402 Santa Monica Blvd Santa Monica, CA 90405
This exceptional 32,930 square foot retail property, located at 402 Santa Monica Boulevard in the heart of downtown Santa Monica, California (zip code 90405), presents a unique leasing opportunity. The two-story building, constructed in 1995, boasts a prominent brick façade and offers flexible space options. Currently entirely vacant, the property is divisible into spaces ranging from a minimum of 15,430 square feet to a maximum contiguous space of 17,500 square feet. The building's former tenant was REI, highlighting its suitability for large-format retail, recreation, entertainment, or restaurant concepts. Situated in Los Angeles County, this corner flagship location provides unparalleled visibility and accessibility within a vibrant and high-traffic area of Santa Monica. The property's expansive square footage and prime location make it an ideal choice for businesses seeking a significant presence in this desirable market. This is a rare opportunity to secure a substantial retail space in one of Southern California's most sought-after locations. The property's versatility allows for a wide range of potential uses, catering to a diverse array of businesses.
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REI Bike Shop (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.