$4,950,000
1306 Wilshire Boulevard Santa Monica, CA 90403
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$4,950,000
Est. payment /mo
5,720 SqFt
Active
1306 Wilshire Boulevard Santa Monica, CA 90403
UPDATED:
10/24/2024 09:27 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,720 sqft
Price per Sqft $865
MLS Listing ID CL24456619
HOA Y/N No
Year Built 1948
Lot Size 10,507 Sqft
Acres 0.24
Property Description
We are pleased to offer for sale the rare investment opportunity to acquire a multi-tenant retail building in the epicenter of the famed coastal city of Santa Monica. 1306 Wilshire Blvd sits prominently on the highly trafficked signalized intersection of Wilshire Blvd and Euclid St in the popular Mid-City area of Santa Monica. Bordered by two major thoroughfares, Wilshire and Olympic Boulevards, and two E Line stations, the Mid-City area in Santa Monica is an easily accessible neighborhood known for its arts and entertainment offerings as well as top-notch eateries. Available to be purchased for the first time in decades, the property consists of 5,720 square feet situated on a 10,504 gross square foot corner lot with on-site parking for 10 vehicles. The parcel is zoned Santa Monica C6* within the highly desirable Mixed-Use Boulevard District. Due to its location, the property offers a wide variety of potential uses. Current tenants include the popular La Monarca Bakery as well as a hair salon, pet clinic, and tutor center. All tenants are long term on NNN leases, and there remains significant untapped rental upside for a new owner. Within walking distance to the beach, high-end dining, and nightlife, 1306 Wilshire Blvd presents an astute investor with the quintessential opportun
Location
State CA
County Los Angeles
Area Listing
Zoning SMC6
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Building
New Construction No
Others
Tax ID 4282004020
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Robert Renshaw • REMAX COMMERCIAL & INVESTMENT REALTY
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