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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Office buildings
1305 2nd St, Santa Monica, CA 90401-1119
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6994133
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1914
Construction
TILT-UP CONCRETE
Total area
25,292 SF
Lot
0.34 ac (14,995 SF)
Zoning code
SMBSC2*
APN
4291-013-022
UPID
US09-6994133
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
-
Anuheas Florist & Flower Delivery Santa Monica CA (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.56M
Owner & transaction history
6401 Wilshire Boulevard LLC · 12 yrs held
6401 Wilshire Boulevard LLC
since 2014
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
$141 / 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
$115,068
Tax year 2024
Assessed value
$9,061,826
Assessed 2024
Previous assessed
$9,061,826
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$7,243,695
Assessed improvement
$1,818,131
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1914
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Units
48
Bathrooms
32
Total area
25,292 SF
Lot
0.34 ac (14,995 SF)
Zoning code
SMBSC2*
APN
4291-013-022
UPID
US09-6994133
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
1914
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Units
48
Bathrooms
32
Lot
0.34 ac
Current owner
From public records · entity-resolved
6401 Wilshire Boulevard LLC
Entity
Mailing address
150 S RODEO DR STE #340, BEVERLY HILLS, CA 90212-2445
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
—
1305 2nd Street Sm LLC
—
Deed
related
$1,815,190 · Cathay Bank
Jul 21, 2020
—
1305 2nd Street Sm LLC
—
Deed
related
$16,508,500 · Cathay Bk
Dec 5, 2019
—
1305 2nd Street Sm LLC
—
Loan Modification
related
$17,273,500 · Cathay Bk
Jul 13, 2018
—
1305 2nd Street Sm LLC
—
Deed Of Trust
related
$16,508,500 · Cathay Bk
Feb 27, 2014
—
6401 Wilshire Boulevard LLC
Az Shores Group LLC
Quit Claim Deed
related
$4,250,000 · Wells Fargo Bank NA
Oct 30, 2012
$7,500,000
6401 Wilshire Boulevard LLC
Brownell Family Trust
Grant Deed
—
Oct 30, 2012
—
Lisa L Brownell
Brownell Family Trust
Quit Claim Deed
related
—
—
—
1305 2nd Street Sm LLC
—
Loan Modification
related
$16,508,500 · Cathay Bk
—
—
Az Shores Group LLC
—
Deed Of Trust
related
$4,250,000 · Wells Fargo Bank
Mar 27, 1969
—
—
—
Grant Deed
related
—
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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