Realmo Analytics

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Property profile

2803 Main St Santa Monica, CA 90405

FOR SALE
Retail space
Property ID
US10-0308877
1,928 SF 0.11 ac lot Built 1993
Last sale Jul 2024 · $2,525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

2803 Main Street is a commercial property located in Ocean Park, Santa Monica, positioned along Main Street near the beach and close to Rose Avenue and Abbot Kinney Boulevard, with frontage on a pedestrian-oriented, high-traffic corridor. The site includes a 0.1143-acre lot. The property’s leasable area is 1,920 square feet and is governed by a Ready-To-Issue (RTI) renovation permit that allows for a second-floor addition, increasing the leasable area to 3,363 square feet. The configuration…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$32k
Tax billed · 2024
Assessed value$2.69M
Assessed land$2.47M
Assessed improvement$217k
Effective rate1.20%

Value estimate

· Oct 2026
$2.53M
$2.27M – $2.78M
AI approach$2.53M
Submarket $/SF estimate$2.53M
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$4k
Operating expenses−$18k
NOI · 1.58% cap applied$43k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$836/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$375 – $1,310
Qualifying comparables13

Cap rate analysis

How does the asset earn?
1.58%
$43k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
SMCM2*
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher8.8
Assisted Living Facility7.8
Chinese Restaurant7.7

Location

2803 Main St Santa Monica, CA 90405
County assessor Recorded deeds · 7 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2926 Main, Santa Monica, CA 90405-5340 $1,900,000 Jul 2025 1,700 SF
2636 Lincoln, Santa Monica, CA 90405-4620 $1,615,000 Apr 2025 1,842 SF
2403 Main, Santa Monica, CA 90405-3515 $763,181 Dec 2023 2,500 SF
2929 Main, Santa Monica, CA 90405-5315 $3,425,034 Oct 2022 2,067 SF
2914 Main, Santa Monica, CA 90405-5316 $2,135,000 Aug 2019 1,525 SF
3213 Pico, Santa Monica, CA 90405-2113 $1,332,000 Apr 2019 1,525 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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