Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Asset in Santa Monica Title is generated by Realmo AI

    2803 Main St, Santa Monica, CA 90405

    View on Map
    Claim this Listing
    New
    For Sale
    $2,695,000

    MULTI_FAMILY - Santa Monica, CA

    Property size:
    1,928 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $1,397/SF
    Added:
    May 15, 2026
    Days on Market:
    7
    Last Refresh:
    May 21 at 1:06 pm

    Property Features for 2803 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    SMCM2*
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    4
    Parking features
    Driveway
    Standard status
    Active
    APN
    4288-003-048
    Size
    1,928 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Electric, Heat Pump

    Building Details

    Year built
    1993
    Floors in Building
    2
    Number of units
    1
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Jesse Weinberg
    Jesse Weinberg

    Listing agent Jesse Weinberg License #01435805

    Listing office Jesse Weinberg 444 Culver Blvd., Playa Del Rey, CA

    Listing date May 15, 2026

    MLS# 26835003 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial asset on Main Street in Santa Monica's Ocean Park.
    • Ready‑To‑Issue (RTI) renovation permit for a second‑floor addition, increasing leasable area from 1,920 SF to 3,363 SF.
    • Exceptional visibility and strong pedestrian traffic.
    • Proximity to the beach, Rose Avenue, and Abbot Kinney Boulevard.
    • Ideally suited for owner‑users, long‑term investors, or value‑add buyers.
    • Located in a supply‑constrained submarket on the Westside.

    Overview

    Located in the heart of Ocean Park, 2803 Main Street is a commercial property situated along a desirable, high-traffic corridor in Santa Monica. The property benefits from high visibility, strong pedestrian traffic, and proximity to the beach, Rose Avenue, and Abbot Kinney Boulevard. The property is suited for an owner-user, long-term investor, or value-add buyer seeking a foothold in a supply-constrained submarket on the Westside. The property has a Ready-To-Issue (RTI) renovation permit that allows for a second-floor addition, expanding the leasable area from 1,920 square feet to 3,363 square feet. The lot size is 0.1143 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.481464
    Latitude
    34.000286

    Nearby Similar for Sale

    • $2,350,000
      2,810 SF

      Venice Adjacent Multi-Use Building

      Two-story, 3,295 SF building near Rose Avenue and Abbot Kinney.
      2951 Lincoln Blvd, Santa Monica, CA 90405
      View Details
    • $2,649,000
      2,590 SF

      Santa Monica Triplex Investment

      Turn-key triplex near Santa Monica College and the beach.
      2252 20th St, Santa Monica, CA 90405
      View Details
    • $6,000,000

      Santa Monica Development Site Opportunity

      Rare 23,134 SF development site in prime Santa Monica location.
      1637 Stanford St, Santa Monica, CA 90404
      View Details
    • $3,999,999
      3,389 SF

      Santa Monica Multifamily Investment Opportunity

      Rare multifamily property near Montana Avenue with strong income potential.
      852 11th St, Santa Monica, CA 90403
      View Details
    • $3,250,000
      4,202 SF

      Santa Monica Development Assembly

      Three contiguous properties for mixed-use development in Santa Monica.
      3026 PICO Boulevard, Santa Monica, CA 90405
      View Details
    • $3,400,000
      3,000 SF

      Santa Monica Development Assembly Opportunity

      Three contiguous properties for mixed-use development in Santa Monica.
      3018 PICO Boulevard, Santa Monica, CA 90405
      View Details
    • $3,350,000
      3,042 SF

      Santa Monica Development Opportunity

      Three contiguous properties for mixed-use development in Santa Monica.
      3024 Pico, Santa Monica, CA 90405
      View Details
    • $2,100,000
      2,369 SF

      Santa Monica Multifamily Investment Opportunity

      Multifamily property in Ocean Park neighborhood with four units.
      238 Bicknell, Santa Monica, CA 90405
      View Details
    • $3,999,999
      4,687 SF

      Santa Monica Vacant Four-Unit Property

      Remodeled four-unit property in Santa Monica, offering income potential.
      643 Pacific St, Santa Monica, CA 90405
      View Details
    • $1,965,000
      2,544 SF

      Santa Monica Quadruplex Investment Opportunity

      Four units, updated interiors, expansion potential in prime Santa Monica.
      2117 Stewart Street, Santa Monica, CA 90404
      View Details
    • $2,995,000
      4,137 SF

      Santa Monica Multifamily Investment Opportunity

      Charming 6-unit property in Santa Monica with income potential.
      947 17th St, Santa Monica, CA 90403
      View Details
    • $2,980,000
      7,763 SF

      Santa Monica Multifamily Investment Opportunity

      Six-unit multifamily property in Santa Monica near the beach.
      1813 9th Street, Santa Monica, CA 90404
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property in high-traffic area with renovation permit.
    Where is this commercial land located?
    The property is located at 2803 Main St Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $2,695,000.
    What are key features of this property?
    This property features: Prime commercial asset on Main Street in Santa Monica's Ocean Park.; Ready‑To‑Issue (RTI) renovation permit for a second‑floor addition, increasing leasable area from 1,920 SF to 3,363 SF.; Exceptional visibility and strong pedestrian traffic.
    (800) 804-9132
    We can help!
    Listing Contact
    Jesse Weinberg
    Jesse Weinberg
    Real Estate License ID: 01435805
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2803 Main St, Santa Monica, CA 90405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!