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
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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.
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