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    1415 Wilshire Blvd Santa Monica, CA 90403

    Sponsored
    For Sale
    $3,500,000

    Prime Santa Monica retail, owner-user opportunity.

    Property size:
    4,878 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Santa Monica storefront, located at 1415 Wilshire Boulevard, presents a compelling owner-user opportunity. The 4,878 square foot building sits on a 5,000 square foot lot and boasts a prime location in the affluent Wilshire-Montana neighborhood, with a median household income exceeding $113,000 within a one-mile radius. Built in 1930, the property is zoned MUB (Mixed-Use Boulevard), allowing for diverse uses. Its strategic placement along Wilshire Boulevard, just east of 14th Street, ensures high visibility and significant vehicular traffic (approximately 28,000 cars daily). The property is conveniently located approximately one mile from Downtown Santa Monica and the Third Street Promenade, and a short 20-minute drive from LAX. Within walking distance are numerous amenities, including Vons, Rite Aid, Bank of America, and UCLA Santa Monica Hospital. A Walk Score of 92 designates it a "Walker's Paradise," and it's a 14-minute walk from the Expo Line's 17th Street/SMC Station. The property is being delivered vacant, providing an ideal canvas for an owner-user or operator seeking a prominent Santa Monica presence. The asking price is $3,500,000, with a price per square foot of $717.51. The property's APN is 4281-011-026. This is a single-story building.

    Property Features for 1415 Wilshire Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,878 SF

    Building Details

    Year Built
    1930
    Buildings
    1
    Stories
    1

    HighLights

    • Excellent Santa Monica location in the affluent Wilshire‑Montana neighborhood, with a median household income exceeding $113,000 within one mile.
    • High‑traffic retail corridor on Wilshire Boulevard, east of 14th Street, with approximately 28,000 cars daily.
    • Prime Westside location, one mile from Downtown Santa Monica and the Third Street Promenade.
    • Walkable to numerous amenities including Vons, Rite Aid, Bank of America, and UCLA Santa Monica Hospital; Walk Score of 92.
    Property Profile Location Intelligence

    Current Use by Public Records

    Santa Monica Bay ... Roofing Contractor

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office 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
    -118.48844589941
    Latitude
    34.027092588604

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    FAQs

    What type of property is this?
    Individual retail property - Prime Santa Monica retail, owner-user opportunity.
    Where is this individual retail property located?
    The property is located at 1415 Wilshire Blvd Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Excellent Santa Monica location in the affluent Wilshire-Montana neighborhood, with a median household income exceeding $113,000 within one mile.; High-traffic retail corridor on Wilshire Boulevard, east of 14th Street, with approximately 28,000 cars daily.; Prime Westside location, one mile from Downtown Santa Monica and the Third Street Promenade.
    Request Owner's contact information
    1415 Wilshire Blvd Santa Monica, CA 90403
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    Santa Monica, CA 90403
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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
    1415 Wilshire Blvd Santa Monica, CA 90403
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