Land Under 99,000 SQFT Santa Monica Office Building at 1733 Ocean Avenue Relisted at $34.6MM, 47% Below 2019 Sale

The land under a four-story, 98,841-square-foot office building one block from the Pacific in Santa Monica is back on the market at a lower $34.6 million, about 47 percent below its 2019 sale price, while a ground lease running to 2086 keeps the land's income going even though the building has already been through one foreclosure.