$50,000,000
1248 5th Street, Santa Monica 90401
37,501
Lot Size
Listing Agent
Conor Halloran - Lee & Associates Los Angeles West Inc.Lee & Associates Los Angeles West Inc. & Bond Street Partners, acting as the exclusive advisor, are pleased to present the investment opportunity to acquire the 100% fee simple interest in 1248 5th Street, known as the Santa Monica Post Office. This iconic property offers an unprecedented opportunity to capitalize on Santa Monica's March 2023 Housing Element update to build 157 luxury residences anchored by 32,900 square feet of existing, architecturally stunning retail in the heart of Downtown Santa Monica. With its multi-level design, this two-story, historical building stands as a remarkable landmark and perfect jewel box owner-user compound with development potential. Its enviable location provides immediate access to a vibrant technology and creative community, prestigious shops, renowned restaurants, nightlife, and attractions, ensuring strong rental absorption and retail fundamentals. Boasting meticulously preserved interiors that exude an air of sophistication and charm, this space is truly unrivaled and ready for an investor to reinvent the asset into a world-class destination. Visit www.santamonicapostoffice.com for more information.
Facts & Features
MLS® # | 24355773 |
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Price | $50,000,000 |
Bathrooms | 0.00 |
Lot Size | 37,501 |
Year Built | 1938 |
Type | Commercial Sale |
Status | Active |
Community Information
Address | 1248 5th Street |
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Area | C14 - Santa Monica |
City | Santa Monica |
County | Los Angeles |
Zip Code | 90401 |
Amenities
Utilities | Natural Gas Available |
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Parking Spaces | 87 |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
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Fireplace | No |
# of Stories | 2 |
Exterior
Exterior | Concrete |
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Lot Description | Corner Lot, Rectangular Lot |
Roof | Concrete, Flat |
Construction | Concrete |
Additional Information
Date Listed | February 6th, 2024 |
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Days on Market | 114 |
Zoning | SMC3C* |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Conor Halloran |
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Office | Lee & Associates Los Angeles West Inc. |