Realmo Analytics

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Financial
Distress signals
Property profile

3221 Pico Blvd Santa Monica, CA 90404

FOR SALE
Turn key restaurants
Property ID
US09-6277902
2,250 SF 0.06 ac lot Built 1952
Last sale Aug 2021 · $1,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$21k
Tax billed · 2024
Assessed value$1.77M
Assessed land$1.46M
Assessed improvement$312k
Effective rate1.20%

Value estimate

· Oct 2026
$1.59M
$1.43M – $1.75M
AI approach$1.63M
Submarket $/SF estimate$1.26M
NOI build-up
Gross scheduled income$76k
Vacancy & credit loss−$5k
Operating expenses−$18k
NOI · 2.67% cap applied$53k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$651/SF
County average, outlier-cleaned · 934 recorded sales of this use type
Observed band · Q1–Q3$272 – $1,124
Qualifying comparables6

Cap rate analysis

How does the asset earn?
2.67%
$53k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
SMC2*
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Barber Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Barber Shop13.1
Discount Store9.4
Assisted Living Facility8.8

Location

3221 Pico Blvd Santa Monica, CA 90404
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2636 Lincoln, Santa Monica, CA 90405-4620 $1,615,000 Apr 2025 1,842 SF
2803 Main, Santa Monica, CA 90405-4009 $2,525,000 Jul 2024 1,928 SF
2403 Main, Santa Monica, CA 90405-3515 $763,181 Dec 2023 2,500 SF
2929 Main, Santa Monica, CA 90405-5315 $3,425,034 Oct 2022 2,067 SF
2305 Ocean Park, Santa Monica, CA 90405-5107 $2,995,029 May 2022 2,550 SF
2526 Pico, Santa Monica, CA 90405-1829 $665,000 Feb 2022 2,279 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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