431 Wilshire Blvd - Bank FOR SALE


Santa Monica, CA 90401- Wilshire Montana
$4,790,000 USD
562-234-9847
431 Wilshire Blvd, Santa Monica, CA for Sale
$4,790,000 USD
Bank - FOR SALE
1/5
null | Request Cap Rate

431 Wilshire Blvd
Santa Monica, CA 90401
Wilshire Montana


OVERVIEW

Lee & Associates is pleased to present 431 Wilshire Boulevard, a freestanding retail building located at the signalized intersection of Wilshire Boulevard and 5th Street in Downtown Santa Monica. The property consists of approximately ±4,996 square feet plus ±1,000 square feet of mezzanine office space situated on a ±4,996 square foot parcel. Originally constructed in 1954, the building offers strong corner visibility, dual street frontage, and immediate proximity to the 3rd Street Promenade, Ocean Avenue, and surrounding residential density. The asset is currently vacant, providing flexibility for an owner-user seeking long-term occupancy control or an investor looking to reposition and lease the property in one of Southern California’s most supply-constrained coastal markets.

FOR SALE DETAILS

PRICE

$4,790,000 USD

PRICE/SF

$959 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

CROSS STREETS

5th St

LAND ACRES

0.11 AC

LAND SF

4,996 SF

ZONING

C3

APN/PARCEL ID

4292-013-010

ASK ABOUT THIS PROPERTY

Kurt HertzogLee & AssociatesMore Info
562-234-9847

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Kurt HertzogLee & AssociatesMore Info
562-234-9847

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