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    1519 Wilshire Blvd Santa Monica, CA 90403

    For Lease
    Contact for pricing

    Prime Santa Monica location, 8,800 sqft available.

    Lot size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,800-square-foot property at 1519 Wilshire Blvd in Santa Monica, California, presents a unique opportunity for businesses seeking a prestigious location. Located in Los Angeles County, zip code 90403, this multi-tenant building offers flexible space ideal for executive offices, retail, or restaurant use. The property is currently fully vacant, providing a blank canvas for a new tenant to customize. Units range from a minimum of 3,800 square feet to a maximum contiguous space of 5,000 square feet. Ample parking is available with over 20 spaces. The building's prime location on Wilshire Boulevard places it in the heart of Santa Monica's vibrant business district, offering excellent visibility and accessibility. Previously configured as a restaurant, the space boasts a stunning, fully renovated interior, including a remarkable second-floor outdoor rooftop terrace. This turnkey space is ready for immediate occupancy and offers endless possibilities for a variety of businesses. The existing floor plan provides a strong foundation for a new concept, allowing for seamless adaptation to a tenant's specific needs. This is a truly exceptional opportunity to secure a flagship location in one of Southern California's most desirable areas.

    Property Features for 1519 Wilshire Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,800 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    5,000 SF
    Space
    Second Floor
    Size
    3,800 SF

    HighLights

    • 5,000 SF ground floor restaurant space available.
    • 3,800 SF second floor divisible space, suitable for restaurant or office use.
    • Fully equipped restaurant/bar with Type 47 liquor license.
    • 50' Wilshire Blvd frontage and 150' alley frontage with access.
    • Immediate occupancy available.
    • Walk Score 91, Transit Score 71.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EL RINCON DE ... Bar

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office 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
    -118.487584
    Latitude
    34.0281993

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    FAQs

    What type of property is this?
    Restaurant - Prime Santa Monica location, 8,800 sqft available.
    Where is this restaurant located?
    The property is located at 1519 Wilshire Blvd Santa Monica, CA.
    What are key features of this property?
    This property features: 5,000 SF ground floor restaurant space available.; 3,800 SF second floor divisible space, suitable for restaurant or office use.; Fully equipped restaurant/bar with Type 47 liquor license.
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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
    1519 Wilshire Blvd Santa Monica, CA 90403
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