Santa Monica Vacant Building
For Sale
Contact for pricing
1804 Lincoln Blvd, Santa Monica, CA 90404
Vacant 5,012 SF building on 6,982 SF land for sale.
Property Size5,012 SF
Lot Size0.16 Acres
Price / SF$568.64
Days on Market714
Property Features for 1804 Lincoln Blvd
General Information
Standard status
Active
Size
5,012 SF
Lot size
0.16 Acres
Property subtype
Office, Retail
Zoning
SMC4*
Investment Type
Owner/User
Building Details
Year Built
1945
Buildings
1
Stories
1
Listing Agency:
WESTMAC
Listed By:
T.C. Macker · License #CA 01232033
Source:
Crexi
Added: Nov 5, 2024
Changed: Oct 13
Last Checked: Oct 19 at 6:10AM
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
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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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,888
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,217,760
$2.2M
Cap Rate 7%
$1,584,114
$1.6M
Cap Rate 9%
$1,232,089
$1.2M
Market Conditions
NOI Build-Up for 5,012 SF
Gross rent
$169.6K $33.84/SF
− Vacancy
−$11.2K −$2.23/SF
EGI
$158.4K $31.61/SF
− OpEx
−$47.5K −$9.48/SF
NOI
$110.9K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,217,760
Cap Rate 7%
$1,584,114
Cap Rate 9%
$1,232,089
Alternative Uses
Best Use
Retail
$1.58M
$1.39M – $1.85M
NOI $110,888 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,838 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,449
Businesses Nearby
258k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 35%
Superstores 15%
Groceries 9%
Target
Superstores
38,703 visits/mo
0.5 miles
Chick-fil-A
Dining
30,006 visits/mo
0.3 miles
Trader Joe's
Groceries
23,003 visits/mo
0.5 miles
Starbucks
Dining
19,529 visits/mo
0.1 miles
ARCO
Shops & Services
15,597 visits/mo
0.2 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
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Fleurs Du Jour — 2525 Main St #105, Santa Monica, CA 90405
- Martha's Flowers — 1725 Ocean Ave, Santa Monica, CA 90401
- Water Studio — Santa Monica, CA 90401
- Bloom Boom — 500 Broadway #223, Santa Monica, CA 90401
- BloomNation — 1316 3rd St Suite 301, Santa Monica, CA 90401
Frequently Asked Questions
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 $2,850,000.
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).
