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Property profile & analytics
OFF-MARKET
Estimated value
$3,365,000
Outlet malls
1332 2nd St, Santa Monica, CA 90401-1103
Individually Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6418251
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1969
Construction
TILT-UP CONCRETE
Total area
14,674 SF
Lot
0.34 ac (15,000 SF)
Zoning code
SMBSC4*
APN
4291-014-008
UPID
US09-6418251
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
-
Diana Lucia Hair Hair Salon
-
Élephante Restaurant
-
Laemmle Monica Film Center Cinema Theater & Performing Art Venue
-
Ray's & Associates (Bike/Boat/Book/etc) Store Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
Lidschin Investors · 27 yrs held
Lidschin Investors
since 1999
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$229 / 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
$36,340
Tax year 2024
Assessed value
$1,789,606
Assessed 2024
Previous assessed
$1,789,606
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$632,133
Assessed improvement
$1,157,473
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
14,674 SF
Lot
0.34 ac (15,000 SF)
Zoning code
SMBSC4*
APN
4291-014-008
UPID
US09-6418251
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
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lidschin Investors
Individual
Mailing address
12915 SAN VICENTE BLVD, LOS ANGELES, CA 90049-4812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2019
—
Twin Theatres INC
—
Deed
related
$4,706,000 · American Busn Bk
May 15, 2019
—
Twin Theatres INC
—
Deed
related
$3,384,000 · California Statewide Certified
Mar 12, 2019
—
Twin Theatres INC
—
Deed
related
—
Nov 28, 2018
—
Twin Theatres INC
—
Deed
related
—
Sep 7, 2018
—
Twin Theatres INC
—
Deed
related
—
May 10, 2018
—
Twin Theatres INC
—
Deed
related
—
Sep 22, 2017
—
Twin Theatres INC
—
Deed
related
$3,294,000 · American Business Bank
May 31, 2017
—
Twin Theatres INC
—
Deed
related
—
Dec 1, 2016
—
Twin Theatres INC
—
Deed
related
—
May 11, 2016
—
Twin Theatres INC
—
Deed
related
—
Jun 17, 2015
—
Twin Theatres INC
—
Deed Of Trust
related
$5,914,000 · American Busn Bk
Jun 1, 1999
—
Lidschin Investors
Lidschin R D Trustee,
Quit Claim Deed
related
—
May 24, 1999
—
Rian D Lidschin
Lidschin R D Trustee,
Quit Claim Deed
related
—
—
—
Twin Theatres INC
—
Deed Of Trust
related
$3,384,000 · California Statewide Certified
—
—
Twin Theatres INC
—
Loan Modification
related
—
—
—
Twin Theatres INC
—
Loan Modification
related
—
—
—
Twin Theatres INC
—
Loan Modification
related
—
—
—
Twin Theatres INC
—
Loan Modification
related
—
—
—
Twin Theatres INC
—
Loan Modification
related
—
—
—
Twin Theatres INC
—
Loan Modification
related
—
—
—
Twin Theatres INC
—
Loan Modification
related
—
—
—
Twin Theatres INC
—
Loan Modification
related
—
—
—
Twin Theatres INC
—
Deed Of Trust
related
$4,706,000 · American Busn Bk
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.
Try Rey
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