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$50,000,000
110 Days Online

1248 5th Street
Santa Monica, CA 90401

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
33,294
SqFt
$1,502
/SqFt
1938
Built
County:
Los Angeles
Listed by Conor Halloran of Lee & Associates Los Angeles West Inc. ?
1248 5th Street1248 5th Street1248 5th Street1248 5th Street
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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.

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Listing Snapshot
Price 
$50,000,000
Days Online 
110 Days
Bedrooms 
N/A
Inside Area (SqFt) 
33,294 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.8609 Acres
Year Built 
1938
MLS® Number 
24355773
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS®
4 months agoListing first seen online
General Features
Construction 
Concrete
Building Features 
ElevatorsPhone SystemRecreation Room
Parking Spaces 
87
Electric 
Standard
Number of Stories 
2
Acreage 
0.8609
Water 
Public
Utilities 
Natural Gas Available
Zoning 
SMC3C*
Listing Conditions 
Standard
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Exterior Features
Roof 
ConcreteFlat
Lot 
Corner LotRectangular Lot
Other Structures 
Living Quarters
Community Features
Association Dues 
0
MLS Area 
C14 - Santa Monica
Building Features 
ElevatorsPhone SystemRecreation Room


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.

Neighborhood & Commute
Source: Walkscore
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