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Property profile & analytics
OFF-MARKET
Auto shops
1428 2nd St Santa Monica, CA 90401-3427
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-7307408
Property summary
AI-generated overview
This exceptional 1,855 square foot executive office suite is located in a single-story building at 1428 2nd St, Santa Monica, CA 90401, within Los Angeles County. The property boasts a stunning, creative design featuring soaring high ceilings and abundant natural light, complemented by exposed brick and wood beam ceilings with large skylights. The open floor plan includes five perimeter offices, a dedicated conference room, and a convenient kitchenette. The building's total square footage is 5,138 square feet, with 1,855 square feet currently vacant and ready for immediate occupancy. Multiple tenants occupy the building. Ample parking is available on-site. This prime location offers unparalleled convenience, with easy access to the Metro, a wide array of restaurants, bars, cafes, shopping, Ocean Avenue, Third Street Promenade, and the beautiful Santa Monica beach, all within walking distance. This is a unique opportunity to customize a remarkable space in a highly desirable area. The property is situated in a one-story building.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1921
Construction
TILT-UP CONCRETE
Total area
7,500 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SMBSC4*
APN
4291-015-006
UPID
US09-7307408
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
-
Silver Shaeffer & Hadden Law Law Firm
-
Santa Monica Language Academy Language School Training Center
-
Century Commercial Brokerage Real Estate Agency
-
InnerSense, Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Reality Center Alternative Medicine Practice Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lyle S Poncher · 10 yrs held
Lyle S Poncher
since 2015
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
—
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
$21,059
Tax year 2024
Assessed value
$1,354,103
Assessed 2024
Previous assessed
$1,354,103
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,068,897
Assessed improvement
$285,206
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1921
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,500 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SMBSC4*
APN
4291-015-006
UPID
US09-7307408
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBSC4* · Santa Monica, CAZoning 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
Building & site characteristics
From public records
Year built
1921
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lyle S Poncher
Individual
Mailing address
1428 2ND ST STE #100, SANTA MONICA, CA 90401-2367
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Dec 17, 2015
—
Lyle S Poncher
Poncher,elizabeth
Quit Claim Deed
$311,861 · Pacific Western National Bank
Aug 19, 2010
—
Kaplan Ernest A Living Trust
Kaplan,ernest A
Quit Claim Deed
related
—
Aug 14, 2008
—
Poncher Lyle S Family Trust
Poncher,lyle S
Quit Claim Deed
related
—
Oct 2, 2006
—
Lyle S Poncher
Poncher,yoshiko H
Quit Claim Deed
related
—
Jun 23, 1995
$126,000
Lyle S Poncher
Kaplan,ernest A & Judith M
Grant Deed
related
—
—
—
Robert Gindy
—
Deed Of Trust
related
$392,826 · Pacific Western Bank
—
—
Ernest A Kaplan
—
Deed Of Trust
related
$572,000 · Bank Of California
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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