1820 Santa Monica Blvd Santa Monica, CA 90404-1939

This exceptional retail property, located at 1820-1836 Santa Monica Boulevard in Santa Monica, California, presents a rare investment opportunity. The 12,466 square foot building sits on a substantial 29,993 square foot lot (APN: 4275-010-001 | 4275-010-002 | 4275-010-003 | 4275-010-004) and is zoned SMGC (General Commercial). Currently operating as an automotive sales facility, the property offers significant potential for redevelopment. The asking price is $18,000,000. Alternatively, a ground lease is available for a term up to 99 years at a monthly rate of $120,000. This hard-corner, signalized site boasts impressive visibility and high traffic counts of 31,350 vehicles per day. Its prime location on Santa Monica Boulevard places it near the beach, Santa Monica Pier, Third Street Promenade, and major transportation hubs, including proximity to the Metro Rail Line. The property's central location offers easy access to major tech employers such as Google, Snapchat, Twitter, Oracle, and Hulu. Potential future uses include medical, residential, retail, and EV parking, making this a truly generational trophy asset in one of the world's most desirable cities. The property allows for income generation while pursuing entitlements for future development.