3021 Lincoln Blvd Santa Monica, CA 90405-5734
This exceptional mixed-use property, located at 3021 Lincoln Blvd in Santa Monica, California (90405), presents a rare investment opportunity. Priced at $2,495,000, the 100% vacant, two-story building offers a ground-floor commercial space previously operating as a bar-restaurant, and a 2-bedroom, 1-bathroom residential unit upstairs. Completely rebuilt in 2009 to current building codes following a fire, the structure boasts significant upgrades including earthquake retrofitting, a 750-gallon grease trap, a fire sprinkler system, infiltration pits, and air conditioning. The property is ADA compliant (per final inspection). The commercial space is equipped for open-flame cooking with a hood and is ideally suited for either fine dining or fast-casual establishments. Outdoor seating is permitted, including a rear patio area accommodating three parking spaces and two tables at the front. Previous tenants held beer and wine licenses, and the property benefits from a grandfathered exemption for off-license alcohol sales. Recent roof coating ensures long-term maintenance. This prime location across from Whole Foods on Lincoln Boulevard in the heart of Santa Monica makes this a truly unique opportunity.
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LA Draught Restaurant
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
SMC4* · 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.