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    2948 Colorado Ave Santa Monica, CA 90404

    Sponsored
    For Sale
    $12,610,800

    16,272 SF Warehouse, $775/SF

    Property size:
    16,272 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,272 square foot warehouse, situated on a 22,216 square foot lot in Santa Monica's desirable Bergamot Area Plan, presents a unique investment opportunity. The property, located at 2948 Colorado Ave, boasts a prime corner standalone building configuration with multiple points of entry, offering excellent accessibility and visibility. Built in 1950, the building features a striking bow-truss ceiling with ample natural light, complemented by concrete floors and a lack of interior posts, maximizing usable space. The warehouse includes two loading docks and one dock-high door, ensuring efficient loading and unloading operations. Ceiling heights range from 12 to 16 feet. The property also offers 28 parking spaces and is zoned SMLMSD. Electrical service is 600V, 240V, 3W. The building's strategic location at the intersection of Stanford Street and Colorado Avenue provides exceptional exposure and convenient access to major transportation routes. This mixed-use creative (MUC) zoned property presents a rare chance to acquire a well-maintained, versatile warehouse in a highly sought-after Santa Monica location. The asking price is $12,610,800.

    Property Features for 2948 Colorado Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    16,272 SF

    Building Details

    Year Built
    1950

    HighLights

    • Located in the Bergamot Arts Center Area.
    • Mixed‑use creative zoning.
    • Corner standalone building.
    • Multiple points of entry.
    • High ceilings with bow‑truss design.
    • Open floor plan with no interior columns.
    Property Profile Location Intelligence

    Current Use by Public Records

    Springbok Entertainment Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -118.4671067
    Latitude
    34.0336659

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    FAQs

    What type of property is this?
    Distribution property - 16,272 SF Warehouse, $775/SF
    Where is this distribution property located?
    The property is located at 2948 Colorado Ave Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $12,610,800.
    What are key features of this property?
    This property features: Located in the Bergamot Arts Center Area.; Mixed-use creative zoning.; Corner standalone building.
    Request Owner's contact information
    2948 Colorado Ave Santa Monica, CA 90404
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    Santa Monica, CA 90404
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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
    2948 Colorado Ave Santa Monica, CA 90404
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