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Property profile & analytics
FOR LEASE
Investment properties
1149 3Rd St Santa Monica, CA 90403
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7892842
For Lease
1 / 7
$2,340,000
1149 3Rd St, Santa Monica, CA 90403
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2002
Construction
TILT-UP CONCRETE
Total area
8,997 SF
Lot
0.17 ac (7,477 SF)
Zoning code
SMC3*
APN
4292-020-005
UPID
US09-7892842
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Demitasse Cafe & Coffee Shop
-
Print With Me Printer at Demitasse-Santa Monica (Bike/Boat/Book/etc) Store Printing Service
-
Peregrine Market Access Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Promenade Properties LLC · 23 yrs held
Promenade Properties LLC
since 2003
7 recorded transactions
Zoning & alternative use
SMC3* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Monica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Monica submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,035,000
6.5%
$2,805,000
7%
$2,605,000
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$260 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$47,007
Tax year 2024
Assessed value
$3,537,779
Assessed 2024
Previous assessed
$3,537,779
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$1,883,560
Assessed improvement
$1,654,219
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
8,997 SF
Lot
0.17 ac (7,477 SF)
Zoning code
SMC3*
APN
4292-020-005
UPID
US09-7892842
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3* · Santa Monica, CA
Zoning SMC3* · permitted uses
SMC3* · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Monica. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Promenade Properties LLC
Entity
Mailing address
5757 W CENTURY BLVD STE #605, LOS ANGELES, CA 90045-6434
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2017
—
Promenade Properties LLC
—
Deed
related
$4,200,000 · Citizens Business Bank
Jun 30, 2003
—
Promenade Properties LLC
Bond,cindy C
Grant Deed
$2,550,000 · Ubs Real Estate Investments
Mar 23, 2001
—
Cindy C Bond
Bond,s
Quit Claim Deed
related
—
Feb 22, 2001
—
Coastal Commission Cal
Bond,c C
Grant Deed
related
—
Sep 18, 2000
—
Wells Fargo Bk Trustee
Wells Fargo Bk Trustee,
Quit Claim Deed
related
—
Feb 15, 2000
—
Wells Fargo Bk Trustee
Ub,cal Trustee
Quit Claim Deed
related
—
Sep 13, 1995
—
Union Bank Tr
—
Deed Of Trust
related
—
Feb 26, 1993
—
Bank Of America Tr
—
Deed Of Trust
related
—
—
—
Promenade Properties LLC
—
Loan Modification
related
$1,845,539 · Miscellaneous Ins Co
—
—
Promenade Properties LLC
—
Deed Of Trust
related
$1,845,539 · Miscellaneous Ins Co
—
—
Cindy C Bond
—
Deed Of Trust
related
$2,475,000 · East West Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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