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Property profile & analytics
FOR LEASE
Investment properties
1221 2Nd St Santa Monica, CA 90401
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6910062
For Lease
1 / 3
$2,480,000
1221 2Nd St, Santa Monica, CA 90401
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Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2002
Construction
TILT-UP CONCRETE
Total area
19,515 SF
Lot
0.17 ac (7,506 SF)
Zoning code
SMBSC2*
APN
4291-002-018
UPID
US09-6910062
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
-
Phillips, Erlewine & Given L.L.P. Law Firm
-
Apollo Healthcare Physician
-
Harper Harrison Recruitment Los Angeles Employment Agency
-
Lawrence Harvey Los Angeles Employment Agency
-
SciPro Los Angeles Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
Pl Napa Jc Investment Partnership · 3 yrs held
Pl Napa Jc Investment Partnership
since 2022
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
$127 / 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
$137,866
Tax year 2024
Assessed value
$10,905,149
Assessed 2024
Previous assessed
$10,905,149
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,194,862
Assessed improvement
$7,710,287
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
19,515 SF
Lot
0.17 ac (7,506 SF)
Zoning code
SMBSC2*
APN
4291-002-018
UPID
US09-6910062
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBSC2* · Santa Monica, CA
Zoning 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
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
Pl Napa Jc Investment Partnership
Entity
Mailing address
141 E WALNUT ST, PASADENA, CA 91103-3865
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 27, 2022
—
Pl Napa Jc Investment Partnership
Pl Napa Jc Investment Partnership
Intrafamily Transfer
related
$5,000,000 · Logix FCU
Oct 12, 2021
—
Sanford Robbins
Sanford Robbins
Intrafamily Transfer
related
$2,700,000 · Finance Of America Reverse LLC
May 13, 2003
—
Pl Napa/jc Investment Parthers
1221 Second Street LLC
Grant Deed
$4,660,000 · First American Title Co
Jan 31, 2000
—
1221 Second LLC
—
Grant Deed
related
$4,850,000 · Us Bank NA
Dec 7, 1998
$1,643,000
1223 Second Street LLC
2nd Street Retail LP
Grant Deed
$975,000 · Santa Monica Bank
Jun 16, 1993
—
Buffum,betty U Tr Et Al
—
Deed Of Trust
related
—
Aug 27, 1991
—
Upham David W
—
Deed Of Trust
related
—
—
—
1221 Second St LLC
—
Deed Of Trust
related
$4,390,000 · Farmers & Merchants Bk Lng Bch
—
—
Pl Napa/jc Investment Partners
—
Deed Of Trust
related
$4,700,000 · California National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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