4-UNIT COMMERCIAL CENTER NEAR SANTA MONICA HIGH SCHOOL from Jodi Summers
4-UNIT COMMERCIAL CENTER NEAR SANTA MONICA HIGH SCHOOL
707-715 Pico Boulevard, Santa Monica, CA 90405

Jodi Summers

Sotheby’s International Realty

310.392.1211

jodi@jodisummers.com

 

4-UNIT COMMERCIAL CENTER NEAR SANTA MONICA HIGH SCHOOL

707-715 Pico Boulevard, Santa Monica, CA 90405

Price: $2,200,000

Gross Leasable Area: 3,804 SF

Price/SF: $578.34

Property Type: Retail, Community Center

Cap Rate: 4.52%

Occupancy: 100%

No. Stories: 1

Tenancy: Multiple

Year Built: 1925

Lot Size: 5,110 SF

 

Description

Adjacent to Santa Monica High School, and part of a city transit hub, this retail building on Pico Blvd., west of Lincoln Blvd. offers tremendous opportunity, allowing you to collect a 4.52% capitalization rate while you plan the property’s future.

Located one block west of Lincoln Blvd. in one of the most desirable neighborhoods in the United States.

 

 

Financial Summary - Actual 2015

Scheduled Gross Income: $132,677

Operating Expenses: $33,237

Net Operating Income: $99,440

 

Major Tenant Information

Tenant                              SF Occupied           Lease End Date         

Reds Swedish Pizza                    850               3/1/2018      

Clutter                                          450               3/1/2018      

Pico Youth & Family Center         2,500

 

Please contact us for more information.

 

Best,

 

Jodi Summers

Broker Associate

Sotheby’s International Realty

310.392.1211

jodi@jodisummers.com

www.SoCalMultiUnitRealEstateBlog.com

CalBRE - 01343854

**

All truths are easy to understand once they are discovered; the point is to discover them. - Galileo Galilei 

 

 

 

 

 

p.s. This is not intended as a solicitation if your property is already listed with another agent. Broker/Agent may not hold the listing on this property and does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources.

Jodi Summers
Broker Associate

DRE #01343854
+1 310.430.9749 | jodi@jodisummers.com.deactivated
www.santamonicapropertyblog.com/


Sotheby’s International Realty
15308 Sunset Blvd.
Pacific Palisades, CA 90272
+1 310.392.1211
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© 2024 Sotheby’s International Realty, Inc. All rights reserved. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractors and are not employees of Sotheby’s International Realty, Inc.