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Property profile & analytics
OFF-MARKET
Estimated value
$2,925,000
Flex space
2419 Michigan Ave Santa Monica, CA 90404-4009
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-0312017
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1960
Construction
TILT-UP CONCRETE
Total area
29,976 SF
Lot
1.27 ac (55,296 SF)
Zoning code
SMLMSD*
APN
4268-014-030
UPID
US10-0312017
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
-
GumGum Marketing & Advertising Advertising Agency
-
Best&Fast Water Damage & Restoration Santa Monica Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$2.93M
Owner & transaction history
Rcp Holdings Viii LLC · 9 yrs held
Rcp Holdings Viii LLC
since 2016
7 recorded transactions
Zoning & alternative use
SMLMSD* · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.93M
Range $2.63M – $3.22M · ±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
$98 / 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
$466,309
Tax year 2024
Assessed value
$39,824,027
Assessed 2024
Previous assessed
$39,824,027
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$34,134,882
Assessed improvement
$5,689,145
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Total area
29,976 SF
Lot
1.27 ac (55,296 SF)
Zoning code
SMLMSD*
APN
4268-014-030
UPID
US10-0312017
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMLMSD* · Santa Monica, CAZoning SMLMSD* · permitted uses
SMLMSD* · 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
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Lot
1.27 ac
Current owner
From public records · entity-resolved
Rcp Holdings Viii LLC
Entity
Mailing address
PO BOX 531847, LOS ANGELES, CA 90053-1847
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Rcp Holdings X LLC
—
Deed
related
$59,412,000 · Ab Commercial Real Estate Private Debt F
Oct 10, 2017
—
Rcp Holdings Viii LLC
—
Loan Modification
related
$37,234,249 · Pacific Wstrn Bk
Dec 21, 2016
$35,000,000
Rcp Holdings Viii LLC
Bergamot Station Phase II Ltd
Grant Deed
$20,898,439 · Pacific Western National Bank
Apr 1, 1998
—
Bergamot Station Phase II Ltd
—
Deed Of Trust
related
$4,430,000 · Fremont Investment & Loan
Dec 21, 1994
$1,945,000
Bergamot Station Phase II Ltd
Sutton Property Ltd
Grant Deed
$1,475,000 · Seller
May 16, 1972
—
—
—
Grant Deed
related
—
—
—
Bergamot Station II Ltd
—
Deed Of Trust
related
$8,700,000 · California Cu
—
—
Bergamot Station Phase II
—
Deed Of Trust
related
$5,700,000 · Telesis Community Cu
—
—
Bergamot Station Phase II Ltd
—
Deed Of Trust
related
$350,000 · Telesis Community Cu
—
—
Bergamot Station Phase II Ltd
—
Deed Of Trust
related
$6,800,000 · Telesis Community Cu
—
—
Bergamot Station Phase II Ltd
—
Deed Of Trust
related
$9,500,000 · California Cu
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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