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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Retail space
1340 3rd St Promenade Santa Monica, CA 90401-1310
Individually Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6998498
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1932
Construction
TILT-UP CONCRETE
Total area
6,000 SF
Lot
0.14 ac (6,059 SF)
Zoning code
SMBSC1*
APN
4291-013-007
UPID
US09-6998498
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
-
Wonders of the World (Bike/Boat/Book/etc) Store
-
Cleopatra INK Tattoo & Piercing Santa Monica Studio Tattoo & Piercing Shop
-
Volcom Clothing Store
-
CoolKicks Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Vurgec Family Ptshp · 17 yrs held
Vurgec Family Ptshp
since 2009
7 recorded transactions
Zoning & alternative use
SMBSC1* · 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
$164 / 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
$41,242
Tax year 2024
Assessed value
$2,930,363
Assessed 2024
Previous assessed
$2,930,363
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$2,145,606
Assessed improvement
$784,757
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1932
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.14 ac (6,059 SF)
Zoning code
SMBSC1*
APN
4291-013-007
UPID
US09-6998498
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBSC1* · Santa Monica, CAZoning SMBSC1* · permitted uses
SMBSC1* · 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
1932
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Vurgec Family Ptshp
Individual
Free & Clear · 17 yrs held
Mailing address
1329 S GLENDORA AVE, GLENDORA, CA 91740-5140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2009
—
Vurgec Family Ptshp
Slv Management LLC
Grant Deed
—
Nov 12, 2008
—
Vurgec L Credit Shelter Trust
Vurgec Family Trust
Quit Claim Deed
related
—
Feb 7, 2003
—
Vurgec,tr
Demircift,s
Quit Claim Deed
related
—
Apr 16, 1993
—
Vurgec Sefik
—
Deed Of Trust
related
—
Aug 17, 1992
—
Sefik Vurgec
—
Deed Of Trust
related
—
Jul 3, 1991
$1,600,000
Demircift,steve
Exchange Makers
Trustees Deed
—
—
—
Vuregec Trust
—
Deed Of Trust
related
$460,769 · Santa Monica 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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