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    2331 4Th St Santa Monica, CA 90405

    For Sale
    $3,495,000

    Prime Location, Vacant, Owner-User

    Property size:
    2,388 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This freestanding retail building, located at 2331 4th Street in Santa Monica, CA 90405, offers 2,388 square feet on a 5,585 square foot lot. Built in 1925, this one-story building features a versatile layout and convenient front and back parking. Recent upgrades include a new HVAC system and roof, along with numerous interior and exterior improvements. The property is situated in a highly desirable area with an affluent residential population and is close to the 10 Freeway, Main Street, Santa Monica Airport, LAX, and public transportation. Zoned SMOP2, this vacant property is available for sale as an owner-user opportunity, priced at $3,495,000. The building's convenient location and recent upgrades make it an ideal investment for businesses seeking a presence in this sought-after Santa Monica neighborhood. The property's APN is 4289-007-004. The building has been vacant since June 6, 2023. This presents a unique opportunity to establish a business in a thriving area with excellent accessibility and a strong residential base.

    Property Features for 2331 4Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,388 SF

    Building Details

    Year Built
    1925
    Stories
    1

    HighLights

    • Affluent residential neighborhood.
    • High density of restaurants and retail amenities within walking distance.
    • Convenient freeway (10) and Main Street access.
    • Proximity to Santa Monica Airport, LAX, and public transit.
    • Recently renovated with new HVAC, roof, and other interior/exterior improvements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    -118.4832994
    Latitude
    34.0061416

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    FAQs

    What type of property is this?
    Individual retail property - Prime Location, Vacant, Owner-User
    Where is this individual retail property located?
    The property is located at 2331 4Th St Santa Monica, CA.
    What is the asking price?
    The asking price for this property is $3,495,000.
    What are key features of this property?
    This property features: Affluent residential neighborhood.; High density of restaurants and retail amenities within walking distance.; Convenient freeway (10) and Main Street access.
    Request Owner's contact information
    2331 4Th St Santa Monica, CA 90405
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    Santa Monica, CA 90405
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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
    2331 4Th St Santa Monica, CA 90405
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