Iconic Santa Monica Corner
For Sale
$26,000,000
1670 Lincoln Boulevard Santa, Santa Monica, CA 90404
High-profile corner location with significant exposure and unlimited potential.
Property Size4,800 SF
Lot Size0.51 Acres
Price / SF$5,416
Days on Market185
Property Features for 1670 Lincoln Boulevard Santa
General Information
Standard status
Active
Size
4,800 SF
Lot size
0.51 Acres
Property subtype
Retail
Listing Agency:
RE/MAX Aerospace Realty
(213) 298-3593
Listed By:
Bill Bauman · License #CA RE Lic. #00969493
Source:
Nmrk
Added: Jan 27
Changed: Jul 6
Last Checked: Jul 31 at 3:46AM
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 RE/MAX Aerospace Realty
Investment Insights
Based on property information with market context.
Located at the hard corner of Lincoln Boulevard and Olympic Boulevard in Santa Monica, California, this 0.51-acre property is the site of the iconic Mel’s Drive-In. The location benefits from its position at the primary on/off access to the Santa Monica 10 Freeway. The existing improvements total approximately 4,800 square feet. Leased through June 2029, the property offers a new owner the potential to leverage the exposure and identity of this corner parcel. The site benefits from prominent existing signage and the potential to enhance signage, providing opportunities to monetize the over 188,000 vehicles per day passing by. The location is ideal for an owner-user or corporation looking to maximize their exposure in a market with strong retail, entertainment, residential, and office fundamentals. Significant growth and institutional capital investment and development are occurring around the property. Tishman Speyer is delivering 614 residential units in Santa Monica, with 98 luxury units directly next door. Santa Monica is expected to play a pivotal role in the upcoming 2028 Summer Olympic Games and is expected to host multiple Olympic games. Los Angeles is expected to see over 15 million additional visitors for the 2028 Games, estimated to have an approximate $11 billion economic impact.
Key Highlights
- Iconic Location: Situated at the hard corner of Lincoln Blvd (PCH 1) and Olympic Blvd.
- High Traffic Exposure: Positioned at the primary on/off ramp of the Santa Monica (I‑10) Freeway, with 188,000 cars per day.
- Strong Lease in Place: Leased through June 2029, providing immediate income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,689
Businesses Nearby
291k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 31%
Superstores 13%
Groceries 8%
Target
Superstores
38,703 visits/mo
0.4 miles
Chick-fil-A
Dining
30,006 visits/mo
0.4 miles
Trader Joe's
Groceries
23,003 visits/mo
0.4 miles
Starbucks
Dining
19,529 visits/mo
0.2 miles
Jack in the Box
Dining
17,159 visits/mo
0.5 miles
Demographics for 90404, CA
21,995
Population
11,499
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
10,998
Density / Sq Mi
$85,081
Median Household Income
$66,349
Median Earnings
$2,095
Median Rent
$1,159,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - High-profile corner location with significant exposure and unlimited potential.
Where is this drive through restaurant located?
The property is located at 1670 Lincoln Boulevard Santa Santa Monica, CA.
What is the asking price?
The asking price for this property is $26,000,000.
What are key features of this property?
This property features: Iconic Location: Situated at the hard corner of Lincoln Blvd (PCH 1) and Olympic Blvd.; High Traffic Exposure: Positioned at the primary on/off ramp of the Santa Monica (I‑10) Freeway, with 188,000 cars per day.; Strong Lease in Place: Leased through June 2029, providing immediate income.
