Freestanding Retail Building in Santa
For Sale
Contact for pricing
431 Wilshire Blvd, Santa Monica, CA 90403
Freestanding retail building in Downtown Santa Monica for sale.
Property Size4,996 SF
Lot Size0.11 Acres
Price / SF$958.77
Days on Market145
Property Features for 431 Wilshire Blvd
General Information
Standard status
Active
Size
4,996 SF
Total Parking Spaces
7
Lot size
0.11 Acres
Property subtype
Retail
Zoning
C3
Building Details
Year Built
1954
Listing Agency:
Lee & Associates - Los Angeles - West
(562) 234-9847
Listed By:
Kurt Hertzog · License #02011145
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 14 at 9:17AM
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 Lee & Associates - Los Angeles - West
Investment Insights
Based on property information with market context.
Located at the signalized intersection of Wilshire Boulevard and 5th Street in Downtown Santa Monica, this freestanding retail building offers approximately 4,996 square feet of space, plus an additional 1,000 square feet of mezzanine office space. Constructed in 1954, the property occupies a 4,996 square foot parcel and features strong corner visibility and dual street frontage. The building is situated in close proximity to the 3rd Street Promenade, Ocean Avenue, and surrounding residential areas. Currently vacant, the asset provides flexibility for an owner-user seeking long-term occupancy control or for an investor looking to reposition and lease the property in a supply-constrained coastal market of Southern California.
Key Highlights
- Freestanding retail building in Downtown Santa Monica.
- Located at the signalized intersection of Wilshire Boulevard and 5th Street.
- Strong corner visibility and dual street frontage.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,737
Businesses Nearby
261k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 21%
Dining 20%
Superstores 14%
Target
Superstores
36,047 visits/mo
0.1 miles
VONS
Groceries
34,674 visits/mo
0.3 miles
Whole Foods Market
Groceries
34,014 visits/mo
0.4 miles
Trader Joe's
Groceries
31,136 visits/mo
0.4 miles
Chevron
Shops & Services
11,759 visits/mo
0.4 miles
Demographics for 90403, CA
25,278
Population
14,853
Households
1.7
Avg Household Size
42
Median Age
72%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
18,056
Density / Sq Mi
$121,512
Median Household Income
$82,557
Median Earnings
$2,443
Median Rent
$1,553,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building in Downtown Santa Monica for sale.
Where is this storefront property located?
The property is located at 431 Wilshire Blvd Santa Monica, CA.
What is the asking price?
The asking price for this property is $4,790,000.
What are key features of this property?
This property features: Freestanding retail building in Downtown Santa Monica.; Located at the signalized intersection of Wilshire Boulevard and 5th Street.; Strong corner visibility and dual street frontage.**
