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Property profile & analytics
OFF-MARKET
Estimated value
$9,075,000
Medical Office Space
2428 Santa Monica Blvd Santa Monica, CA 90404-2045
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6572491
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
CONCRETE
Total area
35,193 SF
Lot
1.02 ac (44,387 SF)
Zoning code
SMR2-C4*
APN
4275-003-016
UPID
US09-6572491
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
-
Dr. David Youssefi DMD, Rapid Smile Dental Group Dental Office
-
Frazier Mary Jo DDS Dental Office
-
Eugene Kimn, MD Physician
-
Resolution Advanced Imaging Center Medical Clinic
-
Parkside Surgery Institute Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.08M
Owner & transaction history
2336 Blvd · 23 yrs held
2336 Blvd
since 2002
7 recorded transactions
Zoning & alternative use
SMR2-C4* · 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%
$11,125,000
6.5%
$10,270,000
7%
$9,535,000
Blend value · Realmo final
$9.08M
Range $8.17M – $9.98M · ±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
$258 / 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
$236,645
Tax year 2024
Assessed value
$19,950,200
Assessed 2024
Previous assessed
$19,950,200
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$8,235,669
Assessed improvement
$11,714,531
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Stories
4
Total area
35,193 SF
Lot
1.02 ac (44,387 SF)
Zoning code
SMR2-C4*
APN
4275-003-016
UPID
US09-6572491
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR2-C4* · Santa Monica, CA
Zoning SMR2-C4* · permitted uses
SMR2-C4* · 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
1985
Construction
CONCRETE
Heating
NONE
Stories
4
Lot
1.02 ac
Current owner
From public records · entity-resolved
2336 Blvd
Individual
Mailing address
701 N BRAND BLVD STE #810, GLENDALE, CA 91203-1282
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
—
2336 And 2428 Santa Monica Boulevar
—
Deed
related
$15,000,000 · River City Bank
Oct 12, 2012
—
Venus Parkside LLC
—
Deed Of Trust
related
$12,000,000 · Principal Life Insurance Co
Oct 3, 2002
—
2336 Blvd
2336 & 2428 Santa Monica Blvd
Quit Claim Deed
related
$13,820,000 · Wachovia Bank NA
Aug 13, 2002
—
Barry L Agin
Agin,suzanne
Quit Claim Deed
$3,870,000 · Kwi Parkside Medical LP
Aug 21, 1997
—
Katz,oscar Trustee
Katz O Trustee,
Quit Claim Deed
related
—
Aug 15, 1997
—
Katz,oscar Trustee
Katz O Trustee,
Quit Claim Deed
related
—
—
—
Parkside Properties Trust
—
Deed Of Trust
related
$8,000,000 · Cfsc Capital Corp Xxx
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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