Santa Monica Retail
1415 Wilshire Blvd Santa Monica, CA 90403
1415 Wilshire Blvd, Santa Monica, CA, 90403
Contact for pricing
For Sale
Contact for pricing
Retail property in high-traffic area, ideal for owner-user.
Property Size4,878 SF
Lot Size0.11 Acres
Price / SF$768.76
Days on Market1119
Property Features for 1415 Wilshire Blvd
General Information
- Standard status
- Active
- Size
- 4,878 SF
- Lot size
- 0.11 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1930
Listing Agency
WESTMAC
(310) 966-4383
Listed by
T.C. Macker · License #CA 01232033
Source
Crexi
Added: Jun 26, 2023 Checked: Jul 15 at 9:50 pm
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 WESTMAC
Investment Insights
Based on property information with market context.
Located on Wilshire Boulevard in Santa Monica, California, this retail property offers an opportunity for acquisition or lease. The property is situated along a highly trafficked section of Wilshire Boulevard, just east of 14th Street, approximately one mile from Downtown Santa Monica and twenty minutes from Los Angeles International Airport. Constructed in 1930, the building encompasses approximately 4,878 square feet on a lot of approximately 5,000 square feet. The property is zoned MUB (Mixed Use Boulevard) within the Wilshire-Montana neighborhood, an affluent and densely populated area with an estimated median household income of $113,000 within a one-mile radius and average home values exceeding $1 million. The location is within walking distance of retailers such as Vons, Rite Aid, and Bank of America, as well as Santa Monica UCLA Hospital. It is also a 14-minute walk (0.6 mi.) from the Metro E Line (Expo) at the 17th Street / SMC Station stop and features a Walk Score of 92, indicating a Walker’s Paradise. The property will be delivered vacant, presenting an opportunity for an owner-user or operator to establish a presence in Santa Monica.
Key Highlights
- Delivered vacant, offering an excellent opportunity for an owner‑user or operator.
- Located in the highly affluent Wilshire‑Montana neighborhood with high median household income.
- Prime location on highly trafficked Wilshire Boulevard.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.1k | $33.84 |
| − Vacancy | −$10.9k | −$2.23 |
| EGI | $154.2k | $31.61 |
| − OpEx | −$46.3k | −$9.48 |
| NOI | $107.9k | $22.12 |
4,878 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $107,924 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,816 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Santa Monica Bay ...
Roofing Company
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FAQs
What type of property is this?
Storefront property - Retail property in high-traffic area, ideal for owner-user.
Where is this storefront 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 $3,750,000.
What are key features of this property?
This property features: Delivered vacant, offering an excellent opportunity for an owner‑user or operator.; Located in the highly affluent Wilshire‑Montana neighborhood with high median household income.; Prime location on highly trafficked Wilshire Boulevard.
