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Property profile & analytics
FOR SALE
Retail space
1402 Wilshire Blvd Santa Monica, CA 90404
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6711164
For Sale
1 / 2
Contact for pricing
1402 Wilshire Blvd, Santa Monica, CA 90404
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
WOOD
Total area
8,557 SF
Lot
0.23 ac (10,018 SF)
Zoning code
SMC6*
APN
4282-003-020
UPID
US09-6711164
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
-
Just Food For Dogs (Bike/Boat/Book/etc) Store Pet Store & Service
-
fi.d.o (Bike/Boat/Book/etc) Store Pet Store & Service
-
Petco Vaccination Clinic Veterinary Clinic
-
Petco Dog Training Animal Training
-
Unleashed by Petco (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$5.86M
Owner & transaction history
Patricia Smith Redner · 1 yrs held
Patricia Smith Redner
since 2025
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
SMC6* · 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
$5,700,000
ML approach
$5,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,025,000
Current use
Blend value · Realmo final
$5.86M
Range $5.27M – $6.44M · ±10% · vs last sale $6.00M (May 23 2025)
Last sale anchor
$6.00M
May 23 2025
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
$684 / 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
$13,720
Tax year 2024
Assessed value
$1,068,171
Assessed 2024
Previous assessed
$1,068,171
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$876,952
Assessed improvement
$191,219
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
For Sale
Year built
1995
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,557 SF
Lot
0.23 ac (10,018 SF)
Zoning code
SMC6*
APN
4282-003-020
UPID
US09-6711164
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC6* · Santa Monica, CAZoning SMC6* · permitted uses
SMC6* · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.0M
RETAIL STORES Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Patricia Smith Redner
Individual
Free & Clear · 1 yrs held
Mailing address
13000 W MICHIGAN AVE, PARMA, MI 49269-9573
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 23, 2025
—
Patricia Smith Redner
Jeffrey Alan Redner
Deed
related
—
May 23, 2025
$6,000,000
Tierra Apts LP
Michael Jeffrey Gallaher
Grant Deed
$6,000,000 · City Of Santa Monica
Jun 28, 2023
—
Marsha Jean Shidler
Marsha Jean Shidler
Intrafamily Transfer
related
—
Jun 15, 2023
—
Janet C Gallaher
Janet C Gallaher
Intrafamily Transfer
related
—
Dec 6, 2006
—
Sturtevant Family Trust
Sturtevant,lloyd F
Affidavit Of Death
related
—
Jun 30, 1999
$613,636
Sturtevant Trust
Charles W Smith Estate
Grant Deed
—
—
—
Smith
—
Deed Of Trust
related
$120,000 · Security Pacific 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.
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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