1433 Wilshire Blvd Santa Monica, CA 90403-5412
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.
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Izzy's Deli Parking Parking Lot & Garage
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SMC6* · Santa Monica, CASanta Monica. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.