Individually Owned Property summary
AI-generated overview
This exceptional medical office building, located at 2001 & 2021 Santa Monica Boulevard in the heart of Santa Monica, California (zip code 90404), offers a unique opportunity for healthcare professionals. The twelve-story building boasts a total of 22,848 square feet of entirely vacant, modern medical office space, currently available for lease. Suites are divisible to a minimum of 677 square feet, with a maximum contiguous space of 4,014 square feet, providing flexibility for practices of various sizes. The building's convenient location in Los Angeles County ensures easy access for patients and staff. Ample parking is provided, with a ratio of 4.2 spaces per 1,000 square feet. This is a rare chance to secure prime medical office space in a highly desirable and established Santa Monica location. The property is classified as a multi-tenant office building, offering a vibrant and collaborative environment. The address is easily accessible and benefits from high visibility. This presents an excellent opportunity for a medical practice seeking a prestigious and well-equipped space to thrive. Contact us today to learn more about leasing options and to schedule a viewing.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Construction
STEEL FRAME
Total area
152,620 SF
Lot
0.62 ac (26,971 SF)
Zoning code
SMCP5*
APN
4276-027-015
UPID
US09-6995527
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pediatrician Medical Clinic
-
Physician
-
Physician
-
Medical Clinic
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.84M
Owner & transaction history
since 2014
7 recorded transactions
Zoning & alternative use
SMCP5* · Santa Monica, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$21.84M
Value range
$19.66M – $24.02M
±10% around blend
Estimated value / SF
$143 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$19.66M
blend $21.84M
$24.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
152,620 SF
Lot area
0.62 ac
Year built
1976
APN
4276-027-015
Zoning
SMCP5*
Assessed value
$32,937,095
Annual tax
$392,855
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$21.84M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 373 sales
$455
-69%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $143/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$32.94M
Move the market yield to see immediate price impact.
Value / SF
$216
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2.08M
$41.50M
$29.64M
$23.06M
$2.31M
$46.11M
$32.94M
$25.62M
$2.54M
$50.72M
$36.23M
$28.18M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$392,855
Tax year 2024
Assessed value
$32,937,095
Assessed 2024
Previous assessed
$32,937,095
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,358,997
Assessed improvement
$30,578,098
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Total area
152,620 SF
Lot
0.62 ac (26,971 SF)
Zoning code
SMCP5*
APN
4276-027-015
UPID
US09-6995527
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMCP5* · Santa Monica, CAZoning SMCP5* · permitted uses
SMCP5* · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1976
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Lot
0.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
SMCP5*
Jurisdiction
Santa Monica, CA
Recorded code
SMCP5*
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SMCP5* in Santa Monica, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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