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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Office buildings
2803 Colorado Ave, Santa Monica, CA 90404-3613
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6416725
Property summary
AI-generated overview
This exceptional 10,337-square-foot retail space is available for lease at 2803 Colorado Avenue in the vibrant city of Santa Monica, California. Located in Los Angeles County, this single-tenant property boasts a complete renovation completed in 2021, presenting a move-in ready opportunity for a discerning tenant. The building's total square footage is 10,337 square feet, all of which is currently vacant, offering unparalleled flexibility for customization and design. Ample parking is available with 18 stalls, each leased separately at a monthly rate of $200. The property's prime location in Santa Monica offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. This is a rare opportunity to secure a fully renovated, spacious retail property in one of California's most desirable coastal cities. The property is classified as Commercial Retail and is situated in the 90404 zip code. The building's modern design and convenient amenities make it an attractive option for businesses seeking a high-profile location. This property is ready for immediate occupancy. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1941
Construction
WOOD
Total area
9,425 SF
Lot
0.33 ac (14,363 SF)
Zoning code
SMR2*
APN
4267-024-023
UPID
US09-6416725
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
-
Theragun Llc (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
$1.62M
Owner & transaction history
2803 Colorado LLC · 20 yrs held
2803 Colorado LLC
since 2006
7 recorded transactions
Zoning & alternative use
SMR2* · 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
$172 / 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
$79,014
Tax year 2024
Assessed value
$6,652,051
Assessed 2024
Previous assessed
$6,652,051
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$5,848,185
Assessed improvement
$803,866
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
9,425 SF
Lot
0.33 ac (14,363 SF)
Zoning code
SMR2*
APN
4267-024-023
UPID
US09-6416725
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR2* · Santa Monica, CA
Zoning SMR2* · permitted uses
SMR2* · 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
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
2803 Colorado LLC
Entity
Mailing address
11601 WILSHIRE BLVD STE #2180, LOS ANGELES, CA 90025-1757
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2019
—
2803 Colorado LLC
—
Deed
related
$5,550,000 · Citizens Busn Bk
Jan 25, 2018
—
2803 Colorado LLC
—
Grant Deed
related
$5,000,000 · Community Bk
Aug 8, 2017
—
2803 Colorado LLC
—
Grant Deed
related
$4,000,000 · Community Bk
Apr 21, 2006
$4,650,000
2803 Colorado LLC
Pyramid Ventures LLC
Grant Deed
—
Feb 10, 2004
—
Adams,tr
Adams,tr
Quit Claim Deed
related
—
Feb 10, 2004
$1,740,000
Pyramid Ventures LLC
Adams,tr
Grant Deed
—
Jun 5, 2001
—
David B Adams
Adams,d T & E B
Quit Claim Deed
related
—
Feb 9, 2001
—
David T Adams
Adams,d T & E B Trustees
Quit Claim Deed
related
—
Dec 28, 2000
—
Rhoellen R Adams
Adams,d T & E B
Quit Claim Deed
related
—
Oct 20, 1999
—
Rhoellen R Adams
Adams,d T & E B
Quit Claim Deed
related
—
Nov 26, 1997
—
Adams,david T & Ellen B Trustees
Adams,d T & E B
Quit Claim Deed
related
—
Feb 9, 1995
—
Ellen B Adams
Adams,d T & E B Trustees
Quit Claim Deed
related
—
—
—
Pyramid Ventures LLC
—
Deed Of Trust
related
$1,500,000 · Wells Fargo Bank
—
—
2803 Colorado LLC
—
Deed Of Trust
related
$5,550,000 · Citizens Busn Bk
—
—
Adams David T
—
Deed Of Trust
related
$600,000 · First Federal Savings & Loan
—
—
Inter Adams
—
Deed Of Trust
related
$100,000 · Mast Richard A&a
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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