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Mixed-Use Investment in Santa Monica’s Montana Shopping District

$11,000,000

728-734 Montana Avenue, Santa Monica, CA 90403

Active
Last Updated: 03/28/2026

4.58

Cap Rate

606,185

Proforma NOI

Details:
Cap Rate:    4.58%
Proforma NOI:    $606,185
Pro Forma Cap Rate :    5.51%
Building Size:    8,412 sqft
Lot Area:    13,526 sqft
Year Built:    1999
Zoning:    SMNC
Floors:    2
Highlights:
  • Proven location with high tenant retention; ease of management
  • Meticulously maintained property
  • High visibility at signalized Montana-Lincoln intersection
  • Newer construction - building built in 1999
  • Ample parking in rear lot (27 spaces)
  • Walking distance to outstanding shopping, dining, fitness and hospitality amenities
  • Unbeatable location blocks from popular tourist hot spots - Santa Monica Beach, Santa Monica Pier, Third Street Promenade, and Palisades Park
  • Easily accessible by public transportation
Description:

WESTMAC Commercial Brokerage Company, as exclusive agent, is pleased to present the sale of 728–734 Montana Avenue in Santa Monica, California—a two-story mixed-use investment opportunity located at the signalized intersection of Montana Avenue and Lincoln Boulevard. The property consists of an approximately 8,412-square-foot building on roughly 13,500 square feet of land, including a dedicated on-site parking lot. The building features three ground-floor retail units (one retail tenant occupies two units) and six loft-style residential apartments above, many with balcony access, offering the rare opportunity to live directly on Montana Avenue.

Positioned within the highly desirable Montana Avenue Shopping District, the property benefits from exceptional visibility, strong foot traffic, and proximity to major transportation routes including the I-10 and I-405 freeways. The surrounding Wilshire–Montana and North of Montana neighborhoods provide a dense, affluent customer base, complemented by a strong daytime population from nearby employment hubs such as Santa Monica, Brentwood, and Silicon Beach. The area is known for its curated mix of boutique retail, dining, fitness, and lifestyle tenants, as well as historically low vacancy and consistent consumer demand.

Located just one mile from Santa Monica Beach, the Pier, and Third Street Promenade, and a half mile from Palisades Park and the Pacific Ocean, the property is ideally situated near key lifestyle and tourism destinations. With its flexible layout, high-quality design, on-site parking, and prime coastal location, 728–734 Montana Avenue represents a rare opportunity to acquire a well-located mixed-use asset in one of the most competitive and supply-constrained markets in the country, offering both stable income and long-term appreciation potential.

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