1427 4Th St Santa Monica, CA 90401
Property Lookup
Property profile & analytics
1427 4Th St Santa Monica, CA 90401
- Retail space
- 25,838 SF
- 0.34 lot acres
Property ID
US10-0305314
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- west elm / Furniture & Home Goods / Home Decor Store
- National Air Duct Cleaning Service / HVAC Service
- west elm Bedding / Hardware & Home Improvement / Construction Company
Property Details for 1427 4Th St
- Year built
- 1924
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.34 lot acres
- Property size
- 25,838 SF
- Zone code
- SMBSC3*
- Property type
- Retail space
- APN
- 4291-018-018
- APU
- 4291018018
Description
This exceptional investment opportunity presents a fee-simple ownership of a 24,705 square foot, two-story Class A storefront in Santa Monica, California. The property boasts a 100% occupancy rate with a 12-year lease (expiring in 2031) to West Elm, a subsidiary of Williams-Sonoma, Inc. (NYSE: WSM), a financially strong, publicly traded company with significant revenue and market capitalization. The lease is a single-tenant, net lease (NNN) with 3% annual rent increases, providing a strong hedge against inflation. Located on 0.38 acres at 1427 4th Street, the property benefits from high visibility and significant frontage in a densely populated, affluent area of Downtown Santa Monica, surrounded by other high-end retailers. The property's strong location within a core retail district, combined with the high creditworthiness of the tenant and the favorable lease terms, makes this a compelling investment opportunity with a current Net Operating Income (NOI) of $1,709,886 and a 5.75% cap rate. The area draws millions of visitors annually, and the property is situated near other prominent businesses, including Pottery Barn, Design Within Reach, and Nordstrom. The average household income within a 3-mile radius exceeds $184,000, reflecting the affluent nature of the surrounding community. This is a rare chance to acquire a core, credit-worthy single-tenant asset in a highly desirable and sought-after Los Angeles submarket. The asking price is $29,737,130.
Value Estimations
based on Realmo’s proprietary methodology
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.494
- Latitude
- 34.0161
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$83,469
$1,255,582
$4,679,890
$5,935,472
-
$0.00
$0.00
$0.00
