1519 wilshire blvd.
PRICE
$8,950,000
BUILDING SIZE
8,800
LOT SIZE
4,996
SANTA MONICA, CA 90403
LEASE EXPIRATION
PPSF (BLDG)
PPSF(LAND)
5/31/2026
$1,017
$1,791
The Brandon Michaels Group of Marcus & Millichap has been selected exclusively to market for sale 1519 Wilshire Boulevard, an 8,800 square foot beautifully appointed single tenant restaurant, 100% occupied by La Conde. The property is situated on 4,996 square feet of land in the city of Santa Monica, CA. The sale includes all furniture, fixtures, & equipment with the potential to purchase the Type 47 liquor license & CUP.
1519 Wilshire Boulevard is fully leased to La Conde. La Conde is currently on a NNN lease paying $40,182 per month ($4.57/SF) with annual rent increases the greater of 4% or CPI. La Conde has successfully operated at this location since 2021 and has 2.19 years of term remaining, set to expire on 5/31/2026, with two 5-year options. La Conde is a Latin American cuisine with a fusion of eclectic plates and amazing mixology. The property benefits from plenty of metered street parking as well as 21 paid city parking spaces in the lot directly behind the restaurant. A Type-47 ABC License may be purchased separately.
Just one parcel South of the SW corner of Wilshire Boulevard and 16th Street in the heart of Santa Monica directly across the street from UCLA Santa Monica Medical Center, and caddy corner from Target. 1519 Wilshire Blvd is situated in a prime location in Santa Monica, surrounded by a mix of nationally recognized retailers and amenities catering to the affluent local community. The area’s high household income, dense population, and prestigious residential properties contribute to its desirability and vibrancy.
Santa Monica is one of Southern California’s strongest sub markets, attracting high-end retailers and restaurants and a host of national credit tenants.
Wilshire Boulevard is a prominent Boulevard in Santa Monica where you will find a mix of Class-A high rise office buildings, many chef-driven dining spots, mom and pop bakeries, old Mexican eateries, and a smattering of vintage and designer consignment stores.
OFFERING MEMORANDUM
BRANDON MICHAELS
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685