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    1917 4Th St Santa Monica, CA 90405

    Sponsored
    For Sale
    $1,695,000

    Prime Ocean Park Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 0.14-acre commercial land parcel, located at 1917 4th Street in the heart of Santa Monica's Ocean Park neighborhood (zip code 90405), presents a compelling development opportunity. The property boasts 6,135 square feet of land, zoned SMOP2, and is offered at $1,695,000, translating to $292 per square foot. Its prime location offers excellent visibility and proximity to popular shopping, dining, and entertainment venues, ensuring high tenant demand and maximum exposure for any commercial venture. The property includes a 720-square-foot existing structure. This fee-simple ownership presents a rare chance to acquire a highly desirable asset in a thriving Los Angeles County market. The property's potential for various residential or commercial uses makes it an attractive investment for developers, business owners, or entrepreneurs seeking a foothold in this vibrant Santa Monica location. This is a unique opportunity to capitalize on the area's strong economic growth and high demand for commercial space. The property's location in Ocean Park provides easy access to major transportation routes and amenities, further enhancing its investment appeal. Don't miss this chance to acquire a piece of Santa Monica's dynamic commercial landscape.

    Property Features for 1917 4Th St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.4865103
    Latitude
    34.0094356

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    FAQs

    What type of property is this?
    Land - Prime Ocean Park Development Site
    Where is this land located?
    The property is located at 1917 4Th St Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $1,695,000.
    (310) 902-0303
    Request Owner's contact information
    1917 4Th St Santa Monica, CA 90405
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    Santa Monica, CA 90405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1917 4Th St Santa Monica, CA 90405
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