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Property profile & analytics
OFF-MARKET
Auto shops
2344 Pico Blvd Santa Monica, CA 90405-1755
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-6420815
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1993
Construction
TILT-UP CONCRETE
Total area
4,562 SF
Lot
0.31 ac (13,493 SF)
Zoning code
SMC4*
APN
4273-007-042
UPID
US09-6420815
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
-
Job Tac Gas Station
-
Jiffy Lube Auto Repair Shop
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
Pico Santa Monica Group LLC · 1 yrs held
Pico Santa Monica Group LLC
since 2024
Last sale
$4.0M
7 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
$35,199
Tax year 2024
Assessed value
$2,883,756
Assessed 2024
Previous assessed
$2,883,756
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,246,694
Assessed improvement
$637,062
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
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,562 SF
Lot
0.31 ac (13,493 SF)
Zoning code
SMC4*
APN
4273-007-042
UPID
US09-6420815
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
Building & site characteristics
From public records
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Pico Santa Monica Group LLC
Entity
Mailing address
PO BOX 49625, LOS ANGELES, CA 90049-0625
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
$4,046,500
Pico Santa Monica Group LLC
Sororis LLC
Grant Deed
$1,700,000 · Logix FCU
Aug 19, 2022
—
Sororis LLC
—
Deed
related
$1,500,000 · Community West Bank NA
Oct 5, 2016
—
Sororis LLC
Liber Family Trust
Quit Claim Deed
—
Mar 2, 2012
$2,150,000
Liber Family Trust
Alamitos Dev LLC
Grant Deed
—
Aug 2, 2005
$1,575,000
Alamitos Development LLC
Miccosukee Land Co LLC
Grant Deed
$765,000 · Wachovia Commercial Mortgage INC
Jul 1, 2003
—
Miccosukee Land Co LLC
—
Deed Of Trust
related
$3,710,000 · Imperial Capital Bank
Sep 22, 1999
$1,076,000
Miccosukee Land Co
Burney Enterprises LLC
Grant Deed
—
Sep 24, 1998
—
Oil Shoppe
—
Deed Of Trust
related
$1,138,000 · Penzoil Lube Center Acceptance
Jul 30, 1993
$667,500
Burney Enterprises
Hanson Family Pa
Grant Deed
$400,000 · Hanson Family Part
Jan 15, 1993
—
Keatts Katrina J Co Tr
—
Deed Of Trust
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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