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Property profile & analytics
OFF-MARKET
Estimated value
$6,115,000
Investment properties
2524 Wilshire Blvd Santa Monica, CA 90403
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7378472
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1992
Construction
TILT-UP CONCRETE
Total area
23,858 SF
Lot
0.27 ac (11,623 SF)
Zoning code
SMC6*
APN
4276-020-005
UPID
US09-7378472
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
by Request
CAP Approach
CAP
$7.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.12M
Owner & transaction history
Walther Wilshire Building · 24 yrs held
Walther Wilshire Building
since 2001
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%
$8,050,000
6.5%
$7,435,000
7%
$6,900,000
Blend value · Realmo final
$6.12M
Range $5.50M – $6.73M · ±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
$256 / 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
$108,497
Tax year 2024
Assessed value
$9,140,658
Assessed 2024
Previous assessed
$9,140,658
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$4,108,944
Assessed improvement
$5,031,714
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
23,858 SF
Lot
0.27 ac (11,623 SF)
Zoning code
SMC6*
APN
4276-020-005
UPID
US09-7378472
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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Walther Wilshire Building
Individual
Mailing address
2530 WILSHIRE BLVD3RDFLR, SANTA MONICA, CA 90403-4659
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
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
Aug 29, 2001
—
Walther Wilshire Building
Walther,h W & J C
Quit Claim Deed
related
—
Mar 26, 1990
—
Walther Henry W
—
Grant Deed
related
$5,000,000 · Sa Bk
Sep 15, 1989
$877,591
Walther Henry W
Saugus Partners
Grant Deed
related
$250,000 · Saugus Partners
Mar 17, 1989
$2,250,000
Levine Joseph
Hm
Trustees Deed
$1,687,500 · Westside Bank
Jun 22, 1988
—
Sav Amer Hm
Pac
Quit Claim Deed
related
—
—
—
Henry W Walther
—
Deed Of Trust
related
$800,000 · Santa Monica Bank
—
—
Walther Wilshire Building INC
—
Deed Of Trust
related
$4,500,000 · Grand Pacific Financing Corp
—
—
Walther Wilshire Building INC
—
Deed Of Trust
related
$5,200,000 · Miscellaneous Ins Co
—
—
Walther Wilshire Building INC
—
Deed Of Trust
related
$5,550,000 · Guardian Life Insurance Co
—
—
Henry W Walther
—
Deed Of Trust
related
$3,800,000 · Santa Monica 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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