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Property profile & analytics
OFF-MARKET
Estimated value
$8,290,000
Parking lots & garages
1414 12th St Santa Monica, CA 90401-3004
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7407982
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Total area
7,000 SF
Lot
0.17 ac (7,497 SF)
Zoning code
SMC4*
APN
4282-024-004
UPID
US09-7407982
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
-
Mason Opener & Spring Repair Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.29M
Owner & transaction history
8 Automotive LLC · 3 yrs held
8 Automotive LLC
since 2022
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
SMC4* · 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
$7,185,000
ML approach
$8,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$11,155,000
Current use
Blend value · Realmo final
$8.29M
Range $7.46M – $9.12M · ±10% · vs last sale $8.96M (Sep 1 2022)
Last sale anchor
$8.96M
Sep 1 2022
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
$1,184 / 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
$36,153
Tax year 2024
Assessed value
$3,034,500
Assessed 2024
Previous assessed
$3,034,500
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,034,500
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Total area
7,000 SF
Lot
0.17 ac (7,497 SF)
Zoning code
SMC4*
APN
4282-024-004
UPID
US09-7407982
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CAZoning SMC4* · permitted uses
SMC4* · 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
PARKING LOT Current
Est. value
$11.2M
PARKING LOT 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
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
8 Automotive LLC
Entity
Mailing address
2034 COTNER AVE4THFL, LOS ANGELES, CA 90025-5668
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$8,964,500
8 Automotive LLC
Ruminate Santa Monica LLC
Grant Deed
$7,085,000 · Zb NA
Aug 16, 2021
—
Ruminate Santa Monica LLC
Pelican 88 LLC
Quit Claim Deed
related
$3,750,000 · Farmers & Merchants Bank Of Long Be
Jul 31, 2014
$6,250,000
Pelican 88 LLC
Kondo,hideo & Kyoko
Grant Deed
—
Sep 16, 2003
—
Hideo Kondo
—
Deed Of Trust
related
$1,020,000 · Zions First National Bank
Jun 21, 1996
—
Hideo Kondo
—
Deed Of Trust
related
$1,175,000 · First National Bank Ventura
Apr 21, 1993
$191,000
Hideo Kondo
J & S Robison In
Grant Deed
$40,000 · Individual
Jun 29, 1989
—
J Robison
Robis
Quit Claim Deed
related
—
—
—
Kondo,hideo & Kyoko
—
Loan Modification
related
$2,850,000 · Telesis Cmnty Cu
—
—
Hideo Kondo
—
Deed Of Trust
related
$2,850,000 · Telesis Community Cu
—
—
Hideo Kondo
—
Deed Of Trust
related
$130,000 · Premier Commercial Bank NA
—
—
Hideo Kondo
—
Deed Of Trust
related
$34,900 · Us Small Business Admn
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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