A life science property located at 1752–1756 Cloverfield Boulevard in Santa Monica has sold for $11,000,000. The 15,770-square-foot building sits on ±0.75 acres along one of the city’s main thoroughfares, situated between the 10 Freeway and Olympic Boulevard.
Fred Aframian of Kidder Mathews represented the buyer, Cypress Equity Investments (CEI), a national real estate developer. Charles DeSantis of Kidder Mathews represented the seller, HSJ Properties, LLC, a real estate family office.
Built and owned by the same family since 1958, the property had never previously been offered for sale. The existing building occupies roughly half of the site, offering significant future development potential. It is currently leased to biotechnology company TAE Life Sciences, with the space fully built out for lab use.
The property combined turnkey lab improvements with future redevelopment upside, positioned in one of Los Angeles’ most supply-constrained submarkets.
“Fully equipped lab space is extremely difficult to find in Santa Monica,” said DeSantis. “This deal highlights the strong demand for specialized facilities that are ready to occupy, especially in top-tier locations where barriers to new development remain high.”
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 58 million square feet of space, and conducts 2,400 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
