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Property profile & analytics
OFF-MARKET
Estimated value
$5,965,000
Turn key restaurants
2423 Wilshire Blvd Santa Monica, CA 90403
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9523705
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Construction
WOOD
Total area
1,910 SF
Lot
0.2 ac (8,816 SF)
Zoning code
SMC6*
APN
4276-003-005
UPID
US09-9523705
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.97M
Owner & transaction history
Eduard Sirota · 4 yrs held
Eduard Sirota
since 2021
Last sale
$6.1M
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
$5,710,000
ML approach
$5,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.97M
Range $5.37M – $6.56M · ±10% · vs last sale $6.10M (Dec 16 2021)
Last sale anchor
$6.10M
Dec 16 2021
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
$3,123 / 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
$73,581
Tax year 2024
Assessed value
$6,266,589
Assessed 2024
Previous assessed
$6,266,589
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$5,391,674
Assessed improvement
$874,915
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,910 SF
Lot
0.2 ac (8,816 SF)
Zoning code
SMC6*
APN
4276-003-005
UPID
US09-9523705
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Eduard Sirota
Individual
Mailing address
1537 N STANLEY AVE, LOS ANGELES, CA 90046-2710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
$6,100,000
Eduard Sirota
Bhupendrakumar M Patel
Grant Deed
$2,600,000 · First Republic Bank
Dec 16, 2021
—
Alexander Sirota
Albina Spektor
Intrafamily Transfer
related
—
Dec 8, 2020
—
Ps 2425 Wilshire Land Manager
Cfi Wilshire Land Owner LLC
Quit Claim Deed
—
Apr 5, 2019
—
Patel,b Family Trust
Del Taco LLC
Correction Deed
related
—
Mar 8, 2019
$400,000
Del Taco LLC
Patel B Family Trust
Grant Deed
—
Nov 14, 2016
—
Del Taco LLC
—
Deed
related
—
Jun 9, 2016
$5,100,000
Del Taco LLC
Cfi Wilshire Land Owner LLC
Grant Deed
—
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
—
Oct 5, 1998
—
Santina Guido Della Co Tr Et Al
—
Deed Of Trust
related
—
Dec 8, 1988
—
Frieda J Clark
—
Deed Of Trust
related
—
—
—
Cfi Wilshire Land Owner LLC
—
Loan Modification
related
$1,615,135 · First Century Bk
—
—
Cfi Wilshire Land Owner LLC
—
Loan Modification
related
$2,415,135 · First Century Bk
—
—
Del Taco LLC
—
Deed Of Trust
related
—
—
—
Cfi Wilshire Land Owner LLC
—
Loan Modification
related
$1,415,236 · First Century Bank
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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