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    2828 Santa Monica Blvd Santa Monica, CA 90404

    For Lease
    $63 SF/Yr

    Prime location, new construction, ideal for restaurants.

    Lot size:
    49,799 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 49,799 square foot retail space, built in 2023, presents a unique opportunity for restaurant operators seeking a prime location in Santa Monica, California. The property, located at 2828 Santa Monica Blvd (APN: 4267-019-066, 4267-019-030), is situated at a signalized intersection on the renowned Santa Monica Boulevard, near the cross streets of Santa Monica Blvd and Yale St. The building features three stories and offers 35 parking spaces, along with elevator access. This is a multi-tenant building, and the space is ideally suited for restaurants, boasting pre-installed hood shafts and grease interceptors, saving significant time and expense on build-out. The property benefits from its location below 50 luxury residential units in a densely populated, affluent neighborhood with high-value luxury homes, ensuring a strong customer base. The area boasts a vibrant mix of businesses, including notable neighbors such as Hulu, Bevmo, Amazon, Lionsgate Entertainment, and Petco. Its convenient location offers easy access to major transportation arteries, being less than one mile from the I-10 Freeway and a short walk from the Metro E Line station. This is a truly exceptional opportunity to establish a thriving restaurant business in a highly desirable and accessible location.

    Property Features for 2828 Santa Monica Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    49,799 SF
    Total Rate
    261444.75

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    B1
    Size
    1,652 SF
    Rate per SF
    $66
    Space
    B2
    Size
    2,233 SF
    Rate per SF
    $69
    Space
    B3
    Size
    1,717 SF
    Rate per SF
    $63

    HighLights

    • Unrivaled visibility on Santa Monica Blvd with rare signage opportunity and strong brand identity.
    • Abundant parking: 35 on‑site spaces.
    • 49,799 SF retail space, built in 2023, in a three‑story multi‑tenant building.
    • Restaurant‑ready space with pre‑installed hood shafts and grease interceptors.
    • Prime Santa Monica location at a signalized intersection on Santa Monica Blvd, near Yale St.
    • Located below 50 luxury residential units in an affluent neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Modern Animal Veterinarian

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon 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
    -118.4717133162
    Latitude
    34.035189575209

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    FAQs

    What type of property is this?
    Restaurant - Prime location, new construction, ideal for restaurants.
    Where is this restaurant located?
    The property is located at 2828 Santa Monica Blvd Santa Monica, CA.
    What is the lease rate?
    The lease rate is $63-$69 SF/Yr.
    What are key features of this property?
    This property features: Unrivaled visibility on Santa Monica Blvd with rare signage opportunity and strong brand identity.; Abundant parking: 35 on-site spaces.; 49,799 SF retail space, built in 2023, in a three-story multi-tenant building.
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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
    2828 Santa Monica Blvd Santa Monica, CA 90404
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