Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2020 Broadway Santa Monica, CA 90404-2910
    Back to Search
    Property profile & analytics

    2020 Broadway, Santa Monica, CA 90404-2910

    View on Map
    • Office Spaces
    • 12,200 SF
    • 0.45 lot acres
    Off-Market
    Last Sale May 16, 2024
    Property ID
    US09-9500337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,675,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eric J. Schmidt, Lac / Alternative Medicine Practice / Acupuncture
    • Meridian Health Clinic / Medical Clinic / Alternative Medicine Practice
    • Weinzoff Chiropractic & Wellness Center / Alternative Medicine Practice
    • Randy J. Weinzoff, DC / Alternative Medicine Practice

    Property Details for 2020 Broadway

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    0.45 lot acres
    Zone code
    SMLMSD*
    Property type
    Office Spaces
    APN
    4275-016-014
    APU
    4275016014

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 16, 2024 — 2020 Broadway LLC Fred W Plotke Intrafamily Transfer · related —
    Feb 8, 2024 — Fred W Plotke Fred W Plotke Intrafamily Transfer · related —
    Aug 19, 2013 — Fred W Plotke Plotke,virginia B Affidavit Of Death · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.478
    Latitude
    34.0276
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,496
    $410,807
    $756,791
    $1,167,598
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,008 SF

      1635 12Th St

      Office Units
      1635 12Th St, Santa Monica, CA 90404
      View Details
    • Value Estimation by Request
      17,390 SF

      1221 Olympic Blvd

      OFFICE (GENERAL)
      1221 Olympic Blvd, Santa Monica, CA 90404-3721
      View Details
    • Value Estimation by Request
      6,701 SF

      1907 Olympic Blvd

      Office Units
      1907 Olympic Blvd, Santa Monica, CA 90404
      View Details
    • Value Estimation by Request

      2500-2512 Santa Monica Blvd

      Office Units
      2500-2512 Santa Monica Blvd, Santa Monica, CA 90404
      View Details
    • Value Estimation by Request
      6,865 SF

      1735 Stewart St

      Office Units
      1735 Stewart St, Santa Monica, CA 90404
      View Details
    • Value Estimation by Request
      60,750 SF

      1528 Cloverfield Blvd

      Office Units
      1528 Cloverfield Blvd, Santa Monica, CA 90404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,256 SF

      Creative Office Building in Santa Monica

      Creative office building in Santa Monica's Media District for sale.
      1646 19Th St, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      5,012 SF

      Santa Monica Vacant Building Opportunity

      Vacant 5,012 SF building on 6,982 SF land for sale.
      1804 Lincoln Blvd, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Creative Office Space For Sale

      Creative office space with high ceilings and convenient location.
      Santa, Santa Monica, CA 90404
      View Details
    • $5,995,000
      6,407 SF

      Santa Monica Renovated Office Building

      Unique, renovated office building with mezzanine and patio in Santa Monica.
      1556 17Th St, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      11,267 SF

      Bright and Airy Loft Space

      Two-story loft with dedicated amenities and private outdoor patio.
      1750 14Th St, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      19,335 SF

      Santa Monica Creative Office Building

      Fully leased creative office building in prime Santa Monica location.
      1630 12Th St, Santa Monica, CA 90404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Santa Monica Commercial Space Available

      Located in Santa Monica's technology and media district.
      1527 26Th St, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Media Park Santa Monica Campus

      Campus-style environment ideal for entertainment, media, and tech tenants.
      1811 Centinela Ave, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Santa Monica's Water Garden

      Live-work space near Santa Monica Pier and Pacific Ocean.
      1601 Cloverfield Blvd, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      4,528 SF

      Santa Monica Flex Space Available

      Flex space featuring high ceilings, loading door, and mezzanine office.
      1631-1645 17Th St, Santa Monica, CA 90404
      View Details
    • $12,000 /Mo
      2,200 SF

      Creative Office Space For Rent

      Creative office space in Santa Monica Media District.
      Santa, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Santa Monica Office Space Available

      Office space for lease in Santa Monica, furniture available.
      1723 Cloverfield Blvd, Santa Monica, CA 90404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2020 Broadway
    Santa Monica, CA 90404-2910
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2020 Broadway, Santa Monica, CA, 90404
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!