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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Investment properties
2801 Ocean Park Blvd Santa Monica, CA 90405-2905
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6991197
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1941
Construction
TILT-UP CONCRETE
Total area
3,409 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SMC2*
APN
4270-015-064
UPID
US09-6991197
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
-
Paul's Welding General Contractor
-
LA Tri Club Gym & Fitness Center Sports Field & Court
-
Covered California Certified Agent Insurance Agency
-
Toni Patillo & Associates Real Estate Agency
-
NMC NATIONAL MAILBOX CENTER Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
Somma Properties LLC · 4 yrs held
Somma Properties LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
SMC2* · 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
$1,525,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
$1,150,000
6.5%
$1,060,000
7%
$985,000
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±10% · vs last sale $1.50M (Apr 14 2022)
Last sale anchor
$1.50M
Apr 14 2022
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
$441 / 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
$22,225
Tax year 2024
Assessed value
$1,806,823
Assessed 2024
Previous assessed
$1,806,823
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,505,689
Assessed improvement
$301,134
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
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
3,409 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SMC2*
APN
4270-015-064
UPID
US09-6991197
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC2* · Santa Monica, CA
Zoning SMC2* · permitted uses
SMC2* · 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
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Somma Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7423 COASTAL VW DR, LOS ANGELES, CA 90045-1272
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 14, 2022
—
Somma Properties LLC
Roberto Somma
Intrafamily Transfer
related
—
Feb 3, 2014
$375,000
Somma,giovanna & Roberto Trust
Somma Gina & Vito Trust
Grant Deed
related
—
Sep 12, 2013
—
Somma,giovanna & Roberto Trust
Somma Giovanna & R Trust
Quit Claim Deed
related
$1,125,000 · First Foundation Bank
May 31, 2013
$1,500,000
Somma,giovanna & Roberto Trust
Toppel Family Trust
Grant Deed
—
Aug 28, 2006
—
Toppel Family Trust
Toppel,kurt G & Haldis R
Quit Claim Deed
related
—
Dec 21, 2001
—
Kurt G Toppel
Toppel,h R
Quit Claim Deed
related
—
—
—
Kurt G Toppel
—
Deed Of Trust
related
$150,000 · Encino State 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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