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Property profile & analytics
OFF-MARKET
Restaurants

119-121 Broadway Santa Monica, CA 90401

2,016 SF
Property ID
Property summary
AI-generated overview

This exceptional 2,016 square foot restaurant and bar located at 119-121 Broadway in Santa Monica, California, presents a unique investment opportunity. Situated just one block from the bustling Third Street Promenade, this property enjoys a highly desirable location in the heart of downtown Santa Monica. Its proximity to the Metro E Line at Colorado and 4th Street ensures excellent accessibility for both local residents and tourists. The property's single-tenant occupancy simplifies management and provides a stable income stream. The vibrant downtown Santa Monica area attracts approximately 20.6 million visitors annually, generating an estimated $954 million in spending. This high foot traffic, combined with the property's convenient location, creates a strong foundation for continued success. The property is located in Los Angeles County, California, with a zip code of 90401. This prime location offers unparalleled access to a diverse customer base, including tourists, commuters, and shoppers from across Los Angeles, drawn to the relaxed atmosphere of downtown Santa Monica. The property's size and location make it ideal for a variety of restaurant and bar concepts. This is a rare opportunity to acquire a thriving business in one of Southern California's most sought-after locations.

Property profile
Verified
Property type Restaurants
Total area 2,016 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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