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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Investment properties
2402 Wilshire Blvd Santa Monica, CA 90403-5806
Trust Owned
21-yr Hold
~
Est. High Equity
Property ID
US10-0308960
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1923
Construction
WOOD
Total area
3,765 SF
Lot
0.13 ac (5,819 SF)
Zoning code
SMC6*
APN
4276-017-042
UPID
US10-0308960
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
-
Coin Time Bitcoin ATM Currency Exchange Service Investment Service
-
Michaels Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Michael's Mart Department Store Grocery & Convenience Store
-
MIchael's Shredding Recycling Center Waste Management Facility
-
Shred Nations Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
H I M Family Trust · 21 yrs held
H I M Family Trust
since 2005
7 recorded transactions
Zoning & alternative use
SMC6* · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,175,000
7%
$1,090,000
Blend value · Realmo final
$870k
Range $783k – $957k · ±10%
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
$231 / 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
$10,678
Tax year 2024
Assessed value
$814,328
Assessed 2024
Previous assessed
$814,328
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$700,334
Assessed improvement
$113,994
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1923
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
3,765 SF
Lot
0.13 ac (5,819 SF)
Zoning code
SMC6*
APN
4276-017-042
UPID
US10-0308960
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC6* · Santa Monica, CA
Zoning 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
Santa Monica. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1923
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
H I M Family Trust
Trust
Mailing address
2402 WILSHIRE BLVD, SANTA MONICA, CA 90403-5806
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Mar 30, 2005
—
H I M Family Trust
Ral
Quit Claim Deed
related
$675,000 · Standard Insurance Co
May 15, 1996
—
Ral
Lieban,r A
Grant Deed
related
—
Dec 5, 1995
—
Herbert M Steiner
Vanwinkle,k A
Quit Claim Deed
related
—
Feb 3, 1995
—
Debra Brown
Brown,d Co-trustee
Quit Claim Deed
related
—
Dec 14, 1994
—
Brown,debra Co-trustee
Brown,d Co-trustees
Quit Claim Deed
related
—
—
—
Ral
—
Deed Of Trust
related
$340,000 · Wells Fargo Bank
—
—
Ral
—
Deed Of Trust
related
$60,000 · Wells Fargo Bank
—
—
H I M Family Trust
—
Deed Of Trust
related
$50,000 · Rebecca Hekmatravan
—
—
H,i M Family Trust
—
Deed Of Trust
related
$1,000,000 · Miscellaneous Ins Co
—
—
H,i M Family Trust
—
Deed Of Trust
related
$150,000 · Rebecca Hekmatravan
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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