Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3003 Pennsylvania Ave Santa Monica, CA 90404

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3003 Pennsylvania Ave Santa Monica, CA 90404

    View on Map
    • Manufacturing properties
    • 5,605 SF
    • 0.16 lot acres
    For Lease
    View Listing →
    Office Space Available For Lease For Lease
    Contact for pricing

    Office Space Available For Lease

    Office space for lease at 3003 Pennsylvania Ave, Santa Monica.

    3003 Pennsylvania Ave, Santa Monica, CA 90404
    View Listing
    Property ID
    US10-0318035
    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

    • Peri / (Bike/Boat/Book/etc) Store / Corporate Office
    • Rule 14 / Consultant
    • HGM / Business Management Consultant
    • Zuma / Bank / Credit Union
    • PLEXUS / Business Management Consultant

    Property Details for 3003 Pennsylvania Ave

    Year built
    1956
    Construction
    TILT-UP CONCRETE
    Lot size
    0.16 lot acres
    Property size
    5,605 SF
    Zone code
    SMLMSD*
    Property type
    Manufacturing properties
    APN
    4268-004-019
    APU
    4268004019

    Description

    This exceptional 5,600-square-foot office space at 3003 Pennsylvania Avenue in Santa Monica, California, presents a unique opportunity for a single tenant. Located in the desirable Santa Monica submarket, this Class B building offers a blend of executive and creative office space, perfect for a company seeking a prestigious address. Built in 1956 and extensively renovated in 2012, the property boasts modern amenities within a classic structure. The entire 5,600 square feet is currently vacant, providing immediate occupancy for a new tenant. The single-story building sits on a 6,823-square-foot lot, offering ample space and potential for outdoor use, subject to zoning regulations. The property's zoning is designated as SMLMSD*, and its APN is 4268-004-019. This location provides easy access to Santa Monica's vibrant business district, renowned restaurants, and cultural attractions. The property's address is 3003 Pennsylvania Avenue, Santa Monica, CA 90404. This is an excellent opportunity to secure a well-maintained, spacious office in a highly sought-after location. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.465
    Latitude
    34.0329
    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
    $15,701
    $603,384
    $628,879
    $1,232,263
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,220,000
      14,958 SF

      1657 12th St

      MANUFACTURING (LIGHT) • 14,958 SF
      1657 12th St, Santa Monica, CA 90404-3709
      View Details
    • Value Estimation
      $505,000
      5,532 SF

      1725 Berkeley St

      MANUFACTURING (LIGHT) • 5,532 SF
      1725 Berkeley St, Santa Monica, CA 90404-4104
      View Details
    • Value Estimation
      $1,330,000
      15,000 SF

      2110 Broadway

      MANUFACTURING (LIGHT) • 15,000 SF
      2110 Broadway, Santa Monica, CA 90404-2912
      View Details
    • Value Estimation
      $1,940,000
      23,925 SF

      2202 Broadway

      MANUFACTURING (LIGHT) • 23,925 SF
      2202 Broadway, Santa Monica, CA 90404-2914
      View Details
    • Value Estimation
      $570,000
      5,570 SF

      1548 18th St

      MANUFACTURING (LIGHT) • 5,570 SF
      1548 18th St, Santa Monica, CA 90404-3404
      View Details
    • Value Estimation
      $740,000
      6,988 SF

      1831 Colorado Ave

      MANUFACTURING (LIGHT) • 6,988 SF
      1831 Colorado Ave, Santa Monica, CA 90404-3447
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,570 SF

      Light Industrial/Office Building For Sale

      Light industrial/office building with investment or owner-user potential.
      1548-1550 18Th St, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      8,256 SF

      Creative Office Building in Santa Monica

      Creative office building in Santa Monica's Media District for sale.
      1646 19Th St, Santa Monica, CA 90404
      View Details
    • $9,519,120
      16,272 SF

      Corner Standalone Industrial Building

      Standalone building with bow truss roof in Bergamot area.
      2948 Colorado Ave, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Santa Monica Multifamily Investment Opportunity

      Well-located 6-unit multifamily property near the beach.
      1813 9Th St, Santa Monica, CA 90404
      View Details
    • $3,200,000
      5,536 SF

      Santa Monica Multifamily Investment Opportunity

      8-unit apartment building with upgrade potential in Santa Monica.
      1233 14Th St, Santa Monica, CA 90404
      View Details
    • $1,965,000
      2,544 SF

      Santa Monica Quadruplex Investment Opportunity

      Four units, updated interiors, expansion potential in prime Santa Monica.
      2117 Stewart St, Santa Monica, CA 90404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Santa Monica Commercial Space Available

      Located in Santa Monica's technology and media district.
      1527 26Th St, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Creative Space with Modern Interior

      Renovated flex/industrial/creative/office space with ample parking.
      1657-1669 12Th St, Santa Monica, CA 90404
      View Details
    • $3 SF/Yr
      4,528 SF

      Santa Monica Flex Space Available

      Flex space featuring high ceilings, loading door, and mezzanine office.
      1631-1645 17Th St, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      8,921 SF

      Santa Monica Warehouse Space Available

      Industrial warehouse space for lease in Santa Monica, CA.
      1523-1527 26Th St, Santa Monica, CA 90404
      View Details
    • $3 SF/Yr
      1,488 SF

      Santa Monica Creative/Flex Space

      Creative/flex space available for rent in Santa Monica.
      2884-2908 Colorado Ave, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      7,500 SF

      Santa Monica Industrial Office Space

      Freestanding industrial office space for lease in Santa Monica.
      2230 Michigan Ave, Santa Monica, CA 90404
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3003 Pennsylvania Ave
    Santa Monica, CA 90404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!