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Property profile

2948 Colorado Ave Santa Monica, CA 90404

OFF-MARKET
Warehouses
16,272 SF Built 1950
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Property summary

AI-generated overview

This exceptional 16,272 square foot warehouse, situated on a 22,216 square foot lot in Santa Monica's desirable Bergamot Area Plan, presents a unique investment opportunity. The property, located at 2948 Colorado Ave, boasts a prime corner standalone building configuration with multiple points of entry, offering excellent accessibility and visibility. Built in 1950, the building features a striking bow-truss ceiling with ample natural light, complemented by concrete floors and a lack of interior posts, maximizing usable space. The warehouse includes two loading docks and one dock-high door, ensuring efficient loading and unloading operations. Ceiling heights range from 12 to 16 feet. The property also offers 28 parking spaces and is zoned SMLMSD. Electrical service is 600V, 240V, 3W. The building's strategic location at the intersection of Stanford Street and Colorado Avenue provides exceptional exposure and convenient access to major transportation routes. This mixed-use creative (MUC) zoned property presents a rare chance to acquire a well-maintained, versatile warehouse in a highly sought-after Santa Monica location. The asking price is $12,610,800.

Property profile

Verified
Property type Warehouses
Year built 1950
Total area 16,272 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
  • Corporate Office

Location

2948 Colorado Ave Santa Monica, CA 90404
Santa Monica metro
Google Maps

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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