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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office buildings
2421 Wilshire Blvd, Santa Monica, CA 90403-5805
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US10-0310562
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1934
Construction
TILT-UP CONCRETE
Total area
3,762 SF
Lot
0.1 ac (4,397 SF)
Zoning code
SMC6*
APN
4276-003-004
UPID
US10-0310562
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
-
GoodCause Recovery Treatment & Rehabilitation For Addiction Treatment Center Rehabilitation Center
-
VCA Wilshire Animal Hospital Veterinary Clinic
-
Dr. Jack Vet Services Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$795k
Owner & transaction history
Bhupendrakumar M Patel · 7 yrs held
Bhupendrakumar M Patel
since 2019
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$211 / 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
$55,329
Tax year 2024
Assessed value
$4,701,151
Assessed 2024
Previous assessed
$4,701,151
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,790,977
Assessed improvement
$1,910,174
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1934
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
3,762 SF
Lot
0.1 ac (4,397 SF)
Zoning code
SMC6*
APN
4276-003-004
UPID
US10-0310562
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
1934
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Bhupendrakumar M Patel
Individual
Mailing address
PO BOX 4141, MCCALL, ID 83638-8141
Ownership since
2019
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 8, 2019
$5,000,000
Bhupendrakumar M Patel
Del Taco LLC
Grant Deed
$2,125,000 · First Internet Bank Of Indiana
Mar 13, 2013
$1,800,018
Cfi Wilshire Land Owner LLC
Judith Della Santina
Grant Deed
$1,000,000 · First Century Bank NA
Sep 13, 2012
—
Bungert Carol C Family Trust
Bungert,carol C
Quit Claim Deed
related
—
Aug 16, 2012
—
Carol C Bungert
Bungert Trust
Quit Claim Deed
related
—
Mar 16, 2004
—
Zeigen,tr
Zeigen,robert S & Leslie C
Quit Claim Deed
related
—
Mar 19, 2002
—
Bungert,douglas E & Carol C Tr
Bungert,c C
Quit Claim Deed
related
—
—
—
Cfi Wilshire Land Owner LLC
—
Loan Modification
related
$1,615,135 · First Century Bk
—
—
Cfi Wilshire Land Owner LLC
—
Loan Modification
related
$1,415,236 · First Century Bank
—
—
Cfi Wilshire Land Owner LLC
—
Loan Modification
related
$2,415,135 · First Century Bk
Apr 24, 1961
—
—
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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