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    1541 Ocean Ave Santa Monica, CA 90401

    Sponsored
    For Lease
    Contact for pricing

    Prime Santa Monica retail, 3,917 sq ft.

    Lot size:
    3,917 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A retail property, located at 1541 Ocean Avenue in Santa Monica, California (90401), offers a rare opportunity to lease a flagship ground floor space totaling 3,917 square feet. The property boasts a highly desirable location directly across from the iconic Santa Monica Pier, ensuring maximum exposure to the over 9 million annual visitors. The building, renovated in 2023, features two suites across three stories within two buildings, with the entire 3,917 square feet currently available for lease. The space is zoned C2 and benefits from a convenient location near the intersection of Ocean Avenue and Broadway in the West LA submarket of Los Angeles County. Ample parking is provided with 100+ spaces in a dedicated subterranean lot, complete with valet services. This location is surrounded by thriving businesses, including well-known restaurants like The Ivy, Red O, and Blue Plate Taco, ensuring high foot traffic and visibility. The building features elevators and offers a Building Floor Area Ratio (FAR) of 3. This is a truly unique opportunity to establish a presence in one of Santa Monica's most sought-after retail locations.

    Property Features for 1541 Ocean Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,917 SF
    Class
    A

    Building Details

    Year Renovated
    2023
    Buildings
    2
    Stories
    3

    Unit(s) available at that property

    Space
    Available space
    Size
    3,917 SF

    HighLights

    • 3,917 SF ground floor retail space.
    • High foot traffic from tourists and locals.
    • Large outdoor patio.
    • Private subterranean parking.
    • Directly across from the Santa Monica Pier entrance.
    • Over 21 million annual visitors to Downtown Santa Monica.
    Property Profile Location Intelligence

    Current Use by Public Records

    Frontier Internet Service Provider College Zoom Educational Consultant Molly M. Murphy, ... Mediation Service Chudnovsky Law - Criminal ... Criminal Justice Attorney Salkow Law Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -118.49523582231
    Latitude
    34.011718662066

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    FAQs

    What type of property is this?
    Individual retail property - Prime Santa Monica retail, 3,917 sq ft.
    Where is this individual retail property located?
    The property is located at 1541 Ocean Ave Santa Monica, CA.
    What are key features of this property?
    This property features: 3,917 SF ground floor retail space.; High foot traffic from tourists and locals.; Large outdoor patio.
    Request Owner's contact information
    1541 Ocean Ave Santa Monica, CA 90401
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    Santa Monica, CA 90401
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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
    1541 Ocean Ave Santa Monica, CA 90401
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