Mixed Use Office Building

This Prime Investment Opportunity or Owner/User Opportunity is in the Heart of Santa Monica. Ideally situated a block away from the Santa Monica Beach along major Main St in Downtown Santa Monica, the property gives way to unmatched walk-ability and excellent access to transit, including the Metro Expo Line, Pacific Coast Highway and the 10 Freeway. With its unique combination of construction types and visibility, the Property offers tremendous flexibility to accommodate a variety of uses, Bay & Main is a rare opportunity for buyers looking to own a historic landmark that fits seamlessly within Santa Monica’s work-play standard of living. The 1920 Main St Creative Office Building has High End Finishes throughout. Property Comprised of 10,065 SF Creative Office Building & Two 2-Story Office Buildings (approximately 3,900 SF and 3,700 SF).

Investment Highlights

• Excellent owner/user and investment opportunity with significant income upside for a high-end creative office and two mixed-use buildings.
• Property showcases a hybrid work-play environment with outdoor patio space, modern improvements, and beach vibes.
• Walkable to nearby retailers, fitness, and dining amenities on Main Street and attractions on the Santa Monica Pier.
• Proximity to the Metro Expo Line, Pacific Coast Highway, and the 10 Freeway for seamless connectivity throughout the greater Los Angeles area.
• Over 5 million visitors and counting visit Santa Monica annually, making it one of the Top 10 Beach Cities in the World (National Geographic).
• The City of Santa Monica has a robust and diversified economy, boasting a growing biotech sector, global wellness hub, and sustainable businesses.

Executive Summary

Beitler Commercial Realty Services is pleased to offer 145-147 Bay Street and 1920 Main Street in the heart of Santa Monica for sale. This prime investment and owner/user opportunity presents 17,569 square feet across three buildings embellished with high-end finishes. The site comprises 10,068 square feet of high-end creative office and two historical two-story mixed-use buildings totaling 7,500 square feet (each approximately 3,900 square feet and 3,700 square feet).

Ideally situated a block from Santa Monica Beach along Main Street in Downtown Santa Monica, the property gives way to unmatched walkability to nearby amenities and transit. Many shopping, dining, entertainment, health, and wellness conveniences are located a block from 145-147 Bay Street and 1920 Main Street. Public transit via the Metro Expo Line for the Big Blue Bus lies adjacent to the property, connecting auto-free travelers to the University of Los Angeles and Venice Beach. Easy to access, the offices are less than a mile from the Pacific Coast Highway and the 10 Freeway.

Santa Monica is a vibrant coastal city in Los Angeles County, California. It is known for its beautiful beaches, lively pier, excellent dining and shopping options, and Silicon Beach’s bustling tech industry. With a pleasant year-round climate, Santa Monica has become a popular destination for tourists, residents, and businesses. The city has a diverse and thriving economy that attracts various businesses, from tech startups to established companies. The city’s proximity to Los Angeles and other major Southern California cities makes it an ideal location for businesses looking to expand their reach. Additionally, Santa Monica is home to a highly educated and skilled workforce, thanks in part to several world-renowned universities in the area. This employee base and a strong local economy make Santa Monica an excellent place to establish and grow a business.

With its unique combination of construction types and visibility, the property offers tremendous flexibility to accommodate a variety of uses. The 145-147 Bay Street and 1920 Main Street property is a rare opportunity for buyers looking to own a historic landmark that fits seamlessly within Santa Monica’s work-play standard of living.

Property Facts

Sale Type: Investment or Owner User

Property Type: Office

Property Subtype: Loft/Creative Space

Building Size: 17,659 SF

Building Class: B

Year Built: 1913

Price: $11,300,000

Price Per SF: $640

Percent Leased: Vacant

Tenancy: Multiple

Building Height: 2 Stories

Typical Floor Size: 8,830 SF

Building FAR: 0.99

Land Acres: 0.41 AC

Zoning: C3, Santa Monica

Amenities

• 24 Hour Access
• Conferencing Facility
• Security System
• Partitioned Offices
• Air Conditioning
• Balcony

Space Availability

1st Floor

Size: 10,065 SF

Space Use: Office

Condition: Full build-Out

Available: Now

About Santa Monica Office for Sale

Santa Monica has long been considered one of the more highly sought-after office locations in Greater Los Angeles. The city forms the core of Silicon Beach, given the concentration of technology firms in the area. Companies are located here for several reasons, including the appealing beach lifestyle, the amenities in Downtown Santa Monica, the robust technology ecosystem in place, and the proximity to some of the most expensive executive housing in Los Angeles. Locating in Santa Monica is seen by many as a recruiting tool.

Santa Monica has been known as a tech and creative hotbed for decades, with firms small and large. Snap, Inc., Activision, Lionsgate Entertainment Corp, the RAND Corporation, and Hulu are among the largest companies in the area. Numerous startups have chosen to locate here. Much of the venture capital ecosystem in Los Angeles resides in Santa Monica. There are also a fair amount of more traditional companies, such as law firms and investment managers.

Santa Monica welcomes millions of visitors who spend billions of dollars in the city annually. This adds to the area’s vibrancy and supports the numerous retail amenities available for office tenants to enjoy.