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Property profile & analytics
OFF-MARKET
Estimated value
$12,890,000
Banks
1420 Wilshire Blvd Santa Monica, CA 90403
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6723667
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1953
Construction
WOOD
Total area
19,450 SF
Lot
0.69 ac (29,976 SF)
Zoning code
SMCP3-C6*
APN
4282-003-001
UPID
US09-6723667
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.47M
Blend (final)
Blend
$12.89M
Owner & transaction history
1420 Wilshire LLC · 1 yrs held
1420 Wilshire LLC
since 2025
Last sale
$16.0M
7 recorded transactions
Zoning & alternative use
SMCP3-C6* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$20.5M
+88.4%
Commercial (general)
$14.8M
+35.9%
Restaurant
$12.7M
+16.3%
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
$14,665,000
ML approach
$8,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$10,890,000
Current use
RETAIL STORES
$20,520,000
Change: +88% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,800,000
Change: +36% · Conversion: Difficult
RESTAURANT
$12,665,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,835,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,995,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$12.89M
Range $11.60M – $14.18M · ±10% · vs last sale $16.00M (Apr 21 2025)
Last sale anchor
$16.00M
Apr 21 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
$663 / 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
$184,096
Tax year 2024
Assessed value
$15,578,484
Assessed 2024
Previous assessed
$15,578,484
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$9,339,498
Assessed improvement
$6,238,986
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
19,450 SF
Lot
0.69 ac (29,976 SF)
Zoning code
SMCP3-C6*
APN
4282-003-001
UPID
US09-6723667
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMCP3-C6* · Santa Monica, CAZoning SMCP3-C6* · permitted uses
SMCP3-C6* · 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
FINANCIAL BUILDING Current
Est. value
$10.9M
RETAIL STORES
Est. value
$20.5M
COMMERCIAL (GENERAL)
Est. value
$14.8M
RESTAURANT
Est. value
$12.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$9.0M
FINANCIAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
1420 Wilshire LLC
Entity
Mailing address
22917 PACIFIC COAST HWY STE 300A, MALIBU, CA 90265-4959
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2025
$16,000,000
1420 Wilshire LLC
Hg American Commercial Prop One LLC
Grant Deed
$12,000,000 · Bank Of America NA
Dec 24, 2012
—
Hg American Commercial Props
—
Deed Of Trust
related
$19,686,000 · Lincoln National Life Ins
Feb 3, 2005
$12,270,620
Hg American Coml Props One Ll
Cohen Family Trust
Grant Deed
—
Apr 13, 2001
—
Gould,david L & Sandra L Tr
Gould,d L & S A
Quit Claim Deed
related
—
Apr 11, 1994
—
Cohen Richard
—
Deed Of Trust
related
—
Mar 29, 1990
—
David L Gould
Gould
Quit Claim Deed
related
—
Dec 28, 1989
—
Cohen Richard S
Cohen
Quit Claim Deed
related
—
—
—
Richard S Cohen
—
Deed Of Trust
related
$2,500,000 · Guardian Life Insurance Co
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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