1548-1550 18th St - Office FOR SALE


Santa Monica, CA 90404- Pico
$4,000,000 USD
310-966-4352
1548-1550 18th St, Santa Monica, CA for Sale
$4,000,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

1548-1550 18th St
Santa Monica, CA 90404
Pico


HIGHLIGHTS

  • Positioned in Santa Monica’s Mid-City corridor with direct access to Olympic Boulevard, Santa Monica Boulevard, and the Metro E Line station.
  • Half of the building is leased to Salinas Music through April 2029, while the remaining space will be delivered vacant for owner-user flexibility.
  • Located in a high-income area with a median household income of $139,797 within a 1-mile radius and a Walk Score of 86 and Bike Score of 98.
  • Surrounded by major institutions including Santa Monica College, UCLA Health, and creative office campuses.

OVERVIEW

WESTMAC Commercial Brokerage Company presents an exclusive opportunity to acquire 1548-1550 18th Street, a ±5,570 SF single-story commercial building located in Santa Monica’s Mid-City corridor. This property offers a compelling owner-user or investment scenario, with approximately half the building (±2,904 SF) delivered vacant and the other half leased to Salinas Music through April 2029. Built in 1959 and last renovated in 1968, the building sits on a ±7,500 SF lot and is zoned SMM1*/IC for commercial use. The site benefits from excellent connectivity—just blocks from Olympic Boulevard and near the Metro E Line station at 18th and Colorado. It boasts a Walk Score of 86 and a Bike Score of 98, underscoring its accessibility and appeal. Surrounding amenities include Santa Monica College, UCLA Health, and a mix of creative office campuses and residential neighborhoods. Within a 1-mile radius, the median household income is $139,797 and the population exceeds 42,000, reinforcing the area’s long-term commercial viability. This property represents a rare chance to own in one of Southern California’s most desirable coastal markets, offering both immediate utility and long-term upside.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$718 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,497 SF

ZONING

SMM1*

APN/PARCEL ID

4275-012-011

ASK ABOUT THIS PROPERTY

T.C. MackerWESTMAC Commercial Brokerage CompanyMore Info
310-966-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

T.C. MackerWESTMAC Commercial Brokerage CompanyMore Info
310-966-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.