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    Land for Mixed-Use Development Title is generated by Realmo AI

    7517 Santa Monica Blvd, Los Angeles, CA

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    4,994 SF land parcel, potential mixed-use development.

    Type:LAND
    Property size:
    4,994 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $400/SF
    Added:
    Jun 4, 2025
    Days on Market:
    371
    Last Refresh:
    May 19 at 9:05 pm

    Property Features for 7517 Santa Monica Blvd

    General Information

    Standard status
    Active
    Size
    4,994 SF
    Lot size
    0.11 Acres
    Property subtype
    LAND

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    Listing Contact
    T.C. Macker

    Listing agent T.C. Macker License #CA 01232033

    Listing office WESTMAC Commercial Brokerage Company

    Listing date Jun 4, 2025

    Source Moodyscre

    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

    HighLights

    • 4,994 SF of Land
    • Potential mixed use development
    • Currently a parking lot

    Overview

    This property features 4,994 square feet of land. Currently operating as a parking lot, it presents a potential opportunity for mixed-use development.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $184.6k $36.96
    − Vacancy −$19.0k −$3.81
    EGI $165.6k $33.15
    − OpEx −$49.7k −$9.95
    NOI $115.9k $23.21
    4,994 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.66M
    $1.45M – $1.93M (±1% cap)
    NOI $115,897 @ 7.0% cap · market cap 5.79%
    Second Best
    Industrial
    $886.3K
    $775.5K – $1.03M (±1% cap)
    NOI $62,038 @ 7.0% cap · market cap 3.10%
    Theoretical Best
    Multifamily LT 5
    $101.18M
    $88.53M – $118.04M (±1% cap)
    NOI $7,082,281 @ 7.0% cap · market cap 354.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.353
    Latitude
    34.0911

    FAQs

    What type of property is this?
    Land - 4,994 SF land parcel, potential mixed-use development.
    Where is this land located?
    The property is located at 7517 Santa Monica Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 4,994 SF of Land; Potential mixed use development; Currently a parking lot
    (310) 478-7700 Call to check price and availability
    More about this property
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