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32784236
32784235

1031-1033 Montana Avenue, Santa Monica, CA 90402 For Sale

SH
CA CA 310.899.2728
Lee & Associates - Los Angeles - West
Lee & Associates - Los Angeles - West
Listed by Lee & Associates - Los Angeles - West
$6,995,000
68 days on market
Updated 26 days ago

1031 - 1033 Montana Avenue

Details
Property Type Retail
Square Footage 2,929
Units 8
NOI $285,202
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 03/31/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options Two (2) · 5-Year Options
Class B
Year Built 1950
Year Renovated 2015
Buildings 1
Stories 1
Lot Size (SqFt) 5,380
Zoning SMC2YY
Parking Spaces 8 spaces
Parking per 1,000 SqFt 2.73
Investment Type Net Lease
Lease Commencement 03/11/2023
Ground Lease No
Sale Condition N/A

Rare Corner Retail NNN Investment on iconic Montana Avenue

Marketing description

1031 – 1033 Montana Avenue presents a rare opportunity to acquire a fully leased, single-tenant NNN retail investment located along one of Montana Avenue's most coveted corridors. The ±2,929 SF building, situated on a ±5,380 SF lot, has been fully renovated and offers exceptional street frontage, prominent visibility, and strong pedestrian traffic driven by affluent surrounding demographics.

The property is 100% leased to Restore Hyper Wellness, a nationally recognized, membership-based wellness concept, under a long-term triple net lease providing stable, passive income with 3% annual increases and minimal landlord responsibilities. Positioned in the heart of Santa Monica's premier coastal market, just moments from the beach, Palisades Park, and high-end retail and dining—this asset combines secure cash flow with long-term appreciation potential in one of Los Angeles' most supply-constrained and desirable submarkets.

Investment highlights

  • Exceptional visibility along one of Santa Monica's most sought-after retail corridors
  • Large display windows for maximum exposure
  • Surrounded by high-income demographics with strong consumer spending
  • Steps from premier dining, boutique retail, and everyday amenities
  • Consistent tenant demand with a strong mix of local and national brands
  • Close proximity to Palisades Park and the beach
  • Easy access to Pacific Coast Highway and key Westside thoroughfares
  • Fully Renovated in 2015

Listing Contacts

SH
CA CA 310.899.2728
Lee & Associates - Los Angeles - West
Lee & Associates - Los Angeles - West
Listed by Lee & Associates - Los Angeles - West

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$285,202.00
$23,766.83/mo

Valuation Metrics

0
DSCR
4.08%
Cap Rate
4.08%
ROI

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Additional Information

Name
Spencer Horak
License
CA 310.899.2728
Brokerage Phone
3108992728
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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