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Property profile & analytics
OFF-MARKET
Estimated value
$13,505,000
High-rise multifamily apartments
2700 Neilson Way Santa Monica, CA 90405-4011
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6995755
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1966
Construction
CONCRETE
Total area
532,416 SF
Lot
4.96 ac (215,986 SF)
Zoning code
SMOP4*
APN
4288-020-036
UPID
US09-6995755
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
-
Walton Christopher Law Firm
-
Advanced Athletics, Inc. Gym & Fitness Center
-
The Shores Santa Monica Apartments at the Beach Apartment Building Apartment Complex
-
No Sweat Computer Consultants Computer & Electronic Repair
-
Marina Del Rey Boat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.51M
Owner & transaction history
De Shores LLC
De Shores LLC
since 2025
7 recorded transactions
Zoning & alternative use
SMOP4* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$25 / 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
$1,640,800
Tax year 2024
Assessed value
$137,874,352
Assessed 2024
Previous assessed
$137,874,352
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$82,997,655
Assessed improvement
$54,876,697
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Buildings
3
Units
532
Total area
532,416 SF
Lot
4.96 ac (215,986 SF)
Zoning code
SMOP4*
APN
4288-020-036
UPID
US09-6995755
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMOP4* · Santa Monica, CA
Zoning SMOP4* · permitted uses
SMOP4* · 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
1966
Construction
CONCRETE
Heating
NONE
Buildings
3
Units
532
Lot
4.96 ac
Current owner
From public records · entity-resolved
De Shores LLC
Entity
Mailing address
1299 OCEAN AVE STE #1000, SANTA MONICA, CA 90401-1063
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
De Shores LLC
Douglas Emmett Realty Fund 1998 LLC
Grant Deed
$270,855,000 · Walker & Dunlop LLC
Jun 1, 2017
—
Shores Barrington LLC
—
Grant Deed
related
$338,000,000 · Walker & Dunlop
Nov 2, 2010
—
Barrington Pacific LLC
—
Deed Of Trust
related
$153,630,000 · Cwcapital LLC
Jan 4, 2005
—
Shores Barrington LLC
Douglas Emmett Realty Fund 199
Grant Deed
—
May 14, 1999
$950,000
Douglas Emmett Realty Fund 1998
—
Grant Deed
related
—
May 14, 1999
—
Douglas Emmett Reality Fund
—
Deed Of Trust
related
$150,000,000 · Dresdner Bank Ag Trustee
May 12, 1999
—
Santa Monica Shores
—
Deed Of Trust
related
$1,970,927 · Standard Insurance Co
Jan 1, 1970
—
—
—
Grant Deed
related
—
—
—
Santa Monica Shores
—
Deed Of Trust
related
$2,500 · Bank Of America
—
—
Douglas Emmett Realty Fund 98
—
Deed Of Trust
related
$63,000,000 · Berkshire Mortgage Finance Co
—
—
Shores Santa Monica
—
Deed Of Trust
related
$2,000,000 · Bank Of America
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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