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Property profile & analytics
OFF-MARKET
Estimated value
$27,195,000
Medical Office Space
2020 Santa Monica Blvd Santa Monica, CA 90404-2023
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6572359
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
166,091 SF
Lot
2 ac (87,121 SF)
Zoning code
SMCP5-CP3*
APN
4275-008-016
UPID
US09-6572359
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
-
Providence Ambulatory Surgery Center - Santa Monica Medical Clinic Hospital
-
UCLA Rheumatology Medical Clinic
-
Tanaz A. Kermani, MD Physician
-
Premiere Oncology Medical Group
-
Jonathan W. Goldman, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.20M
Owner & transaction history
Hpo Los Angeles LLC · 3 yrs held
Hpo Los Angeles LLC
since 2023
7 recorded transactions
Zoning & alternative use
SMCP5-CP3* · 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
$164 / 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
$560,060
Tax year 2024
Assessed value
$46,901,300
Assessed 2024
Previous assessed
$46,901,300
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$23,915,290
Assessed improvement
$22,986,010
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
166,091 SF
Lot
2 ac (87,121 SF)
Zoning code
SMCP5-CP3*
APN
4275-008-016
UPID
US09-6572359
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMCP5-CP3* · Santa Monica, CA
Zoning SMCP5-CP3* · permitted uses
SMCP5-CP3* · 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
1984
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Hpo Los Angeles LLC
Entity
Mailing address
1400 N WATER ST STE #500, MILWAUKEE, WI 53202-4129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2023
—
Hpo Los Angeles LLC
Hc Santa Monica Partners I LLC
Grant Deed
$50,000,000 · Voya Investment Management LLC
Dec 15, 2022
—
Hc Santa Monica Partners I LLC
—
Deed
related
$50,000,000 · Voya Investment Management LLC
Dec 17, 2004
—
Hc Santa Monica Partners I LLC
Koll Santa Monica Assocs One
Grant Deed
$44,750,000 · Fremont Investment & Loan
—
—
Hc Santa Monica Partners I LLC
—
Deed Of Trust
related
$45,600,000 · General Electric Capital Corp
—
—
Hc Santa Monica Partners I LLC
—
Deed Of Trust
related
$48,750,000 · Guaranty Bank
—
—
Hc Santa Monica Partners I LLC
—
Deed Of Trust
related
$52,000,000 · John Hancock Life Insurance Co
Jul 14, 1967
—
—
—
Grant Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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