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Property profile

2828 Santa Monica Blvd Santa Monica, CA 90404

OFF-MARKET
Retail properties & Spaces
49,799 SF Built 2023
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 2023
Total area 49,799 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Veterinary Clinic

Location

2828 Santa Monica Blvd Santa Monica, CA 90404
Santa Monica metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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