Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Santa Monica Office Space Title is generated by Realmo AI

    1424 2nd St, Santa Monica, CA 90401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for lease in Santa Monica, CA.

    Type:Office
    Added:
    Apr 5, 2024
    Days on Market:
    772
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 1424 2nd St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 1424 2nd St Contact us

    2nd & 3rd Floor $4/Mo

    Size
    17,990 SF
    Type
    Office
    Contact us

    3rd Floor $4/Mo

    Size
    8,995 SF
    Type
    Office
    Contact us

    2nd Floor $4/Mo

    Size
    8,995 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Barrett Meister

    Listing agent Barrett Meister License #CRE# 02021596

    Listing office Steaven Jones and Co

    Listing date Apr 5, 2024

    Source Crexi

    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 Steaven Jones and Co

    HighLights

    • For Lease

    Overview

    This commercial real estate property, located at 1424 2nd St in Santa Monica, CA 90401, is available for lease. The property is classified as office space.
    Location Intelligence

    Current Use by Public Records

    Rosen Drew Recording Studio York Kevin Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 24By7Live — 228 Main St Unit One, Venice, CA 90291
    • Mac911 Inc - Apple Authorized Service Provider — 2510 Main St Suite A, Santa Monica, CA 90405
    • EBF INC — 3110 Main St Building C, Santa Monica, CA 90405
    • Padlette — 220 Rose Ave, Venice, CA 90291
    • Linux Beach Productions — 116 Rose Ave Ste 9, Venice, CA 90291

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.496685
    Latitude
    34.014507

    Nearby Similar for Lease

    • Sponsored
      $129-$8,076/Mo
      11-1,292 SF

      CA, Santa Monica - Arizona Ave

      301 Arizona Ave, Santa Monica, CA 90401
      View Details
    • $129-$16,759/Mo
      11-1,292 SF

      Spaces Water Garden

      2450 Colorado Ave, Santa Monica, CA 90404
      View Details
    • $129-$6,886/Mo
      11-1,292 SF

      Spaces Santa Monica

      730 Arizona Ave, Unit 2ND, Santa Monica, CA 90401
      View Details
    • $5 SF/Yr
      6,701 SF

      Creative Office Space Available

      State-of-the-art post-production space with soundproof rooms and natural light.
      1907 Olympic Boulevard, Santa Monica, CA 90404
      View Details
    • $3 SF/Yr
      6,317 SF

      Freestanding Creative Building For Lease

      Recently renovated creative building with secured entry, near Santa Monica.
      1020 Pico Boulevard, Santa Monica, CA 90405
      View Details
    • $4 SF/Yr
      3,650 SF

      Santa Monica Creative Space

      Creative space in Santa Monica Media District for lease.
      1920 Olympic Boulevard, Santa Monica, CA 90404
      View Details
    • $3 SF/Yr
      2,968 SF

      Freestanding Office Building in Santa Monica

      Two-story office building with excellent visibility and on-site parking.
      632 Arizona Ave., Santa Monica, CA 90401
      View Details
    • Contact for pricing
      14,856 SF

      Santa Monica Office Space Available

      Well-maintained office building in Ocean Park business district.
      3205 Ocean Park Blvd, Santa Monica, CA 90405
      View Details
    • $3 SF/Yr
      7,598 SF

      Santa Monica Retail and Office

      Office and retail suites in vibrant Santa Monica location.
      518-522 Wilshire Boulevard, Santa Monica, CA 90401
      View Details
    • $2 SF/Yr
      28,196 SF

      Move-In Ready Office Space

      Office space with hardwood floors near Third Street Promenade.
      1460 4th St, Santa Monica, CA 90401
      View Details
    • $0.46 SF/Yr
      10,625 SF

      Creative Space in Santa Monica

      First generation creative space with easy freeway and transit access.
      1745 Berkeley Street, Santa Monica, CA 90404
      View Details
    • $4 SF/Yr
      5,600 SF

      Creative Office Building with Natural Light

      Standalone creative office with ample natural light in West Side.
      3003 Pennsylvania Ave, Santa Monica, CA 90404
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Santa Monica, CA.
    Where is this office space located?
    The property is located at 1424 2nd St Santa Monica, CA.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Barrett Meister
    Real Estate License ID: CRE# 02021596
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1424 2nd St, Santa Monica, CA 90401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!