1453 3rd Street — Sale in Santa Monica, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Santa Monica, CA 90401

Description

24,280 RSF for Sublease on Third Street Promenade

Market Context

This office in Santa Monica, CA is listed for sale. It has been on the market for 195 days. Compare it against other office listings for sale in Santa Monica, CA — view the full market.

As of Q1 2026, the Greater Los Angeles office market showed a 14.7% vacancy rate, average asking rents near $35.40/SF/yr, rents up 0.7% year over year, and cap rates around 5.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

What is the typical cap rate for office in Greater Los Angeles?
About 5.8% as of Q1 2026, per multiple brokerage reports.
Is the Greater Los Angeles office market tightening or softening?
Vacancy is around 14.7%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$310.59/SF – $420.21/SF

Mid: $365.40/SF

Rate estimator only; cost-of-business estimate unavailable.

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