Rare opportunity to purchase or ground lease (term up to 99 years) a signalized, hard-corner site with ± 29,993 SF of land located at 1820 Santa Monica Boulevard in the City of Santa Monica. The property offers an investor the opportunity to benefit from in-place income while entitlements are acquired. Ground Lease Rate: $120,000 per month. Prime Location: The subject property is located on the iconic Santa Monica Boulevard and is situated in the center of the City of Santa Monica near the beautiful Southern California coastline, providing residents and visitors with stunning ocean views and a desirable beachfront lifestyle. With proximity to the beach, Santa Monica Pier, Third Street Promenade, and many world-class attractions, the site offers an investment opportunity in one of the most coveted cities in the world. The site is also near major transportation hubs which further enhances its accessibility and connectivity to the rest of Los Angeles.