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Property profile & analytics
OFF-MARKET
Turn key restaurants
1502 Broadway 100 Santa Monica, CA 90404-2314
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9170546
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2012
Construction
WOOD
Total area
570 SF
Lot
0.34 ac (14,997 SF)
Zoning code
SMBC D*
APN
4282-035-031
UPID
US09-9170546
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
-
LA Apartments Santa Monica Real Estate Agency
-
Blink Charging Station Electric Vehicle Charging Station
-
Bixby Apartment Complex Apartment Building
-
Foodstirs Junk-Free Bakery Corporate Office
-
Fig & Bean Bistro Cafe & Coffee Shop
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
Verbena Wrc 15th LP · 7 yrs held
Verbena Wrc 15th LP
since 2019
7 recorded transactions
Zoning & alternative use
SMBC D* · 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
$11,243
Tax year 2024
Assessed value
$923,479
Assessed 2024
Previous assessed
$923,479
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$214,439
Assessed improvement
$709,040
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Units
1
Bathrooms
1
Total area
570 SF
Lot
0.34 ac (14,997 SF)
Zoning code
SMBC D*
APN
4282-035-031
UPID
US09-9170546
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBC D* · Santa Monica, CA
Zoning SMBC D* · permitted uses
SMBC D* · 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
2012
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Units
1
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Verbena Wrc 15th LP
Entity
Mailing address
88 KEARNY ST STE #1400, SAN FRANCISCO, CA 94108-5541
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jul 12, 2019
—
Verbena Wrc 15th LP
Scrv Spe 2 LP
Quit Claim Deed
$18,600,000 · Tga Mkp Reit LLC+
Jan 3, 2018
$952,000
Mdp Spe 2 LP
Rep Wrc Spe 2 LP
Trustees Deed
$63,635,000 · P6 La Mf Holdings I LLC
Sep 7, 2017
$1,255,500
808 Broadway Spe 2 LP
Rep Wrc Spe 2 LP
Grant Deed
—
May 18, 2017
$1,866,000
Rrv Spe 2 LP
Rep Wrc Spe 2 LP
Grant Deed
—
Nov 21, 2016
$17,600,000
Scrv Spe 2 LP
Luxe Broadway LLC
Grant Deed
$63,635,000 · P6 La Mf Holdings I LLC
Jan 13, 2012
$10,890,500
Luxe Broadway LLC
Broadway Group LLC
Grant Deed
related
$16,150,000 · Key Bank & Trust
Jun 2, 2009
—
Broadway Group LLC
—
Deed Of Trust
related
$13,000,000 · First Regional Bank
Feb 21, 2007
—
Broadway Group LLC
—
Trustees Deed
related
$13,000,000 · First Regional 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.
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