www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31367527
31367966

728, 732, 734 Montana Ave, Santa Monica, CA 90403

TM
CA 01232033
WESTMAC
ET
CA 01948923
WESTMAC
WC
02072494
WESTMAC
Listed by WESTMAC
$10,250,000
2767 days on market
Updated 10 days ago

728-734 Montana Avenue

Details
APN 4292-001-001 ; 4292-001-004
Property Type Retail, Mixed Use
Sub Type Commercial
Square Footage 8,412
Units 27
Cap Rate 4.97%
NOI $509,602
Tenancy Multi
Pro-Forma Cap Rate 5.96%
Pro-Forma NOI $610,462
Year Built 1999
Buildings 1
Stories 2
Lot Size (SqFt) 13,526
Zoning SMNC
Parking Spaces 27 spaces
Parking Per SqFt 3.21
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Retail | 4.97% CAP | 8,412 SqFt

Marketing description

WESTMAC Commercial Brokerage Company, as exclusive agent, is pleased to present the sale of 728–734 Montana Avenue in Santa Monica, California—a two-story mixed-use investment opportunity located at the signalized intersection of Montana Avenue and Lincoln Boulevard. The property consists of an approximately 8,412-square-foot building on roughly 13,500 square feet of land, including a dedicated on-site parking lot. The building features three ground-floor retail units (one retail tenant occupies two units) and six loft-style residential apartments above, many with balcony access, offering the rare opportunity to live directly on Montana Avenue.

Positioned within the highly desirable Montana Avenue Shopping District, the property benefits from exceptional visibility, strong foot traffic, and proximity to major transportation routes including the I-10 and I-405 freeways. The surrounding Wilshire–Montana and North of Montana neighborhoods provide a dense, affluent customer base, complemented by a strong daytime population from nearby employment hubs such as Santa Monica, Brentwood, and Silicon Beach. The area is known for its curated mix of boutique retail, dining, fitness, and lifestyle tenants, as well as historically low vacancy and consistent consumer demand.

Located just one mile from Santa Monica Beach, the Pier, and Third Street Promenade, and a half mile from Palisades Park and the Pacific Ocean, the property is ideally situated near key lifestyle and tourism destinations. With its flexible layout, high-quality design, on-site parking, and prime coastal location, 728–734 Montana Avenue represents a rare opportunity to acquire a well-located mixed-use asset in one of the most competitive and supply-constrained markets in the country, offering both stable income and long-term appreciation potential.

Investment highlights

  • Stable, Increasing Cash Flow - Annual increases built into the retail leases provide a consistently growing cash flow. Opportunity to bill back utilities to tenants.
  • Location Upside - Benefits from Santa Monica’s booming tourism economy and Silicon Beach market drivers, including influx of employees and demand for housing, making Santa Monica an exclusive place to live and work.
  • High Demand, Low Supply - Supply and demand imbalance in Santa Monica leaves a lack of quality real estate options for buyers.
  • Proven location with high tenant retention; ease of management
  • Meticulously maintained property
  • High visibility at signalized Montana-Lincoln intersection
  • Newer construction - building built in 1999
  • Ample parking in rear lot (27 spaces)
  • Walking distance to outstanding shopping, dining, fitness and hospitality amenities
  • Unbeatable location blocks from popular tourist hot spots - Santa Monica Beach, Santa Monica Pier, Third Street Promenade, and Palisades Park
  • Easily accessible by public transportation

Listing Contacts

TM
CA 01232033
WESTMAC
ET
CA 01948923
WESTMAC
WC
02072494
WESTMAC
Listed by WESTMAC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$509,602.00
$42,466.83/mo

Valuation Metrics

0
DSCR
4.97%
Cap Rate
4.97%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591