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    1847 16Th St Santa Monica, CA 90404

    For Lease
    $9 SF/Yr

    Prime Corner Lot, 6,022 sq ft

    Lot size:
    6,022 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial land parcel, located at 1847 16th Street in Santa Monica, California, 90404, presents a unique investment opportunity. Situated conveniently north of Pico Boulevard and adjacent to the 10 Freeway, this property offers unparalleled accessibility. The lot boasts a generous 6,022 square feet and is a corner lot providing access from three streets, enhancing its versatility and potential uses. The property is fully fenced on all four sides, providing security and privacy. Zoned R2, this land is ideally suited for a variety of commercial applications. Its dimensions are approximately 150 feet by 40.1 feet. Potential uses include, but are not limited to, a contractor's yard, ample parking space, or secure outside storage. The asking rent is $5,000 per month. This prime location and flexible zoning make this an exceptional opportunity for investors seeking a high-return property in the desirable Santa Monica market. The property's strategic location near the 10 Freeway ensures easy access to major transportation routes, making it an attractive option for businesses requiring convenient logistics. The fully fenced perimeter adds a layer of security, making it suitable for various commercial ventures requiring secure storage or operations. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving California city.

    Property Features for 1847 16Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,022 SF

    Unit(s) available at that property

    Space
    Size
    6,022 SF
    Rate per SF
    $9

    HighLights

    • 6,022 SF corner lot at 1847 16th St, Santa Monica, CA 90404.
    • Located north of Pico Blvd, adjacent to the 10 Freeway, offering excellent accessibility.
    • Fully fenced with three‑street access.
    • R2 zoning.
    • Ideal for contractor's yard, parking, or storage; asking $5,000/month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -118.47572678
    Latitude
    34.01904946

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    FAQs

    What type of property is this?
    Land - Prime Corner Lot, 6,022 sq ft
    Where is this land located?
    The property is located at 1847 16Th St Santa Monica, CA.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 6,022 SF corner lot at 1847 16th St, Santa Monica, CA 90404.; Located north of Pico Blvd, adjacent to the 10 Freeway, offering excellent accessibility.; Fully fenced with three-street access.
    Request Owner's contact information
    1847 16Th St Santa Monica, CA 90404
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    Santa Monica, CA 90404
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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
    1847 16Th St Santa Monica, CA 90404
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