Will SecondSpin.com Santa Monica Actually Close?

The Santa Monica store is poised to close at the end of the month, but a deal might be in the works to keep it open.

SecondSpin.com, one of the few stores selling records, DVDs and CDs in Santa Monica, is clearing out its inventory with big sales in preparation to close at the end of January.

But turntable owners looking for a new place to buy vinyl shouldn't rush to the Eastside just yet.

"We're not sure they're going... we're talking to them about staying," said Greg Eckhardt with PAR Commercial Brokerage, which is leasing the 3,000 square-foot space starting Feb. 1 for $12,750 a month.

A new lease has not been signed, Eckhardt said.

Employees have said unofficially that rising rent triggered the impending closure and signs and fliers inside the store direct customers to visit the chain's nearest location in Sherman Oaks. Company representatives have not returned messages seeking comment.

SecondSpin is a place to sell, buy and trade music, movies and video games. It started as website in 1996 and has opened several retail stores since, including the Santa Monica location at 14th Street and Wilshire Boulevard.

It would be sad to "see yet another independent record shop close its doors," said Mar Yvette, a lifestyle reporter for Good Day LA who also blogs about pop culture on her website, marpop.com.

"Even though I don't own a record player and rarely buy CDs anymore, I still liked the option to pick out something for a friend's birthday or some other occasion when an iTunes card or digital file just seemed too sterile," she wrote in an email.

There appears to be only one other shop in Santa Monica that sells vinyl: Angel City Books & Records on Main Street. Records Surplus is located just outside the city limits at Santa Monica Boulevard and Centinela Avenue.

Oliver Wang wrote about the "wax and wane" of record stores in Los Angeles for KCET in December. Though there's been a notable rise in smaller, boutique stores in Los Angeles recently, he wrote, most of those are make their homes around Hollywood and east-ward in  neighborhoods such as Atwater Village, Montebello, Eagle Rock and Highland Park.

"Where stores end up is where rents are lower," he told Patch, "because the profit margin on used records tends to be relatively low."

Record Collector January 07, 2013 at 11:56 PM
What was the rent previously?
SantaMonicaNative January 08, 2013 at 09:12 PM
It seems we have not learned anything from Westwood's rental mistakes. You can only jack rentals so high before there is no margin for profit. Inevitibly, you end up with vacant stores. Add the Second Spin corner to the other vacant stores on the block, not pretty. Go to Westwood and see the vacant building where stores used tobe. Does it make sense to have it vacant rather than lower the rents?
Claudia Schafer January 09, 2013 at 02:26 AM
Clearly greed goes hand in glove with stupidity. And you can't fix stupid.
Record Collector January 25, 2013 at 02:27 AM
Secondspin is moving to 3122 Santa Monica Blvd.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »