Santa Monica, CA 90401
49 Striped Stalls 38 Additional Stalls via Valet Assist 87 Total Potential Stalls 2.50/1,000 Parking Ratio
THE HISTORIC SANTA MONICA POST OFFICE
9-STORY RESIDENTIAL DEVELOPMENT OPPORTUNITY
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. 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.
ADDRESS: 1248 5th St., Santa Monica, CA 90401
LOT AREA:37,491 SF (0.86 ACRES)
PARKING: 49 Striped Stalls
38 Additional Stalls via Valet Assist
87 Total Potential Stalls
2.50/1,000 Parking Ratio
SQUARE FOOTAGE:± 34,883 SF
BUILT / RENOVATED:1938 / 2019
ZONING:Neighborhood Village (NV)
- The Santa Monica Post Office holds a rich architectural history that reflects the evolution of the city. Originally constructed in 1938 as part of the New Deal program, the building showcases the iconic Art Deco architectural style that was popular during that era. Designed by architect Robert D. Farquhar, the post office features striking geometric shapes, decorative motifs, and intricate detailing that exemplify the Art Deco movement.
- The building’s exterior boasts a distinct blend of streamlined curves, geometric patterns, and ornamental elements, such as the decorative frieze that runs along the top of the façade. The main entrance is marked by a grand doorway adorned with intricate carvings and embellishments, showcasing the attention to detail prevalent in Art Deco design.
- Over the years, the building has undergone renovations and adaptations to accommodate changing needs while preserving its architectural integrity. The interior spaces have been thoughtfully reimagined to create modern and functional areas without compromising the building’s historic charm.