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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Investment properties
1217 2nd St Santa Monica, CA 90401-1108
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6418234
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2002
Construction
TILT-UP CONCRETE
Total area
19,606 SF
Lot
0.17 ac (7,495 SF)
Zoning code
SMBSC2*
APN
4291-002-019
UPID
US09-6418234
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
-
1217 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
$2.55M
Owner & transaction history
Zini LLC · 21 yrs held
Zini LLC
since 2004
7 recorded transactions
Zoning & alternative use
SMBSC2* · 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
$130 / 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
$163,607
Tax year 2024
Assessed value
$13,132,898
Assessed 2024
Previous assessed
$13,132,898
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$3,792,275
Assessed improvement
$9,340,623
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
Off-Market
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
19,606 SF
Lot
0.17 ac (7,495 SF)
Zoning code
SMBSC2*
APN
4291-002-019
UPID
US09-6418234
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBSC2* · Santa Monica, CAZoning SMBSC2* · permitted uses
SMBSC2* · 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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Zini LLC
Entity
Mailing address
345 N LOOMIS ST, CHICAGO, IL 60607-1111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2020
—
Zili LLC
—
Deed
related
$6,000,000 · First Republic Bank
Aug 1, 2017
—
Zini LLC
—
Deed
related
$10,000,000 · First Republic Bank
Dec 29, 2004
$9,610,000
Zini LLC
Rodriguez,michelle C
Grant Deed
$2,500,000 · Bear Stearns Commercial Mtg
Dec 17, 2003
—
Jack Rodriguez
Rockwood Capital Real Estate
Grant Deed
$6,000,000 · First Regional Bank
Oct 13, 2000
—
Rsb 1217 LLC
Scobar,adventures
Grant Deed
related
$4,465,000 · Hawthorne Savings Bank Fsb
Jun 22, 1995
—
Burns Robert & Sons
Bassett,ca
Trustees Deed
related
—
—
—
Bassett Cal Co
—
Deed Of Trust
related
$200,000 · Individual
—
—
Bassett California Co
—
Deed Of Trust
related
$1,000,000 · Sunwest Bank El Paso
—
—
Robert Burns & Sons INC
—
Deed Of Trust
related
$1,680,000 · Bassett California Co
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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