1248 5th Street Santa Monica, CA 90401
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
3 months ago | Listing updated with changes from the MLS® | |
3 months ago | Listing first seen online |
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.