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Property profile & analytics
OFF-MARKET
Estimated value
$5,010,000
Investment properties
2802 Pico Blvd Santa Monica, CA 90405-1968
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6993708
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2012
Construction
WOOD
Total area
32,699 SF
Lot
0.37 ac (16,241 SF)
Zoning code
SMC4-R2*
APN
4270-004-044
UPID
US09-6993708
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
-
The Magical Atelier & Boutique Art Studio Children'S Party Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$5.01M
Owner & transaction history
2802 Pico LP · 14 yrs held
2802 Pico LP
since 2011
5 recorded transactions
Zoning & alternative use
SMC4-R2* · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.01M
Range $4.51M – $5.51M · ±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
$153 / 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
$37,088
Tax year 2024
Assessed value
$25,127,178
Assessed 2024
Previous assessed
$25,127,178
+0.0% YoY
Effective rate
0.15%
On assessed value
Assessed land
$5,541,425
Assessed improvement
$19,585,753
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
4
Units
33
Bathrooms
45
Total area
32,699 SF
Lot
0.37 ac (16,241 SF)
Zoning code
SMC4-R2*
APN
4270-004-044
UPID
US09-6993708
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4-R2* · Santa Monica, CA
Zoning SMC4-R2* · permitted uses
SMC4-R2* · 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
2012
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
4
Units
33
Bathrooms
45
Lot
0.37 ac
Current owner
From public records · entity-resolved
2802 Pico LP
Entity
Mailing address
1423 2ND ST STE B, SANTA MONICA, CA 90401-3453
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2011
—
2802 Pico LP
—
Trustees Deed
related
—
Dec 2, 2011
—
2802 Pico LP
Community Corp Of Santa Monica
Grant Deed
$9,207,402 · City Of Santa Monica
Feb 18, 2009
—
Community Corporation Of Santa Moni
Cecil B Gay
Grant Deed
$5,595,897 · Redevelopment Agency Of The City Of
Jul 25, 1994
—
Gay Cecil B
—
Deed Of Trust
related
—
May 22, 1989
—
Fazlollah Noori
Seile
Quit Claim Deed
related
$480,000 · Gay Cecil B&joan
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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