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    1317 5Th St Santa Monica, CA 90401

    For Lease
    Contact for pricing

    Prime Downtown Location, Fully Renovated

    Lot size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional three-story medical office building, totaling 7,500 square feet, is ideally situated in the heart of Downtown Santa Monica, just half a block north of Santa Monica Boulevard. The property has undergone a complete renovation, boasting a new Terrazzo tile entrance, updated landscaping, oxidized steel paneling, modernized elevator cabs, and ADA-compliant restrooms throughout the common areas and lobby. Onsite secured parking, both covered and open, is available, supplemented by a public lot across the street. Two spaces are currently available, ranging from 3,500 to 4,000 contiguous square feet. A unique feature is the fully renovated, state-of-the-art surgery center on the third floor, currently occupied by a cosmetic surgeon, and potentially available for third-party use. The structurally reinforced rooftop offers a rare opportunity for development, such as a restaurant or bar. This location provides unparalleled access to the beach (less than half a mile away) and is surrounded by Santa Monica's vibrant pedestrian mall, offering proximity to high-end restaurants and retail establishments. Los Angeles County ownership.

    Property Features for 1317 5Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,500 SF

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    4,000 SF
    Space
    4th Floor
    Size
    3,500 SF

    HighLights

    • 7,500 SF three‑story medical office building in Downtown Santa Monica, completely renovated.
    • Two contiguous suites available, 3,500‑4,000 SF each.
    • Landlord will provide tenant improvement allowance.
    • Building features a state‑of‑the‑art surgery center (potentially available).
    • Secured on‑site parking and public parking nearby.
    • Excellent walkability and transit scores (93/77).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Indomitable Entertainment Video Production Service The Biggest Loser Resort Weight Loss Service P & K Inc Cancer Treatment Center Younique Cosmetic Surgery ... Plastic Surgery Clinic Best Botox Los ... Medical Spa

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -118.495016
    Latitude
    34.018324

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    FAQs

    What type of property is this?
    Medical office - Prime Downtown Location, Fully Renovated
    Where is this medical office located?
    The property is located at 1317 5Th St Santa Monica, CA.
    What are key features of this property?
    This property features: 7,500 SF three-story medical office building in Downtown Santa Monica, completely renovated.; Two contiguous suites available, 3,500-4,000 SF each.; Landlord will provide tenant improvement allowance.
    Request Owner's contact information
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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
    1317 5Th St Santa Monica, CA 90401
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