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FAITS SAILLANTS DE L'INVESTISSEMENT
- Rare Redevelopment Opportunity with Prime Frontage and Visibility
- Strong Market Fundamentals and Long-Term Growth Potential
- Unmatched Access to Silicon Beach: A Premier Residential Demand Driver
- Irreplaceable Location in a High-Demand Coastal Market
- Alignment with City Objectives and Housing Needs
- Santa Monica Airport Closure Fueling Future Growth
RÉSUMÉ DE L'ANNONCE
DOWNLOAD THE OM: https://www.collierswesternregion.com/land-development/for-sale/15011511-wilshire-santa-monica-california/35099165/
1501-1511 Wilshire is a premier 0.86-acre corner lot redevelopment opportunity in Santa Monica, California, boasting over 150 feet of frontage along Wilshire Boulevard and an ideal location across the street from the UCLA Medical Center.
Situated in the core of Santa Monica’s coveted Wilshire/Montana neighborhood and comprising two contiguous parcels with 10,113 square feet of existing vacant retail improvements, the site is ideally positioned for a mixed-use residential conversion that aligns with the city’s long-term urban planning goals and strong housing demand.
Santa Monica continues to outperform as a premier coastal market, driven by high barriers to entry, limited supply, and sustained demand from affluent renters and homebuyers alike. Multifamily fundamentals remain robust: Q1 2025 saw net absorption surge by 55.6%, while vacancy dropped by 1.2 percentage points year-over-year, reinforcing confidence in both near-term lease-up and long-term asset performance.
With zoning and market conditions increasingly favorable to higher residential density, 1501-1511 Wilshire offers an unmatched opportunity to reimagine a prime corner within one of California’s most prestigious markets.
1501-1511 Wilshire is a premier 0.86-acre corner lot redevelopment opportunity in Santa Monica, California, boasting over 150 feet of frontage along Wilshire Boulevard and an ideal location across the street from the UCLA Medical Center.
Situated in the core of Santa Monica’s coveted Wilshire/Montana neighborhood and comprising two contiguous parcels with 10,113 square feet of existing vacant retail improvements, the site is ideally positioned for a mixed-use residential conversion that aligns with the city’s long-term urban planning goals and strong housing demand.
Santa Monica continues to outperform as a premier coastal market, driven by high barriers to entry, limited supply, and sustained demand from affluent renters and homebuyers alike. Multifamily fundamentals remain robust: Q1 2025 saw net absorption surge by 55.6%, while vacancy dropped by 1.2 percentage points year-over-year, reinforcing confidence in both near-term lease-up and long-term asset performance.
With zoning and market conditions increasingly favorable to higher residential density, 1501-1511 Wilshire offers an unmatched opportunity to reimagine a prime corner within one of California’s most prestigious markets.
FAITS SUR LA PROPRIÉTÉ
| Prix | 15 898 751 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 1 572 $ CAD / pi² | Individuellement en vente | 0 |
| Condition de vente | Propriété à inoccupation élevée | Taille totale du bâtiment | 10 116 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,86 AC |
| Statut | Actif |
| Prix | 15 898 751 $ CAD |
| Prix/pi² | 1 572 $ CAD / pi² |
| Condition de vente | Propriété à inoccupation élevée |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 10 116 pi² |
| Superficie totale du terrain | 0,86 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 1501 Wilshire Blvd, Santa Monica, CA 90403 | Commerce de détail | 6 816 pi² | 1932 | - |
| 1511 Wilshire Blvd, Santa Monica, CA 90403 | Commerce de détail | 3 300 pi² | 1950 | - |
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1501-1511 Wilshire
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