2300 Lincoln Blvd Santa Monica, CA 90405-2530
- Retail space
- 7,032 SF
- 0.21 lot acres
Oct 17, 2024
Current Use by Public Records
- Printing Palace / Commercial Printer
Property Details for 2300 Lincoln Blvd
- Year built
- 1924
- Construction
- WOOD
- Lot size
- 0.21 lot acres
- Property size
- 7,032 SF
- Zone code
- SMC4*
- Property type
- Retail space
- APN
- 4289-001-006
- APU
- 4289001006
Description
This exceptional 7,032 square foot retail storefront, located at 2300 Lincoln Boulevard in the vibrant Ocean Park neighborhood of Santa Monica, California, presents a compelling investment opportunity. Situated on a 9,362 square foot lot, this property boasts a prime location on Lincoln Boulevard, a major north-south thoroughfare, just five blocks south of Interstate 10, ensuring high visibility and accessibility. The building, constructed in 1924, features two units: a larger space of approximately 5,030 square feet and a smaller space of approximately 2,000 square feet. Currently occupied by short-term tenants, this presents a unique chance for repositioning and maximizing rental income. The property includes three parking spaces in the rear, a rare amenity in this location. With an average daily traffic count of approximately 50,900 vehicles, this corner property offers unparalleled exposure. The permitted zoning is SMC4*. The property's location offers easy access to major transportation arteries and is only eight miles from LAX, placing it within convenient reach of a vast customer base. Its proximity to other popular Southern California cities like Beverly Hills and Hollywood further enhances its appeal. This is a rare opportunity to acquire a well-located retail property with significant upside potential in a high-demand market. The property's location and current lease terms make it an attractive investment for those seeking immediate returns and long-term growth.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,595,000
- 6.5%
- $2,395,000
- 7%
- $2,225,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,350,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Santa Monica
- County
- Los Angeles
- State
- California
- Longitude
- -118.48
- Latitude
- 34.0095
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA