701 SANTA MONICA BLVD Santa Monica CA 90401-2623

For registration requirements and regulations, please review here or Alexsis Aguirre | 949-799-4658 | aaguirre@crexi.com.

Property tours are available by appointment only. Please contact the listing broke to schedule a tour.

The 3-story building sits on a 15,006 SF lot located on the signalized corner of Santa Monica Blvd and 7th Street in the heart of Downtown Santa Monica. Currently, 59% of the building is occupied. The remaining 41% of the building could be utilized by an owner/user. The building comes with two cell towers from AT&T and Verizon with both have annual increases.

• Non-Contingent

• Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price

• Marketing Fee: 1.5% of the Winning Bid Amount, $20,000 minimum

• $10,000 Participation Deposit

• Close of Escrow: December 28, 2023

701 Santa Monica Blvd, Santa Monica, CA 90401

• Generational Real Estate located in the heart of Downtown Santa Monica
• Zoning allows medical office
• Value-Add at 83.28%
• A few blocks from 3rd St promenade and the beach
• 54 parking spaces with 6 additional tandem spaces
• Corner location with visibility from SM Blvd/7th St and SM Blvd/Lincoln interstate for possible signage
• Seismic retrofitting was completed in 2020 and approved by the City of Santa Monica in 2020