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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Parking lots & garages
1127 2nd St Santa Monica, CA 90403
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6997280
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1937
Construction
TILT-UP CONCRETE
Total area
5,000 SF
Lot
0.17 ac (7,517 SF)
Zoning code
SMR3A*
APN
4292-021-010
UPID
US09-6997280
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
-
Санта-Моніка Hotel & Motel
-
1127 2nd St Garage Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Bank Of China · 1 yrs held
Bank Of China
since 2025
6 recorded transactions
Zoning & alternative use
SMR3A* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$135 / 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
$31,402
Tax year 2024
Assessed value
$2,267,793
Assessed 2024
Previous assessed
$2,267,793
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$2,260,272
Assessed improvement
$7,521
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
5,000 SF
Lot
0.17 ac (7,517 SF)
Zoning code
SMR3A*
APN
4292-021-010
UPID
US09-6997280
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR3A* · Santa Monica, CAZoning SMR3A* · permitted uses
SMR3A* · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1937
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Bank Of China
Entity
Mailing address
101 WILSHIRE BLVD, SANTA MONICA, CA 90401-1106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
—
Bank Of China
Ocean Avenue LLC
Deed
—
May 16, 2019
—
Ocean Avenue LLC
—
Loan Modification
related
$183,000,000 · Bank Of China
Jun 2, 2016
—
Ocean Avenue LLC
—
Deed
related
$180,000,000 · Bank Of China
Aug 2, 2011
—
Ocean Avenue LLC
—
Deed Of Trust
related
$122,500,000 · Metropolitan Life Insurance
Sep 8, 1999
$73,170,454
Ocean Avenue LLC
Fujita Corporation USA
Grant Deed
$65,000 · Credit Lyonnais New York
—
—
Ocean Avenue LLC
—
Deed Of Trust
related
$180,000,000 · Bank Of China
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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