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    2331 4Th St Santa Monica, CA 90405

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    2331 4Th St Santa Monica, CA 90405

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    • Retail space
    • 2,388 SF
    • 0.13 lot acres
    For Sale
    $2,900,000
    View Listing →
    Freestanding Retail Building in Santa Monica For Sale
    $2,900,000
    2,388 SF

    Freestanding Retail Building in Santa Monica

    Unique retail building in a desirable Santa Monica location.

    2331 4th St, Santa Monica, CA 90405
    View Listing
    Property ID
    US09-6280285
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2331 4Th St

    Year built
    1925
    Construction
    TILT-UP CONCRETE
    Lot size
    0.13 lot acres
    Property size
    2,388 SF
    Zone code
    SMOP2*
    Property type
    Retail space
    APN
    4289-007-004
    APU
    4289007004

    Description

    This freestanding retail building, located at 2331 4th Street in Santa Monica, CA 90405, offers 2,388 square feet on a 5,585 square foot lot. Built in 1925, this one-story building features a versatile layout and convenient front and back parking. Recent upgrades include a new HVAC system and roof, along with numerous interior and exterior improvements. The property is situated in a highly desirable area with an affluent residential population and is close to the 10 Freeway, Main Street, Santa Monica Airport, LAX, and public transportation. Zoned SMOP2, this vacant property is available for sale as an owner-user opportunity, priced at $3,495,000. The building's convenient location and recent upgrades make it an ideal investment for businesses seeking a presence in this sought-after Santa Monica neighborhood. The property's APN is 4289-007-004. The building has been vacant since June 6, 2023. This presents a unique opportunity to establish a business in a thriving area with excellent accessibility and a strong residential base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $880,000
      6.5%
      $815,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $520,000
      Market price range: $147k - $520k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.483
    Latitude
    34.0061
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $42,696
    $2,734,114
    $869,446
    $3,603,560
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $650,000
      3,340 SF

      2101 Lincoln Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,340 SF
      2101 Lincoln Blvd, Santa Monica, CA 90405-1318
      View Details
    • Value Estimation
      $3,545,000
      17,757 SF

      2012 Lincoln Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,757 SF
      2012 Lincoln Blvd, Santa Monica, CA 90405-1317
      View Details
    • Value Estimation
      $6,985,000
      23,736 SF

      1912 Lincoln Blvd

      RETAIL STORES (PERSONAL SERVICES) • 23,736 SF
      1912 Lincoln Blvd, Santa Monica, CA 90405-1315
      View Details
    • Value Estimation
      $975,000
      4,688 SF

      2432 Lincoln Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,688 SF
      2432 Lincoln Blvd, Santa Monica, CA 90405-3849
      View Details
    • Value Estimation
      $575,000
      2,850 SF

      2212 Pico Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,850 SF
      2212 Pico Blvd, Santa Monica, CA 90405-1720
      View Details
    • Value Estimation by Request
      1,488 SF

      3215 Pico Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,488 SF
      3215 Pico Blvd, Santa Monica, CA 90405-2113
      View Details

    Similar Nearby for Sale

    • $2,900,000
      2,388 SF

      Santa Monica Retail Opportunity

      Retail property with recent improvements in Santa Monica, CA.
      2331 4Th St, Santa Monica, CA 90405
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      4,060 SF

      Commissary Kitchen with Retail Frontage

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      Iconic Mixed-Use Coastal Building

      Architecturally significant mixed-use property in a prime Santa Monica location.
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    Similar Nearby for Lease

    • $3 SF/Yr

      Santa Monica Corner Retail Space

      Recently renovated retail space in the heart of Santa Monica.
      1302 Pico Blvd, Santa Monica, CA 90405
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      2,070 SF

      Santa Monica Office/Retail Space

      Office or retail space available for lease in Santa Monica.
      2221 Lincoln Blvd, Santa Monica, CA 90405
      View Details
    • $3 SF/Yr
      23,736 SF

      Retail Space in Santa Monica

      Retail space in a prominent shopping center near the beach.
      1910 Lincoln Blvd, Santa Monica, CA 90405
      View Details
    • Contact for pricing
      1,797 SF

      Retail Space in Santa Monica

      Retail space available for lease in Santa Monica, CA.
      828 Pico Blvd, Santa Monica, CA 90405
      View Details
    • Contact for pricing
      1,100 SF

      Main Street Retail Space Available

      Prime retail space on Santa Monica's bustling Main Street.
      2665 Main St, Santa Monica, CA 90405
      View Details
    • Contact for pricing

      Freestanding Retail Building For Rent

      Recently renovated retail building with secured entry and natural light.
      1020 Pico Blvd, Santa Monica, CA 90405
      View Details
    View Listing
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    2331 4Th St
    Santa Monica, CA 90405
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2331 4Th St, Santa Monica, CA, 90405

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