1433 Wilshire Blvd Santa Monica, CA 90403-5412
- Turn key restaurants
- 4,675 SF
- 0.11 lot acres
Current Use by Public Records
- Izzy's Deli Parking / Parking Lot
Property Details for 1433 Wilshire Blvd
- Year built
- 1925
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.11 lot acres
- Property size
- 4,675 SF
- Zone code
- SMC6*
- Property type
- Turn key restaurants
- APN
- 4281-011-011
- APU
- 4281011011
Description
This exceptional restaurant property, located at 1433 Wilshire Boulevard in Santa Monica, California, presents a unique investment opportunity. The 5,219-square-foot building, situated on a 5,003-square-foot lot, boasts 48 feet of prime Wilshire Boulevard frontage. Built in 1925 and extensively renovated in 2021 (including a seismic retrofit), the property offers a blend of historic charm and modern functionality. The space includes a ground floor of 4,657 square feet and a 562-square-foot mezzanine. Six parking spaces, including one handicap-accessible space, are leased from a rear lot. The MUB (Mixed Use Boulevard) zoning allows for diverse uses, including restaurant, retail, gym, showroom, or service retail, making it highly adaptable to various business models. The property's previous use as a restaurant/deli means some existing improvements are already in place. This location benefits from a Walk Score of 92, placing it in a highly walkable area. The property is directly across from the Santa Monica/UCLA Medical Center, providing a substantial customer base of over 4,000 employees and medical professionals. Nearby businesses include Vons, Rite Aid, Bank of America, and other popular retailers. The median household income within a one-mile radius exceeds $135,000, indicating strong purchasing power in the immediate vicinity. The APN is 4281-011-011. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Santa Monica neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,295,000
- 6.5%
- $2,050,000
- 7%
- $2,080,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,930,000
- Geo Method
- $1,980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,245,000
- Retail
- $2,040,000
- Mixed-Use
- $2,090,000
- Hospitality
- $2,075,000
- Educational
- $2,460,000
- Residential Income
- $2,165,000
- Energy
- $2,435,000
- Income-Based Land
- $2,155,000
- Food Service
- $1,795,000
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.488
- Latitude
- 34.0276
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
