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Property profile & analytics
OFF-MARKET
Estimated value
$4,435,000
Auto shops
2311 Lincoln Blvd Santa Monica, CA 90405-2550
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6284403
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1948
Construction
TILT-UP CONCRETE
Total area
2,724 SF
Lot
0.12 ac (5,286 SF)
Zoning code
SMC4*
APN
4284-005-018
UPID
US09-6284403
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
-
American Tire Depot (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.44M
Owner & transaction history
Dmd Enterprises LLC · 3 yrs held
Dmd Enterprises LLC
since 2022
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
SMC4* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+160.1%
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
$4,345,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,275,000
Change: +160% · Conversion: Difficult
Blend value · Realmo final
$4.44M
Range $3.99M – $4.88M · ±10% · vs last sale $4.55M (Aug 31 2022)
Last sale anchor
$4.55M
Aug 31 2022
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
$1,628 / 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
$28,497
Tax year 2024
Assessed value
$2,370,480
Assessed 2024
Previous assessed
$2,370,480
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,040,000
Assessed improvement
$330,480
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
2,724 SF
Lot
0.12 ac (5,286 SF)
Zoning code
SMC4*
APN
4284-005-018
UPID
US09-6284403
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.3M
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
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Dmd Enterprises LLC
Entity
Mailing address
363 S MSN RD, LOS ANGELES, CA 90033-3752
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$4,554,000
Dmd Enterprises LLC
Hye LLC
Grant Deed
$1,700,000 · Logix FCU
Feb 7, 2020
—
Mira Vista Park LLC
—
Deed
related
$10,000,000 · Lone Oak Fund
Oct 19, 2017
—
Hye LLC
—
Grant Deed
related
$5,000,000 · Cathay Bk
May 31, 2007
$1,200,000
Mira Vista Park LLC
Delmer-hecht Living Trust
Grant Deed
—
Jun 4, 1999
—
Delmer,harry J & Deborah A Trust
Delmer,h J
Quit Claim Deed
related
—
—
—
Fred Delmer
—
Deed Of Trust
related
$35,000 · Individual
—
—
Mira Vista Park LLC
—
Deed Of Trust
related
$840,000 · Bank Of America
—
—
Mira Vista Park LLC
—
Deed Of Trust
related
$10,000,000 · Lone Oak Fund
Jul 27, 1959
—
—
—
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.
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