Creative Space with High-Bay
For Sale
Contact for pricing
903 Colorado Ave, Santa Monica, CA 90401
Fully leased property with flexible interiors, private rooms, open work areas, and a two-story entry.
Property Size16,045 SF
Price / SF$495.48
Days on Market319
Property Features for 903 Colorado Ave
General Information
Standard status
Active
Size
16,045 SF
Elevators
Yes
Property subtype
OFFICE
Occupancy
100%
Listing Agency:
Lee & Associates - West L.A.
(310) 899-2700
Listed By:
Keith Fielding
(310) 899-2719
Source:
Moodyscre
Added: Dec 1, 2025
Changed: Oct 12
Last Checked: Oct 15 at 1:26AM
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 Lee & Associates - West L.A.
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Investment Insights
Based on property information with market context.
This 16,045-square-foot creative space is fully leased and offers a distinctive interior with steel-framed windows, skylights, exposed wood ceilings, and polished concrete flooring. The plan combines open work areas with enclosed rooms, providing a varied layout within the building. A high-bay section adds another functional component, while a two-story entry creates a defined arrival experience.
Building systems include package HVAC units serving multiple zones for localized airflow control. The property also has a handicap-accessible elevator, supporting movement between levels. Located at 903 Colorado Ave in Santa Monica, the asset presents a substantial creative office configuration with a mix of open, private, and high-bay areas.
Building systems include package HVAC units serving multiple zones for localized airflow control. The property also has a handicap-accessible elevator, supporting movement between levels. Located at 903 Colorado Ave in Santa Monica, the asset presents a substantial creative office configuration with a mix of open, private, and high-bay areas.
Key Highlights
- 16,045‑square‑foot creative space at 903 Colorado Ave, Santa Monica, CA 90401
- Fully leased building with open work areas and private rooms
- Steel windows, skylights, exposed wood ceilings, and polished concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$350,731
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,014,620
$7.0M
Cap Rate 7%
$5,010,443
$5.0M
Cap Rate 9%
$3,897,011
$3.9M
Market Conditions
NOI Build-Up for 16,045 SF
Gross rent
$616.1K $38.40/SF
− Vacancy
−$148.5K −$9.25/SF
EGI
$467.6K $29.15/SF
− OpEx
−$116.9K −$7.29/SF
NOI
$350.7K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,014,620
Cap Rate 7%
$5,010,443
Cap Rate 9%
$3,897,011
Alternative Uses
Best Use
Office B
$5.01M
$4.38M – $5.85M
NOI $350,731 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.59M
$7.52M – $10.02M
NOI $601,330 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
8,268
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - Fully leased property with flexible interiors, private rooms, open work areas, and a two-story entry.
Where is this creative space located?
The property is located at 903 Colorado Ave Santa Monica, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 16,045‑square‑foot creative space at 903 Colorado Ave, Santa Monica, CA 90401; Fully leased building with open work areas and private rooms; Steel windows, skylights, exposed wood ceilings, and polished concrete floors
