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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Manufacturing properties
1328 2nd St Santa Monica, CA 90401-1122
Individually Owned
6-yr Hold
Free & Clear
Property ID
US09-6994135
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Construction
TILT-UP CONCRETE
Total area
23,854 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SMBSC4*
APN
4291-014-007
UPID
US09-6994135
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
-
MICHAEL KATIRAIE Pediatrician Physician
-
RETHA GOODGLICK Physician
-
Marc Van Asselt Foster Care Service Social Service Agency
-
Clinton David Counselor
-
Richard Blackburn Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$2.22M
Owner & transaction history
Step Up On Second Preservation · 6 yrs held
Step Up On Second Preservation
since 2019
6 recorded transactions
Zoning & alternative use
SMBSC4* · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10%
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
$93 / 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
$142,343
Tax year 2024
Assessed value
$11,767,533
Assessed 2024
Previous assessed
$11,767,533
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$8,229,268
Assessed improvement
$3,538,265
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
36
Total area
23,854 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SMBSC4*
APN
4291-014-007
UPID
US09-6994135
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBSC4* · Santa Monica, CA
Zoning SMBSC4* · permitted uses
SMBSC4* · 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
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
36
Lot
0.17 ac
Current owner
From public records · entity-resolved
Step Up On Second Preservation
Individual
Free & Clear · 6 yrs held
Mailing address
1328 2ND ST, SANTA MONICA, CA 90401-1122
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Dec 13, 2019
—
Step Up On Second Preservation
Step Up On Second LP
Quit Claim Deed
related
—
Dec 13, 2019
$11,000,000
Step Up On Second Preservation LP
Step Up On Second L P
Grant Deed
—
Dec 9, 1992
$10,000
Up Second Step
Mental,health
Grant Deed
$860,000 · Seller
—
—
Step Up On Second LP
—
Deed Of Trust
related
$51,500 · Low - Income Housing Fund
—
—
Step Up On Second LP
—
Deed Of Trust
related
$467,000 · General Board Pension & Health
—
—
Step Up On Second LP
—
Deed Of Trust
related
$1,331,252 · City Of Santa Monica
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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