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Property profile & analytics
FOR LEASE
Investment properties
1453 3Rd Street Promenade Santa Monica, CA 90401
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US09-7405157
For Lease
$32,395,000
1453 3Rd Street Promenade, Santa Monica, CA 90401
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1989
Construction
STEEL FRAME
Total area
128,638 SF
Lot
0.69 ac (29,998 SF)
Zoning code
SMBSC1*
APN
4291-017-025
UPID
US09-7405157
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
-
EDGE Consulting, Inc. (wants the word EDGE in Italic) Advertising Agency Marketing & Advertising
-
Luma Pictures Film Production Television Studio
-
Grade 6 Oil Corporate Office Financial Advisor
-
Wikia, Inc Corporate Office
-
SureSale Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$40.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.40M
Owner & transaction history
Promenade Equity INC · 23 yrs held
Promenade Equity INC
since 2003
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$43,415,000
6.5%
$40,075,000
7%
$37,215,000
Blend value · Realmo final
$32.40M
Range $29.16M – $35.63M · ±10%
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
$252 / 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
$623,646
Tax year 2024
Assessed value
$50,460,506
Assessed 2024
Previous assessed
$50,460,506
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$14,909,410
Assessed improvement
$35,551,096
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
128,638 SF
Lot
0.69 ac (29,998 SF)
Zoning code
SMBSC1*
APN
4291-017-025
UPID
US09-7405157
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBSC1* · Santa Monica, CA
Zoning 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
Santa Monica. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
0.69 ac
Current owner
From public records · entity-resolved
Promenade Equity INC
Entity
Mailing address
1453 3RD ST PROMENADE STE #100, SANTA MONICA, CA 90401-3487
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2025
—
Promenade Gateway LP
—
Deed
related
$90,000,000 · The Holders Of Comm 2016 Ccre28 Mortgage
Aug 9, 2004
—
Plitt Theatres INC
—
Deed Of Trust
related
$830,000,000 · Citicorp North America
Mar 5, 2003
—
Promenade Equity INC
Janss Promenade Assoc LLC
Quit Claim Deed
related
—
Dec 16, 1998
—
Janss Promenade Assoc LLC
—
Deed Of Trust
related
—
Jul 23, 1997
—
Promenade Assocs Janss
Janss Court Assocs,
Quit Claim Deed
related
—
Nov 22, 1995
—
Janss Court Associates LLC
Janss/mkdg Santa Monica I
Quit Claim Deed
related
$17,800,000 · Column Financial INC
Apr 23, 1992
—
Plitt Theatres INC
—
Deed Of Trust
related
—
Mar 10, 1988
—
Janss/mkdg Santa
Janss
Quit Claim Deed
related
$22,000,000 · Bk Montreal
—
—
Promenade Gateway LP
—
Deed Of Trust
related
$90,000,000 · Jefferies Loancore
—
—
Janss Mkdg Santa
—
Deed Of Trust
related
$32,000,000 · Bank Of Montreal
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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