Flexible-Occupancy Office
New
For Sale
Contact for pricing
3017 Santa Monica Blvd, Santa Monica, CA 90404
The building supports either one occupant or a multi-tenant office configuration.
Property Size10,659 SF
Price / SF$281.45
Days on Market4
Property Features for 3017 Santa Monica Blvd
General Information
Standard status
Active
Size
10,659 SF
Property subtype
OFFICE
Listing Agency:
WESTMAC Commercial Brokerage Company
(310) 478-7700
Listed By:
T.C. Macker · License #CA 01232033
(310) 966-4352
Source:
Moodyscre
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:41PM
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 Commercial Brokerage Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 10,659 square feet, this Santa Monica office building can be configured for a single occupant or divided among multiple tenants. The property is located at 3017 Santa Monica Blvd in Santa Monica, California.
Key Highlights
- 10,659‑square‑foot office building
- Can accommodate a single occupant or multiple tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$232,997
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,659,940
$4.7M
Cap Rate 7%
$3,328,529
$3.3M
Cap Rate 9%
$2,588,856
$2.6M
Market Conditions
NOI Build-Up for 10,659 SF
Gross rent
$409.3K $38.40/SF
− Vacancy
−$98.6K −$9.25/SF
EGI
$310.7K $29.15/SF
− OpEx
−$77.7K −$7.29/SF
NOI
$233.0K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,659,940
Cap Rate 7%
$3,328,529
Cap Rate 9%
$2,588,856
Alternative Uses
Best Use
Office B
$3.33M
$2.91M – $3.88M
NOI $232,997 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.71M
$4.99M – $6.66M
NOI $399,475 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,839
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The building supports either one occupant or a multi-tenant office configuration.
Where is this office building located?
The property is located at 3017 Santa Monica Blvd Santa Monica, CA.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 10,659‑square‑foot office building; Can accommodate a single occupant or multiple tenants
