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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Turn key restaurants
202 Wilshire Blvd Santa Monica, CA 90401-1202
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6998479
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Construction
TILT-UP CONCRETE
Total area
7,778 SF
Lot
0.11 ac (5,000 SF)
Zoning code
SMBSC2*
APN
4291-002-021
UPID
US09-6998479
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
-
Hillstone Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$535k
Owner & transaction history
Retail By The Sea LLC · 26 yrs held
Retail By The Sea LLC
since 2000
7 recorded transactions
Zoning & alternative use
SMBSC2* · 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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$69 / 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
$53,949
Tax year 2024
Assessed value
$4,336,032
Assessed 2024
Previous assessed
$4,336,032
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,511,416
Assessed improvement
$1,824,616
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
7,778 SF
Lot
0.11 ac (5,000 SF)
Zoning code
SMBSC2*
APN
4291-002-021
UPID
US09-6998479
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBSC2* · Santa Monica, CA
Zoning SMBSC2* · permitted uses
SMBSC2* · 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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Retail By The Sea LLC
Entity
Mailing address
825 S BARRINGTON AVE, LOS ANGELES, CA 90049-4707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2021
—
Retail By The Sea LLC
—
Deed
related
$2,500,000 · George Gelsebach 2010 Trust
Aug 25, 2020
—
Retall By The Sea LLC
—
Deed
related
$4,000,000 · First Republic Bank
Jul 13, 2018
—
Retail By The Sea LLC
—
Deed
related
$1,500,000 · Gelsebach George 2010 Tr (pt)
Apr 16, 2018
—
Retail By The Sea LLC
—
Deed
related
$1,500,000 · Gelsebach George 2010 Tr (pt)
Jun 2, 2017
—
Retail By The Sea LLC
—
Deed
related
$2,546,226 · Hankey Cap
Jun 27, 2000
$1,700,000
Retail By The Sea LLC
Robert Burns & Sons INC
Grant Deed
$2,016,000 · Hawthorne Savings Bank Fsb
Jun 22, 1995
—
Robert Burns & Sons INC
—
Deed Of Trust
related
—
—
—
Retail By The Sea LLC
—
Deed Of Trust
related
$2,150,000 · Monterey Bay Bank
—
—
Retail By The Sea LLC
—
Deed Of Trust
related
$2,150,000 · Bank Of America
—
—
Retail By The Sea LLC
—
Loan Modification
related
$2,546,226 · Hankey Cap
—
—
Retail By The Sea LLC
—
Deed Of Trust
related
$1,500,000 · Gelsebach George 2010 Tr (pt)
—
—
Retail By The Sea LLC
—
Loan Modification
related
$1,500,000 · Gelsebach George 2010 Tr (pt)
—
—
Bassett California Co
—
Deed Of Trust
related
—
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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