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OCEAN AVENUE 1660SANTA MONICA, CA ™ PROPERTY HIGHLIGHTS • 1,650 SF + PATIO (450 SF) • ONE BLOCK from the Santa Monica Pier • RETAIL OPPORTUNITY located below 18 residential units • TREMENDOUS FOOT TRAFFIC from nearby hotels (approximately 125,000 impressions) • IDEAL FOR INCIDENTAL FOOD, COFFEE, ETC. (no grease trap) • A PASSAGEWAY FOR PUBLIC BEACH ACCESS • IN SUITE RESTROOM • RENOVATED EXTERIOR FAÇADE • WRAP AROUND GLASS LINED WINDOWS 2 I 1660 Ocean Avenue 1-MILE DEMOGRAPHICS FUTURE DAYTIME POPULATION POPULATION POPULATION GROWTH 250,000 26,586 3.59% AVERAGE NUMBER OF HOUSEHOLD INCOME HOUSEHOLDS $134,093 16,054 Matthews ™ I 3 SANTA MONICA PLACE THIRD STREET PROMENADE ALLSAINTS BLOOMINGDALES LEMONADE TESLA JOHNNY WAS PELOTON SURROUNDING ZARA REI AREA TIFFANY & CO. NIKE ANTHROPOLOGIE STARBUCKS BOSS SWEETGREEN LULULEMON LOUIS VUITTON ELEPHANTE PATAGONIA NORDSTROM RED O RESTAURANTS JOHNNY ROCKETS APPLE LESS THAN .5 MILES AWAY THE IVY RESTAURANTS DEL FRISCOS FRIES CO. TACO LIBRE CORA’S COFFEE SHOP DOWNTOWN SANTA MONICA THE LOBSTER SEAVIEW HOTEL SEFANO’S PIZZA BARNEY’S BEANERY LOEWS BIG DEAN’S HOTELS TRASTEVERE WEWORK OCEAN FRONT CAFE SUNGLASS HUT VOLTAGGIO STRFSH STARBUCKS ZARA DIALOGUE HOT DOG ON A STICK JW MARRIOTT THE MISFIT ATHLETA RESTAURANT & BAR MADEWELL SANTA MONICA POSEIDON PADDLE & SURF BRUNO’S YE OLDE KING’S HEAD RISTORANTE ITALIANO WATER GRILL CASA MARTIN THE GEORGIAN SURFCITY TOURS HI LOS ANGELES HOTEL THAI DISHES ON BROADWAY SUBJECT PROPERTY SANTA MONICA PIER MUSCLE BEACH 4 I 1660 Ocean Avenue SURROUNDING AREA FOURTH ST ± 13,700 VPD LINCOLN BLVD ± 21,400 VPD SANTA MONICA FWY ± 80,300 VPD OCEAN AVE ± 23,800 VPD PALISADES BEACH RD ± 67,300 VPD SP LOEWS HOTELS Matthews ™ I 5 NEIGHBORING TENANTS JIMMY’S FAMOUS AMERICAN TAVERN LOEWS HOTEL SHUTTERS ON THE BEACH JW MARRIOTT SEA CASTLE APARTMENTS CASA DEL MAR 6 I 1660 Ocean Avenue Matthews ™ I 7 SANTA MONICA Santa Monica is a beachfront city in western Los Angeles County, California. Situated on Santa DEMOGRAPHICS Monica Bay, it is bordered on three sides by the City of Los Angeles – Pacific Palisades to the north, Brentwood on the northeast, West Los Angeles on the east, Mar Vista on the southeast, POPULATION 1-MILE 3-MILE 5-MILE and Venice on the south. Santa Monica has been famed as a resort town and has experienced a 2025 Projection 27,540 164,709 416,990 boom since the late 1980s through the revitalization of its downtown core, significant job growth 2020 Estimate 26,586 161,087 407,266 and increased tourism. Some popular destinations continue to be The Santa Monica Pier and 2010 Census 24,584 155,277 389,467 Pacific Park. Growth: 2020-2025 3.59% 2.25% 2.39% The Santa Monica Pier is a large double-jointed pier at the foot of Colorado Avenue in Santa Growth: 2010-2020 8.14% 3.74% 4.57% Monica. With an iconic entrance, the pier is popular with residents and visitors as a landmark that HOUSEHOLDS 1-MILE 3-MILE 5-MILE is over 100 years old. What makes this Pier unique is the Family Amusement Park and state-of-the- 2025 Projection 16,666 84,081 198,483 art, solar paneled Ferris wheel. 2020 Estimate 16,054 82,074 193,754 2010 Census 14,777 78,824 185,327 The Pacific Park is an oceanfront amusement park located in Santa Monica, California. The Park, Growth: 2020-2025 3.81% 2.44% 2.44% located on the Santa Monica Pier, looks directly out on the Pacific Ocean, in the direction of Catalina Island. It is the only amusement park on the West Coast of the United States located on Growth: 2010-2020 8.64% 4.12% 4.55% a pier and LA’s only admission-free park. There are a total of twelve rides in Pacific Park, including INCOME 1-MILE 3-MILE 5-MILE the world’s first and only solar-powered Ferris wheel that provides a view of the Pacific Ocean Average HH Income $134,093 $150,933 $147,603 and a roller coaster that circles the majority of the Park. In fact, this Park has appeared in over 500 movies and television shows. ONE BLOCK FROM SANTA MONICA PIER! Matthews ™ I 9 LIVING IN SANTA MONICA Santa Monica is home to a many notable businesses including Hulu, Universal Music Group, Illumincation Entertainment, Saban Capital Group, Miramax, Lionsgate Films, the RAND Corporation, Fatburger and TOMS Shoes. Recently, Santa Monica has emerged as the center of the Los Angeles region called Silicon Beach, and serves as the home of hundreds of venture-capital funded startup companies. TOP LOCAL EMPLOYERS 10 I 1660 Ocean Avenue 8.4 MILLION $1.87 BILLION 5.5 MILLION Visitors Per Year in Santa Monica Annual Visitor Spending Santa Monica Pier Annual Foot Traffic SANTA MONICA PIER The Santa Monica Pier is located right on the beach in the well-known Ocean Avenue neighborhood, which offers a variety of accommodations in close proximity to the Pier, as well as other activities and attractions offered along Ocean Avenue and Downtown Santa Monica. The Santa Monica Pier was the first concrete pier on the U.S. West Coast. This iconic spot is host to a variety of restaurants, retail establishments as well the “Pacific Park”, a family amusement park with a one-of-a-kind solar paneled Ferris wheel. With an iconic entrance, the Pier is popular with residents and visitors as a landmark that is over 100 years old. Matthews ™ I 11 LOS ANGELES Los Angeles, officially the City of Los Angeles and often known by its initials L.A., is hosted the Summer Olympics twice - and by 2028 the third time. Downtown L.A. the most populous city in California; the second most populous city in the United is the largest government center outside of Washington, D.C. Los Angeles has the States, after New York City; and the third most populous city in North America, after only remaining wooden lighthouse in the state (located in San Pedro’s Fermin Park) Mexico City and New York City. With an estimated population of nearly four million and the largest historical theater district on the National Register of Historic Places people, Los Angeles is the cultural, financial, and commercial center of Southern (located Downtown on Broadway). California. The City is known for its Mediterranean climate, ethnic diversity, the Los Angeles is on the leading edge of several growth industries. The Los Angeles entertainment industry, and its sprawling metropolis. metropolitan area, with more than 23,000 art jobs, is the country’s leading artistic The City of Los Angeles holds many distinctions. L.A. is the entertainment capital center, surpassing the previous champion, New York. In other words, Los Angeles of the world, a cultural mecca boasting more than 100 museums, many of them has both a larger concentration and an absolute number of artists than New York. world-class, and a paradise of idyllic weather. From tourist attractions like the Walk The L.A. five-county area is also a major tech center, with more than 700,000 of Fame’s collection of stars (numbering more than 2,614 and growing by one or people at work in health services/biomedical activities and 190,000 people in two a month) to career opportunities like those presented in the expanding tech aerospace. Here are some more facts and figures about Los Angeles: the city, the industry, Los Angeles is the place to be. It is the only city in North America to have county, and the region. Los Angeles County employs A culturally diverse city, with a growing culinary It is the largest and most populous city in the State of over 100,000 people alone scene, shopping, museums, and a reputation for California and the cultural, financial, and commercial being the creative center of America. center of Southern California. 12 I 1660 Ocean Avenue CONFIDENTIALITY & DISCLAIMER STATEMENT This Leasing Package contains select information pertaining to the business and affairs of1660 OCEAN AVE, SANTA MONICA, CA (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Leasing Package may not be all- inclusive or contain all of the information a prospective lessee may desire. The information contained in this Leasing Package is confidential and furnished solely for the purpose of a review by a prospective lessee of the Property. The material is based in part upon information supplied by the Owner. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Leasing Package or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective lessees should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to lease the Property and to terminate discussions with any person or entity reviewing this Leasing Package or making an offer to lease the Property unless and until a lease has been fully executed and delivered. In no event shall a prospective lessee have any other claims against Owner or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing of the Property. This Leasing Package shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Leasing Package.
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