Financial
Distress signals
Property profile

2615 2nd St Santa Monica, CA 90405

OFF-MARKET
Apartment buildings
Property ID
US09-6995778
4,696 SF 0.15 ac lot Built 1962
Last sale May 2024 · $3,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$57k
Tax billed · 2024
Assessed value$4.78M
Assessed land$4.21M
Assessed improvement$571k
Effective rate1.19%

Value estimate

· Sep 2026
$3.30M
$2.97M – $3.63M
AI approach$3.30M
Sales comparison$2.47M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$371/SF
ZIP average, outlier-cleaned · 98 recorded sales of this use type
Observed band · Q1–Q3$230 – $527
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
SMOP2*
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.8
Watch Repair Shop8.2
Kid Store7.7

Location

2615 2nd St Santa Monica, CA 90405-4124
County assessor Recorded deeds · 10 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2027 Euclid, Santa Monica, CA 90405-1542 $1,187,000 May 2025 5,616 SF
2401 20th, Santa Monica, CA 90405-2741 $675,000 May 2025 3,906 SF
443 Bay, Santa Monica, CA 90405-1128 $2,625,000 Mar 2025 5,532 SF
627 Grant, Santa Monica, CA 90405-1292 $1,900,000 Sep 2024 5,453 SF
2403 Centinela, Santa Monica, CA 90405-2161 $3,600,000 Jul 2024 5,337 SF
1502 Maple, Santa Monica, CA 90405-2633 $3,155,000 Jun 2024 4,718 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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