Technical
Financial
Distress signals
Property profile

1431 3Rd Street Promenade Santa Monica, CA 90401

FOR LEASE
Investment properties
Property ID
US10-0312260
7,500 SF 0.17 ac lot Built 1906
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located on the coveted 1400 block of the Third Street Promenade in the heart of Downtown Santa Monica, Los Angeles County. The property comprises a 16,500 square foot building currently offering three vacant retail suites, each divisible to a minimum of 1,500 square feet and with a maximum contiguous space of 7,500 square feet. The building boasts expansive window store fronts, incredibly high ceilings, and a unique architectural feature: a stunning second-floor skylight roof. This prime location benefits from the high foot traffic of the Third Street Promenade, attracting an estimated 16 million annual visitors. The property's position on the 1400 block is considered the most prestigious section of the Promenade, placing it just two doors away from the iconic Apple store. This presents a rare chance to establish a flagship presence in one of Los Angeles' most sought-after retail and entertainment destinations. The entire building is currently available for lease. The unique architectural details and unparalleled location make this an exceptional opportunity for a discerning tenant seeking maximum visibility and exposure.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1906
Construction TILT-UP CONCRETE
Total area 7,500 SF
Lot 0.17 ac (7,484 SF)
Zoning code SMBSC1*
APN 4291-017-014
UPID US10-0312260

Cap rate & NOI

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

Location

1431 3Rd Street Promenade Santa Monica, CA 90401
Santa Monica metro Census 701902 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.64M

Owner & transaction history

since 2008
4 recorded transactions
2008
Price N/A
2007
Price N/A
1969
Price N/A
1965
Price N/A

Zoning & alternative use

SMBSC1* · Santa Monica, CA

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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