C2 Zoned Infill
For Sale
$1,599,000
4563 Santa Monica, Los Angeles, CA 90029
C2-zoned infill land on Santa Monica Blvd with three occupied retail storefronts providing current holding income.
Property Size2,965 SF
Days on Market125
Property Features for 4563 Santa Monica
General Information
Standard status
Active
Size
2,965 SF
Property subtype
Multi Family
Building Details
Building Size
2,965 SF
Year Built
1917
Listing Agency:
Pinnacle Estate Properties
Listed By:
Mike Harutunyan · License #01353419
(818) 400-8589
Source:
Truthrealty
Added: Jun 17
Changed: Oct 4
Last Checked: Oct 16 at 3:47PM
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 Pinnacle Estate Properties
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Investment Insights
Based on property information with market context.
This C2-zoned infill site is currently improved with three occupied retail storefronts, producing approximately $6,000 per month in gross holding income. The property is sold AS-IS, and buyers should plan to evaluate the existing improvements as part of their redevelopment strategy.
The offering is positioned on Santa Monica Blvd and benefits from a highly walkable setting and nearby transit access, with Walk Score and Transit Score data indicating strong pedestrian connectivity and workable public transportation. Bike Score is also provided, supporting the overall multimodal character of the immediate area.
Under current C2 zoning, the site offers approximately 14 residential units by right, subject to buyer verification of all development parameters. The seller notes the possibility of additional density through State Density Bonus and Transit Oriented Communities (TOC) affordable housing incentives, which may support a larger project size, with eligibility and TOC tiering requiring independent confirmation. For developers and merchant builders looking for a corridor-frontage parcel to work through entitlement with existing income in place, this is a fit for a “bite-sized” urban infill concept, with all zoning, unit count, FAR, height, setbacks, and parking requirements to be verified by the purchaser.
The offering is positioned on Santa Monica Blvd and benefits from a highly walkable setting and nearby transit access, with Walk Score and Transit Score data indicating strong pedestrian connectivity and workable public transportation. Bike Score is also provided, supporting the overall multimodal character of the immediate area.
Under current C2 zoning, the site offers approximately 14 residential units by right, subject to buyer verification of all development parameters. The seller notes the possibility of additional density through State Density Bonus and Transit Oriented Communities (TOC) affordable housing incentives, which may support a larger project size, with eligibility and TOC tiering requiring independent confirmation. For developers and merchant builders looking for a corridor-frontage parcel to work through entitlement with existing income in place, this is a fit for a “bite-sized” urban infill concept, with all zoning, unit count, FAR, height, setbacks, and parking requirements to be verified by the purchaser.
Key Highlights
- C2‑zoned Santa Monica Blvd infill site with three occupied retail storefronts generating $6,000/month gross holding income
- Approximately 14 residential units by right under current C2 zoning (buyer to verify)
- Potential for approximately 26–30 units using State Density Bonus and/or Transit Oriented Communities (TOC) affordable housing incentives (buyer to verify eligibility/tier)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,809
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,180
$1.4M
Cap Rate 7%
$982,986
$983.0K
Cap Rate 9%
$764,544
$764.5K
Market Conditions
NOI Build-Up for 2,965 SF
Gross rent
$109.6K $36.96/SF
− Vacancy
−$11.3K −$3.81/SF
EGI
$98.3K $33.15/SF
− OpEx
−$29.5K −$9.95/SF
NOI
$68.8K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,180
Cap Rate 7%
$982,986
Cap Rate 9%
$764,544
Alternative Uses
Best Use
Retail
$983.0K
$860.1K – $1.15M
NOI $68,809 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$60.07M
$52.56M – $70.08M
NOI $4,204,838 @ 7.0% cap · market cap 262.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,904
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Storefront property - C2-zoned infill land on Santa Monica Blvd with three occupied retail storefronts providing current holding income.
Where is this storefront property located?
The property is located at 4563 Santa Monica Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: C2‑zoned Santa Monica Blvd infill site with three occupied retail storefronts generating $6,000/month gross holding income; Approximately 14 residential units by right under current C2 zoning (buyer to verify); Potential for approximately 26–30 units using State Density Bonus and/or Transit Oriented Communities (TOC) affordable housing incentives (buyer to verify eligibility/tier)
