Listing Agency: CBRE - West Los Angeles

Listed By: Jeff Pion · License #00840278 Show Phone

Source: Cbre

Added: Apr 15 Changed: Sep 2 Last Checked: Sep 5 at 4:21AM

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Investment Insights

Based on property information with market context.

This commercial property features an 18,450 rentable square foot building, with a gross square footage of 42,658. The building is situated in downtown Santa Monica, on a signalized corner location. The property benefits from exceptional demographics. The property can be delivered vacant.

Key Highlights

• Most prized piece of real estate in Los Angeles
• Property can be delivered vacant at close of escrow
• Unique identity of downtown Santa Monica

Property Analytics

Property Profile

Current Use

Silver Lion Films Film Production Master AC Repair ... HVAC Service Dr. Brandy Cohen-Brown, ... Physician We Are The West Nightclub Dr. Gadson Johnson Physician

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pet Grooming Service Tattoo & Piercing Shop Butcher Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

9,927

Businesses Nearby

Explore this area Business Placement

Demographics for 90401, CA

8,167

Population

5,782

Households

1.4

Avg Household Size

39

Median Age

76%

College-Educated

97%

High-School Grad

0.8 sq mi

ZIP Area

10,209

Density / Sq Mi

$106,704

Median Household Income

$98,906

Median Earnings

$2,549

Median Rent

$1,129,700

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Trophy office asset in downtown Santa Monica for lease.

Where is this office building located?

The property is located at 701 Santa Monica Boulevard Santa Monica, CA.

What is the lease rate?

The lease rate is $9,995,000.

What are key features of this property?

This property features: Most prized piece of real estate in Los Angeles; Property can be delivered vacant at close of escrow; Unique identity of downtown Santa Monica