Exceptional Owner/User & Investment Opportunity in Downtown Santa Monica

830 Colorado Ave Santa Monica, CA 90401

Santa Monica
FOR SALE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Jan 08, 2024

Highlights

  • Size: 2,809 SF
  • Land SF: 6,098 SF
  • Zoning: SMM1
  • APN: 4283-001-004
  • Parking: Private gated lot with a parking ratio of 2.41/1,000 SF
  • Accessibility: Walking distance to the Metro's Colorado stop, and minutes to all major highways.
  • Amenities: Third Street Promenade, Ocean Avenue, Santa Monica Pier, countless walkable restaurants, bars, personal services and shops.

Description

Executive Summary

Compass is proud to present a rare and exceptional investment opportunity in the heart of Santa Monica. This prime office building, located at 830 Colorado Avenue, offers a strategic location ideal for both owner-users and savvy investors seeking a foothold in Southern California's most vibrant and sought-after commercial real estate market.

Ideal for Owner-Users: This property is perfectly suited for businesses looking to establish or expand their presence in Santa Monica. The flexible floor plan allows for customization, and its prime location provides convenience and visibility.

Attractive Investment Opportunity: For investors seeking stable, long-term returns, 830 Colorado Avenue is a compelling choice. Santa Monica's robust commercial real estate market and its appeal to a wide range of industries make this property an attractive option for generating rental income and capital appreciation.

Versatile Use: With a design that caters to creative office spaces and accommodating various industry types, this property offers a flexible canvas for businesses to thrive in. Its existing adaptable layout allows for customization, fostering an environment where innovation can flourish.

Situated in the heart of Santa Monica, 830 Colorado Avenue offers unparalleled access to a dynamic business environment, renowned entertainment and dining options, and the world-famous Santa Monica beach. Just steps from the Metro, Third Street Promenade, and easy access to all major highways.


Year Built: 1998
Building Size: 2908sq ft
Building Class: C
Lot Size: 6114.0 acres

Map of 830 Colorado Ave, Santa Monica, CA, 90401

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.