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1231 3rd Street Promenade, Santa Monica, CA 90401 Property Information

1231 3rd Street Promenade, Santa Monica, CA 90401 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1231 3rd Street Promenade, Santa Monica, CA 90401
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Address

Primary address 1231 3rd Street Promenade, Santa Monica
Alternate address(es) 1231 3rd St
Zip code 90401
County Los Angeles
Municipality Santa Monica
Neighborhood Downtown Santa Monica

Sales & Tax Overview for 1231 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 08/30/2023
Sale price $7,316,000
Arm's length
Current property tax $217,793

Lot & Building Information for 1231 3rd Street Promenade, Santa Monica

Building sqft 30,660
Building class Store - One Story (1100)
Acreage 0.241
Year built 1962
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 1231 3rd Street Promenade, Santa Monica

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  • • Improvements for 1231 3rd Street Promenade, Santa Monica , including their type, square footage, grade and when they were built.
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About 1231 3rd Street Promenade, Santa Monica

How many sq. ft. does 1231 3rd Street Promenade, Santa Monica, CA 90401 have & what is the price per sq. ft?

This Store - One Story (1100) located at 1231 3rd Street Promenade, Santa Monica, CA 90401 has a total of 30,660 square feet and a current price per square foot of $238.

What is the year built & the current market value of 1231 3rd Street Promenade, Santa Monica, CA 90401?

1231 3rd Street Promenade, Santa Monica, CA 90401 was built in 1962 and has a current tax assessor's market value of $15,223,132.

Ownership Information

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Spaces for Lease in 1231 3rd Street Promenade, Santa Monica

No photo available
1231 3rd Street
Listing type For Lease
Listing date 04/10/2020
Last updated 01/20/2026
Lot size 0.24 Acre
View Listing

Brokers

Garrett Colburn
Terrison Quinn
Carter D'Auria
Spaces
Suite name Space type Lease rate Available space Brokers
#1231 Retail Listing price not available 10,000 Brandon Cohan
Brandon Zarrabi
#B1231 Retail Listing price not available 10,000 Brandon Cohan
Brandon Zarrabi
#R1233 Retail Listing price not available 10,000 Brandon Cohan
Brandon Zarrabi
#1233 Retail Listing price not available 10,000 Brandon Cohan
Brandon Zarrabi
Active Listings For This Property:
For Lease No photo available
1231 3rd Street
1231 3rd Street Promenade, Santa Monica
Property Street Retail
Availability 4 Spaces listed / 40000 Sqft
Price Listing price not available
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Past Sales & Property History for 1231 3rd Street Promenade, Santa Monica

Create a free account to view the complete sales history for 1231 3rd Street Promenade, Santa Monica, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
08/30/2023 $7,316,000
12/29/2017 $30,300,000
       
       
       
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Title Documents for 1231 3rd Street Promenade, Santa Monica

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
08/30/2023 Grant Deed
(Sale for consideration - full DTT - Single parcel sale)
08/30/2023 Grant Deed
10/13/2022 Termination Financing Statement
02/28/2020 Reconveyance
Substitution Trustee
02/27/2020 Assignment of Lease
Assignment of Rents
02/27/2020 Assignment of Rents
Financing Statement
Trust Deed
10/24/2019 Financing Statement
12/29/2017 Assignment of Lease
Assignment of Rents
Financing Statement
Trust Deed
12/29/2017 Grant Deed
(Sale for consideration - full DTT - Single parcel sale)
05/08/2014 Mechanics Lien
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R: Recorded date
D: Document date

Property Taxes for 1231 3rd Street Promenade, Santa Monica

Access detailed property tax data for 1231 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 $183,256
Current property tax $217,793
Market value $15,223,132

Special Assessments And Penalties for 1231 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 1231 3rd Street Promenade, Santa Monica

Here's the assessment & property tax history for 1231 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 $15,223,132 1.2038 $183,256 -53.87%
2024-2025 $34,476,227 1.1522 $397,235 +1.61%
2023-2024 $33,800,224 1.1566 $390,933 +1.17%
2022-2023 $33,137,476 1.1661 $386,416 +2.33%
2021-2022 $32,487,722 1.1623 $377,605 +0.67%

Permits for 1231 3rd Street Promenade, Santa Monica

The complete history of permits filed for 1231 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
11/06/2023
08/23/2019
10/20/2017
08/04/2014
04/22/2013
11/02/2012
05/07/2012
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Santa Monica residential market stats

Median Sale Price
$1,721,000
-1.2% YoY
Median Price/Sqft
$1,133
2.3% YoY
Los Angeles County Median Sale Price
$872,000
0.2% 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 1231 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 1231 3rd Street Promenade, Santa Monica

Here are the neighbors for 1231 3rd Street Promenade, Santa Monica.

Address Square feet Purchase date Purchase price
1225 3rd Street Promenade, Santa Monica 3,660 06/06/2024 $2,500,000
320 Wilshire Blvd, Santa Monica 13,344 09/27/2011
1241 3rd Street Promenade, Santa Monica 3,900 06/29/2021 $1,457,000
1210 4th St, Santa Monica 12,226
1237 3rd Street Promenade, Santa Monica 3,180
310 Wilshire Blvd, Santa Monica 9,040 11/27/2019
432 Wilshire Blvd, Santa Monica 1,172 12/16/2008
1216 5th St, Santa Monica 7,500 04/24/2019
301 Arizona Ave, Santa Monica 24,560 06/06/2024 $22,250,000
1253 3rd Street Promenade, Santa Monica 5,000 06/06/2024 $22,250,000
1204 1/2 4th St, Santa Monica 11,153 05/05/2021
1227 2nd St, Santa Monica 19,875 10/25/2002
1227 3rd Street Promenade, Santa Monica 3,000 10/16/2023
1201 3rd St, Santa Monica 9,992 05/16/2012
1251 3rd Street Promenade, Santa Monica 10,500 06/29/2021 $3,891,000
1215 3rd St, Santa Monica 11,940 11/16/2012
1250 4th St, Santa Monica 99,351 06/26/1989
1212 5th St, Santa Monica 11,747 11/08/2004 $1,794,017
1255 4th St, Santa Monica 29,551 04/04/2002 $5,000,050
202 Wilshire Blvd, Santa Monica 7,778 08/01/2000

Nearby ZIP Codes for 1231 3rd Street Promenade, Santa Monica

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