chevron
Shops & Services
11,759 visits/mo
0.4 miles
Demographics for 90403, CA
25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- BloomNation — 1316 3rd St Suite 301, Santa Monica, CA 90401
- Anuheas Florist & Flower Delivery Santa Monica CA — 1305 2nd St, Santa Monica, CA 90401, United States
- Dand Florist & Flower Delivery Santa Monica CA — 1355 4th St, Santa Monica, CA 90401
- Flower Delivery Santa Monica — 623 santa monica blvd, santa monica, ca 90401
- Sammy’s Blossoms — 1834 Michigan Ave, Santa Monica, CA 90404
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant retail building offered as single tenancy, with the option to divide into two spaces.
Where is this storefront property 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: Vacant retail building delivered vacant for an owner‑user or operator; Offered as single tenancy retail building; Building can be divisible by two, creating the option to divide into two spaces
