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Property profile & analytics
FOR LEASE
Investment properties
2665 Main St Santa Monica, CA 90405
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7886881
For Lease
1 / 10
$8,820,000
2665 Main St, Santa Monica, CA 90405
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1979
Construction
TILT-UP CONCRETE
Total area
11,475 SF
Lot
0.29 ac (12,499 SF)
Zoning code
SMCM2*
APN
4288-002-044
UPID
US09-7886881
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
-
James S. Bell, PC Law Firm
-
Startled Marmot LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Schwimer Weinstein LLP Law Firm
-
Helm Content Film Production
-
Nonfiction Unlimited Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.74M
Blend (final)
Blend
$8.82M
Owner & transaction history
2665 Main St LLC · 1 yrs held
2665 Main St LLC
since 2024
Last sale
$8.8M
3 recorded transactions
Zoning & alternative use
SMCM2* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.8M
+58.1%
Industrial (general)
$13.5M
+55.0%
Retail stores
$9.6M
+9.8%
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
$8,820,000
ML approach
$8,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,730,000
Current use
OFFICE BUILDING
$13,805,000
Change: +58% · Conversion: Easy
INDUSTRIAL (GENERAL)
$13,535,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$9,590,000
Change: +10% · Conversion: Easy
RESTAURANT
$7,470,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$8.82M
Range $7.94M – $9.70M · ±10% · vs last sale $8.82M (Sep 25 2024)
Last sale anchor
$8.82M
Sep 25 2024
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
$769 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$33,059
Tax year 2023
Assessed value
$2,645,739
Assessed 2024
Previous assessed
$2,593,862
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,321,011
Assessed improvement
$1,324,728
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
For Lease
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
11,475 SF
Lot
0.29 ac (12,499 SF)
Zoning code
SMCM2*
APN
4288-002-044
UPID
US09-7886881
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMCM2* · Santa Monica, CA
Zoning SMCM2* · permitted uses
SMCM2* · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.7M
OFFICE BUILDING
Est. value
$13.8M
INDUSTRIAL (GENERAL)
Est. value
$13.5M
RETAIL STORES
Est. value
$9.6M
RESTAURANT
Est. value
$7.5M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
2665 Main St LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11601 WILSHIRE BLVD STE #1200, LOS ANGELES, CA 90025-1748
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
$8,820,000
2665 Main St LLC
Helen H Price
Grant Deed
—
Sep 6, 2019
—
Mcdonald Craig A JR Exempt Trust
Mcdonald C A Children Trust
Quit Claim Deed
related
—
Jul 25, 2017
—
Mcdonald,craig A Family Trust
Mcdonald Craig A Trust
Quit Claim Deed
related
—
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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