Santa Monica Vacant Building
1804 Lincoln Blvd Santa Monica, CA 90404
1804 Lincoln Blvd, Santa Monica, CA, 90404
Contact for pricing
For Sale
Contact for pricing
Vacant 5,012 SF building on 6,982 SF land for sale.
Property Size5,012 SF
Lot Size0.16 Acres
Price / SF$623.50
Days on Market623
Property Features for 1804 Lincoln Blvd
General Information
- Standard status
- Active
- Size
- 5,012 SF
- Lot size
- 0.16 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1945
Listing agency
WESTMAC
Listed by
T.C. Macker · License #CA 01232033
Source
Crexi
Added: Nov 5, 2024 Updated: Jul 10 at 3:41PM Checked: Jul 21 at 5:39AM
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
Investment Insights
Based on property information with market context.
The property at 1804 Lincoln Boulevard is a vacant single-story building with approximately 5,012 square feet of space on a lot of approximately 6,982 square feet. The building is in shell condition, offering an owner-user the opportunity to customize the space. A gated parking lot at the rear of the building provides space for approximately eight vehicles, supplemented by ample metered street parking. Situated on the signalized corner of Lincoln Boulevard and Michigan Avenue, the property is one block north of Pico Boulevard and one block from the 10 freeway, providing excellent accessibility. The E Line Station in Downtown Santa Monica is about a half mile away. The location boasts a Walk Score of 94 and a Bike Score of 92. It is less than a five-minute drive from both the beach and Santa Monica College. The property is located in the heart of Santa Monica, with Downtown to the north and Ocean Park to the south. Venice is approximately 10 minutes south, and Los Angeles International Airport is less than 30 minutes away.
Key Highlights
- Prime Santa Monica location on Lincoln Boulevard corner, near Downtown and Ocean Park.
- Excellent accessibility: one block from the 10 freeway and a half mile from the E Line Station.
- High Walk Score (94) and Bike Score (92).
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 | $169.6k | $33.84 |
| − Vacancy | −$11.2k | −$2.23 |
| EGI | $158.4k | $31.61 |
| − OpEx | −$47.5k | −$9.48 |
| NOI | $110.9k | $22.12 |
5,012 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.39M – $1.85M
NOI $110,888 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,838 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Vacant 5,012 SF building on 6,982 SF land for sale.
Where is this storefront property located?
The property is located at 1804 Lincoln Blvd Santa Monica, CA.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Prime Santa Monica location on Lincoln Boulevard corner, near Downtown and Ocean Park.; Excellent accessibility: one block from the 10 freeway and a half mile from the E Line Station.; High Walk Score (94) and Bike Score (92).
