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Third Street Promenade - 1202 3rd Street Promenade, Santa Monica, CA 90401 Property Information

Third Street Promenade - 1202 3rd Street Promenade, Santa Monica, CA 90401 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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Third Street Promenade - 1202 3rd Street Promenade, Santa Monica, CA 90401
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Address

Primary address 1202 3rd Street Promenade, Santa Monica
Alternate address(es) 1202 3rd St
Zip code 90401
County Los Angeles
Municipality Santa Monica
Neighborhood Downtown Santa Monica

Sales & Tax Overview for 1202 3rd Street Promenade, Santa Monica

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 06/06/2024
Sale price $20,000,000
Arm's length
Current property tax $260,062

Lot & Building Information for 1202 3rd Street Promenade, Santa Monica

Building sqft 44,936
Building class Department Store - One Story (1300)
Acreage 0.345 i
Year built 1949
Year last altered 1970
Stories 1
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Weed hazard No
School district Santa Monica-Malibu Unified School District

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Other Property Data for 1202 3rd Street Promenade, Santa Monica

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  • • Improvements for 1202 3rd Street Promenade, Santa Monica , including their type, square footage, grade and when they were built.
  • Development maps such as planimetric, zoning, land use and urban landscape maps (building age and stories).
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About 1202 3rd Street Promenade, Santa Monica

How many sq. ft. does Third Street Promenade - 1202 3rd Street Promenade, Santa Monica, CA 90401 have & what is the price per sq. ft?

This Department Store - One Story (1300) located at Third Street Promenade - 1202 3rd Street Promenade, Santa Monica, CA 90401 has a total of 44,936 square feet and a current price per square foot of $445.

What is the year built & the current market value of Third Street Promenade - 1202 3rd Street Promenade, Santa Monica, CA 90401?

Third Street Promenade - 1202 3rd Street Promenade, Santa Monica, CA 90401 was built in 1949 and has a current tax assessor's market value of $17,410,323.

Ownership Information

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Spaces for Lease in 1202 3rd Street Promenade, Santa Monica

Third Street Promenade
Listing type For Lease
Listing date 01/17/2017
Last updated 04/24/2026
Lot size 1.45 Acre
View Listing

Brokers

Peter Hajimihalis
Barbara Tenzer
Luke Cain
Spaces
Suite name Space type Lease rate Available space Brokers
1222 3rd Street 1st Floor Retail Listing price not available 15,000 Peter Hajimihalis
1220 3rd Street Promenade Retail Listing price not available 3,818 Barbara Tenzer
Luke Cain
1232-1240 3rd Street 1st Floor Retail Listing price not available 12,500 Peter Hajimihalis
301 Arizona Avenue #305 Office Listing price not available 968 James Robbins
1212 3rd Street Promenade 2nd Floor Retail Listing price not available 5,000 Barbara Tenzer
Luke Cain
1212 3rd Street Promenade Ground Floor Retail Listing price not available 7,500 Barbara Tenzer
Luke Cain
1239 3rd Street Promenade Ground Floor Office Listing price not available 1,800 Luke Cain
Barbara Tenzer
Active Listings For This Property:
For Lease Third Street Promenade
Third Street Promenade
1202 3rd Street Promenade, Santa Monica
Property Street Retail
Availability 7 Spaces listed / 46586 Sqft
Price Listing price not available
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Past Sales & Property History for 1202 3rd Street Promenade, Santa Monica

Create a free account to view the complete sales history for 1202 3rd Street Promenade, Santa Monica, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
06/06/2024 $20,000,000

Title Documents for 1202 3rd Street Promenade, Santa Monica

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
06/06/2024 Assignment of Lease
Assignment of Rents
06/06/2024 Assignment of Rents
Financing Statement
Trust Deed
06/06/2024 Grant Deed
(Sale for consideration - full DTT)
               
               
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R: Recorded date
D: Document date

Property Taxes for 1202 3rd Street Promenade, Santa Monica

Access detailed property tax data for Third Street Promenade - Third Street Promenade - 1202 3rd Street Promenade, Santa Monica, CA 90401. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Base tax $209,585
Current property tax $260,062
Market value $17,410,323

Special Assessments And Penalties for 1202 3rd Street Promenade, Santa Monica

Special Assessments

Abatements, financial assistance programs and non-ad valorem taxes levied as special taxes/direct assessments are applicable for this property.

Code Description Tax levied
03694 La County Regional Park And Open Space District
03071 Los Angeles County Flood Control
00170 Los Angeles County Trauma/Emerg Srvs
00177 Safe, Clean Water Program Funding Measure W
25253 Santa Monica Downtown Property Based Assmnt Dist

Assessment History for 1202 3rd Street Promenade, Santa Monica

Here's the assessment & property tax history for 1202 3rd Street Promenade, Santa Monica, including the evolution of the total tax rate and corresponding property tax.

Year Assessment value Total tax rate Property tax Year over year change
2025-2026 $17,410,323 1.2038 $209,585 +6.57%
2024-2025 $17,068,945 1.1522 $196,668 +1.61%
2023-2024 $16,734,261 1.1566 $193,548 +1.17%
2022-2023 $16,406,139 1.1661 $191,312 +2.33%
2021-2022 $16,084,451 1.1623 $186,950 +0.67%

Permits for 1202 3rd Street Promenade, Santa Monica

The complete history of permits filed for 1202 3rd Street Promenade, Santa Monica, including new construction or demolition permits, complaints, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Issued Permit Type Sub type Valuation Expires Status
06/12/2023
08/24/2020
06/12/2019
04/23/2015
01/23/2015
10/22/2014
03/26/2014
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Santa Monica residential market stats

Median Sale Price
$1,800,000
16.1% YoY
Median Price/Sqft
$1,183
9.3% YoY
Los Angeles County Median Sale Price
$889,500
1.7% YoY

Access a detailed real estate market overview of Santa Monica so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Santa Monica and compare it to other neighborhoods in Los Angeles County.

Check out recently sold homes in Santa-Monica and see how their prices compare.

Demographics By Zip Code

Total population 8,101
Median age 36.9
Average household income $157,482
Family households 23.3%
Occupied housing units 5,256
Owner occupied units 5.2%
Average number of people per household 1.51
Median year structure built 1994
Median value for units with a mortgage $1,358,000
Median value for units without a mortgage $1,093,400

Risk

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FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Faults and tsunami inundation zone map
Landslides and liquefaction map

Transportation

Access the detailed traffic volume map for 1202 3rd Street Promenade, Santa Monica to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

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Neighbors for 1202 3rd Street Promenade, Santa Monica

Here are the neighbors for Third Street Promenade - 1202 3rd Street Promenade, Santa Monica.

Address Square feet Purchase date Purchase price
1615 Ocean Front Walk, Santa Monica 323 08/08/2016
1299 Ocean Ave, Santa Monica 102,157 04/26/2017 $285,000,000
1633 Ocean Front Walk, Santa Monica
1222 3rd Street Promenade, Santa Monica 15,000 06/06/2024 $6,500,000
1228 3rd Street Promenade, Santa Monica 7,150 12/24/2014
1212 3rd Street Promenade, Santa Monica 10,370 02/14/2005 $9,500,095
1218 3rd Street Promenade, Santa Monica 6,250 07/15/2003 $6,125,061
1254 3rd Street Promenade, Santa Monica 7,500 11/01/2011
1619 Ocean Front Walk, Santa Monica 08/08/2016
1248 3rd Street Promenade, Santa Monica 7,250 03/10/2000
225 Arizona Ave, Santa Monica 26,266 08/02/2024
201 Arizona Ave, Santa Monica 10,860 12/30/2003 $1,700,017
100 Wilshire Blvd, Santa Monica 285,379 08/16/2019
1605 Ocean Front Walk, Santa Monica 4,000 08/08/2016
1242 3rd Street Promenade, Santa Monica 6,750 12/26/2024
1221 Ocean Ave, Santa Monica 197,520 04/27/2022 $330,000,000
1216 2nd St, Santa Monica 17,962
1221 2nd St, Santa Monica 19,515 07/27/2022
124 Wilshire Blvd, Santa Monica 08/16/2019
1611 Ocean Front Walk, Santa Monica 2,100 08/08/2016

Nearby ZIP Codes for 1202 3rd Street Promenade, Santa Monica

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