Technical
Financial
Distress signals
Property profile

2423 Wilshire Blvd Santa Monica, CA 90403

OFF-MARKET
Turn key restaurants
Property ID
US09-9523705
1,910 SF 0.2 ac lot Built 1964
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

2423 Wilshire Blvd Santa Monica, CA 90403
Santa Monica metro Census 701601 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.71M

Owner & transaction history

since 2021
Last sale
$6.1M
7 recorded transactions
2021
$6.1M
2021
Price N/A
2020
Price N/A
2019
Price N/A
2019
$400,000
2016
Price N/A
2016
$5.1M

Zoning & alternative use

SMC6* · Santa Monica, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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