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Property profile & analytics
OFF-MARKET
Estimated value
$3,840,000
Commercial land
11852 Santa Monica Blvd Los Angeles, CA 90025-2277
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6523718
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1986
Lot
0.28 ac (12,201 SF)
Zoning code
LAC2
APN
4263-033-056
UPID
US09-6523718
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
-
Mr. Jingles Christmas Trees Home Decor Store Party Supply Store
-
Mr. Jack O' Lanterns Pumpkins Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
11852 Santa Monica LLC
11852 Santa Monica LLC
since 2025
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, 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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$3,735,000
ML approach
$3,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±10% · vs last sale $3.99M (May 10 2022)
Last sale anchor
$3.99M
May 10 2022
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
—
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
$59,349
Tax year 2024
Assessed value
$4,915,890
Assessed 2024
Previous assessed
$4,915,890
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$4,915,890
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1986
Heating
NONE
Lot
0.28 ac (12,201 SF)
Zoning code
LAC2
APN
4263-033-056
UPID
US09-6523718
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
11852 Santa Monica LLC
Entity
Mailing address
218 19TH ST, SANTA MONICA, CA 90402-2408
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2025
—
11852 Santa Monica LLC
Kamran Naimi
Grant Deed
—
May 10, 2022
$3,990,000
11852 Santa Monca LLC
Kayvan Naimi
Grant Deed
—
Dec 30, 2021
—
Kayvan Naimi
Santa Monica Blvd LLC
Intrafamily Transfer
related
—
Apr 24, 2012
$2,250,000
11852 Santa Monica Blvd LLC
Joenaz Properties LLC
Grant Deed
—
May 22, 1998
—
Joenaz Properties LLC
—
Deed Of Trust
related
$1,000,000 · Individual
May 10, 1996
$200,000
Joenaz Properties LLC
Rana Ltd
Grant Deed
$125,000 · Chase Manhattan Mortgage Corp
Mar 31, 1995
—
Rana Ltd
Sumitomo Bank
Grant Deed
$675,000 · Namco Capital Group INC
Aug 31, 1994
$632,800
Sumitomo Bank
Toumajian & Sons
Trustees Deed
related
—
—
—
Joenaz Properties LLC
—
Deed Of Trust
related
$2,000,000 · Pacific Mercantile Bank
—
—
Joenaz Properties LLC
—
Deed Of Trust
related
$1,170,000 · Pacific Business Bank
—
—
Joenaz Properties LLC
—
Deed Of Trust
related
$300,000 · Pacific Business Bank
—
—
Joenaz Properties LLC
—
Deed Of Trust
related
$94,000 · Namco Capital Group INC
—
—
Joenaz Properties LLC
—
Deed Of Trust
related
$200,000 · Pacific Business Bank
—
—
Joenaz Properties LLC
—
Deed Of Trust
related
$561,000 · Highland Federal 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.
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