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Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Retail space
2301 Wilshire Blvd Santa Monica, CA 90403-5801
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6368505
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Construction
WOOD
Total area
1,987 SF
Lot
0.1 ac (4,419 SF)
Zoning code
SMC6*
APN
4276-004-001
UPID
US09-6368505
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
-
Citibank Bank Loan Service
-
Audiencent Group, LLC IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Brandieta Group, LLC Logistics Company Trucking Company
-
Araix Group, LLC Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.75M
Owner & transaction history
Klm 2301 Wilshire LLC · 3 yrs held
Klm 2301 Wilshire LLC
since 2023
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
SMC6* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+14.0%
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
$3,780,000
ML approach
$3,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,390,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±10% · vs last sale $3.73M (Feb 27 2023)
Last sale anchor
$3.73M
Feb 27 2023
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
$1,885 / 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
$53,570
Tax year 2024
Assessed value
$4,559,400
Assessed 2024
Previous assessed
$4,559,400
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$4,080,000
Assessed improvement
$479,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1923
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,987 SF
Lot
0.1 ac (4,419 SF)
Zoning code
SMC6*
APN
4276-004-001
UPID
US09-6368505
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC6* · Santa Monica, CAZoning SMC6* · permitted uses
SMC6* · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.4M
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Klm 2301 Wilshire LLC
Entity
Mailing address
920 BROADWAY17THFL, NEW YORK, NY 10010-6004
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
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
$3,730,000
Klm 2301 Wilshire LLC
Eatons Neck Holdings LLC
Grant Deed
$2,000,000 · Americo Financial Life And Annuity Compa
Jan 22, 2016
—
Ms 2301 Wilshire LLC
Fs 2301 Wilshire LLC
Grant Deed
—
Jan 22, 2016
$6,250,000
Eatons Neck Holdings LLC
Ms 2301 Wilshire LLC
Grant Deed
—
Sep 21, 2012
$1,855,000
Fs 2301 Wilshire LLC
2301 Wilshire Corp
Grant Deed
$1,551,000 · Pcg Colusa 2000 LLC
Jul 1, 2010
$1,240,000
2301 Wilshire Corp
Shinhan Bk America
Grant Deed
$1,000,000 · Shinhan Bank
Apr 2, 2010
—
Calimac Asset
Tdsk Investment LLC
Grant Deed
—
Mar 18, 2010
$1,516,188
Bk America Shinhan
Asset Foreclosure Svcs INC
Trustees Deed
related
—
Mar 11, 2010
—
Global Trustee
Tdsk Investment
Grant Deed
—
Feb 8, 2010
—
Tdsk Investment
C & H Natural Food INC
Grant Deed
—
Jan 28, 2010
—
A-apple INC
Plymouth Bancorp
Grant Deed
—
Dec 9, 2009
—
Plymouth Bancorp Corp
Hancock Trustee Services
Trustees Deed
related
—
Nov 6, 2009
—
C Food
Reichart,andreas & Chong H
Grant Deed
—
Jul 9, 2009
—
Andreas Reichart
Kim,david
Grant Deed
—
Aug 24, 2005
$1,825,000
David Kim
Croghan B A P Trust
Grant Deed
$1,137,500 · Nara Bank
Aug 24, 2005
—
David Kim
Kim,katherine K S
Quit Claim Deed
related
—
Oct 23, 2000
—
Croghan B A Trustee
Croghan,b P
Quit Claim Deed
related
—
—
—
David Kim
—
Deed Of Trust
related
$250,000 · Mirae Bank
—
—
David Kim
—
Deed Of Trust
related
$1,260,000 · Shinhan Bank
—
—
Fs 2301 Wilshire LLC
—
Deed Of Trust
related
$1,113,000 · Pacific Western Bank
—
—
David Kim
—
Deed Of Trust
related
$350,000 · Shinhan Bank
—
—
Eatons Neck Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Miscellaneous Ins Co
—
—
David Kim
—
Deed Of Trust
related
$550,000 · Pacific City Bank
—
—
David Kim
—
Deed Of Trust
related
$500,000 · Andreas & Chong H Reichart
—
—
David Kim
—
Deed Of Trust
related
$1,200,000 · Mirae Bank
—
—
Fs 2301 Wilshire LLC
—
Deed Of Trust
related
$660,000 · Pcg Colusa 2000 LLC
—
—
David Kim
—
Deed Of Trust
related
$150,000 · Mirae Bank
—
—
David Kim
—
Deed Of Trust
related
$100,000 · Mirae Bank
—
—
David Kim
—
Deed Of Trust
related
$350,000 · Wilshire State Bank
—
—
David Kim
—
Deed Of Trust
related
$550,000 · Mirae Bank
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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