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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Investment properties
1522 2nd St Santa Monica, CA 90401-2303
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6361290
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1995
Construction
WOOD
Total area
12,975 SF
Lot
0.18 ac (7,758 SF)
Zoning code
SMC3*
APN
4291-028-003
UPID
US09-6361290
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
-
Edifice Protection Group Security Service
-
John D Forbess Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
1522 Second Street LLC · 8 yrs held
1522 Second Street LLC
since 2018
7 recorded transactions
Zoning & alternative use
SMC3* · 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
$137 / 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
$178,885
Tax year 2024
Assessed value
$14,780,624
Assessed 2024
Previous assessed
$14,780,624
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$6,079,578
Assessed improvement
$8,701,046
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
Off-Market
Year built
1995
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
3
Total area
12,975 SF
Lot
0.18 ac (7,758 SF)
Zoning code
SMC3*
APN
4291-028-003
UPID
US09-6361290
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3* · Santa Monica, CA
Zoning SMC3* · permitted uses
SMC3* · 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
1995
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
1522 Second Street LLC
Entity
Mailing address
10000 SANTA MONICA BLVD UNIT #1803, LOS ANGELES, CA 90067-7018
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Mar 9, 2018
$13,250,000
1522 Second Street LLC
Hertz Sm One LLC
Grant Deed
$11,615,000 · Farmers & Merchants Bk/lng Bch
Aug 15, 2008
—
Hertz Sm One LLC
1522-1524 Second Street LLC
Grant Deed
$4,400,000 · Wells Fargo Bank NA
Mar 21, 2007
$8,000,000
1522-1524 Second Street LLC
Odyssey 33 LLC
Grant Deed
—
Aug 22, 2003
—
Odyssey 33 LLC
Calstar Santa Monica LLP
Grant Deed
$900,000 · Chester Barrett
May 30, 1995
—
Calstar Santa Monica LP
—
Grant Deed
related
$800,000 · Bank Of Los Angeles
—
—
Calstar Santa Monica LP
—
Deed Of Trust
related
$1,200,000 · Quaker City Federal S & L
—
—
Odyssey 33 LLC
—
Deed Of Trust
related
$1,750,000 · First Republic Bank
—
—
Chester L Barrett
—
Deed Of Trust
related
$800,000 · Bank Of Los Angeles
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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