Oceanfront Retail Asset
1755 Ocean Ave, Santa Monica, CA 90401
Oceanfront retail property in Santa Monica with value-add opportunity.
Type:Mixed Use, Retail
Property size:
19,582 SFPrice / SF:
$918/SF- Added:
- Feb 3, 2026
- Days on Market:
- 97
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1755 Ocean Ave
General Information
- Standard status
- Active
- Size
- 19,582 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 2014
Listing agent Bryan Ley License #1458927
Listing office Northmarq - LA
Listing date Feb 3, 2026
Source Crexi
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 Northmarq - LA
HighLights
- Oceanfront retail property in a prime Santa Monica location, beneath prestigious condominiums.
- Strategic location near Santa Monica Pier and Third Street Promenade, benefiting from high foot traffic.
- Long‑term prepaid ground lease with 86 years remaining.
- Value‑add opportunity through re‑leasing the former Starbucks space (12% of GLA) and leasing the remaining 11% of GLA.
- Stable in‑place income with 89% occupancy and a curated tenant mix aligned with the Santa Monica demographic.
- Located in a revitalizing downtown Santa Monica with over $1B in investment and zoning reforms.
Overview
The property at 1705 & 1755 Ocean Avenue is comprised of oceanfront retail assets totaling 19,582 square feet. Situated beneath the Waverly and Seychelle condominiums, the property is positioned on an original 99 year prepaid ground lease with 86 years of term remaining. It is anchored by luxury condominiums and surrounded by Santa Monica’s lifestyle amenities. Located one block from the beach, the property has visibility and foot traffic, with proximity to the Santa Monica Pier and Third Street Promenade. The property is currently 89% occupied and leased to a collection of food, health & wellness and lifestyle oriented tenants. There is a value-add opportunity through re-leasing the former Starbucks space, which represents approximately 12% of the property’s GLA. Leasing the remaining 2,153 square feet, 11% of GLA, offers further potential to enhance cash flow. Santa Monica is revitalizing its downtown through zoning reforms, streamlined permitting, and the creation of an “Entertainment Zone” to attract diverse tenants and nightlife. With over $1B in investment, including new hotels, housing, and major tenants, these efforts aim to restore vibrancy and long-term economic strength to the city’s core.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Zipcar
Car Rental Facility
BoxUnion Santa Monica
Gym & Fitness Center
URBAN Living Real ...
Real Estate Agency
FITOOR Santa Monica
Restaurant
Blink Charging Station
Electric Vehicle Charging Station
Similar Places Nearby
- LA Click Adventures — 1200 CA-1, Santa Monica, CA 90401
- Seasons By — 1354 3rd Street Promenade, Santa Monica, CA 90401
- Beach Signs & more — Santa Monica, CA 90401
- Santa monica — 320 santa monica pier, santa monica, ca 90401
- Promenade Street — 1415 3rd Street Promenade, Santa Monica, CA 90401
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.4917301
- Latitude
- 34.0092301
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Oceanfront retail property in Santa Monica with value-add opportunity.
Where is this shopping center located?
The property is located at 1755 Ocean Ave Santa Monica, CA.
What is the asking price?
The asking price for this property is $17,995,000.
What are key features of this property?
This property features: Oceanfront retail property in a prime Santa Monica location, beneath prestigious condominiums.; Strategic location near Santa Monica Pier and Third Street Promenade, benefiting from high foot traffic.; Long‑term prepaid ground lease with 86 years remaining.
