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Property profile & analytics
OFF-MARKET
Investment properties
2116 Pico Blvd Santa Monica, CA 90405-1718
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6993592
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1956
Construction
TILT-UP CONCRETE
Total area
897 SF
Lot
0.1 ac (4,504 SF)
Zoning code
SMC4*
APN
4273-004-004
UPID
US09-6993592
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
-
Iglesia Ni Cristo - Local Congregation of Santa Monica Church Mosque
-
Living Room to Ballroom Training Center Gym & Fitness Center
-
Capoeira Besouro Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2116 Pico Retail Opportunity LLC · 1 yrs held
2116 Pico Retail Opportunity LLC
since 2024
6 recorded transactions
Zoning & alternative use
SMC4* · 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
—
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
$22,061
Tax year 2024
Assessed value
$1,830,583
Assessed 2024
Previous assessed
$1,830,583
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,591,812
Assessed improvement
$238,771
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
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
897 SF
Lot
0.1 ac (4,504 SF)
Zoning code
SMC4*
APN
4273-004-004
UPID
US09-6993592
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CA
Zoning SMC4* · permitted uses
SMC4* · 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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
2116 Pico Retail Opportunity LLC
Entity
Mailing address
12100 WILSHIRE BLVD STE #510, LOS ANGELES, CA 90025-7139
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
2116 Pico Retail Opportunity LLC
2108 Pico Owner LLC
Grant Deed
$1,750,000 · Rngf Investments 1 LLC
Jun 7, 2021
—
2108 Pico Owner LLC
2116 Pico Owner LLC
Intrafamily Transfer
related
$10,750,000 · Artes Capital Reit I LLC
Oct 30, 2020
$1,725,000
2116 Pico Owner LLC
Gift Allison M S 2019 Trust
Grant Deed
$1,250,000 · Deepak & Nandini Chopra
Oct 15, 2020
—
Gift A M S 2019 Trust No 2
Gift Allison M S 2019 Trust
Quit Claim Deed
related
—
Sep 25, 2019
—
Gift,allison M S 2019 Trust
Joan Whitney
Quit Claim Deed
—
Jul 2, 2015
—
Whitney,joan Family Trust
Whitney Joan
Quit Claim 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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