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Property profile & analytics
OFF-MARKET
Estimated value
$47,225,000
Office buildings
2825 Santa Monica Blvd, Santa Monica, CA 90404-2429
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9518572
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1983
Construction
WOOD
Total area
48,915 SF
Lot
0.6 ac (26,039 SF)
Zoning code
SMC4*
APN
4267-010-042
UPID
US09-9518572
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
-
Santa Monica Dentistry for Children Dental Office
-
Peter Pham, DDS Dental Office
-
Santa Monica Orthodontist - Elana Y. Norman, DDS, MS, PC Dental Office
-
Orthodontic Center of Santa Monica - Gregg A. Tartakow, D.M.D. Dental Office
-
Sum-Yee Wang, MA., MFT Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.23M
Owner & transaction history
Hsre Santa Monica Mob LLC · 4 yrs held
Hsre Santa Monica Mob LLC
since 2022
Last sale
$58.6M
7 recorded transactions
Zoning & alternative use
SMC4* · 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
$54,400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$58,850,000
Current use
INDUSTRIAL (GENERAL)
$57,705,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$51,600,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$47.23M
Range $42.50M – $51.95M · ±10% · vs last sale $58.55M (May 3 2022)
Last sale anchor
$58.55M
May 3 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
$965 / 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
$708,078
Tax year 2024
Assessed value
$60,915,420
Assessed 2024
Previous assessed
$60,915,420
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$29,703,420
Assessed improvement
$31,212,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
NONE
Stories
1
Total area
48,915 SF
Lot
0.6 ac (26,039 SF)
Zoning code
SMC4*
APN
4267-010-042
UPID
US09-9518572
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CA
Zoning SMC4* · permitted uses
SMC4* · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$58.9M
INDUSTRIAL (GENERAL)
Est. value
$57.7M
RETAIL STORES
Est. value
$51.6M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Hsre Santa Monica Mob LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$58,550,000
Hsre Santa Monica Mob LLC
2825 Santa Monica LP
Grant Deed
—
Oct 28, 2015
$38,500,000
2825 Santa Monica LP
Al 2825 Santa Monica LLC
Grant Deed
$22,304,536 · Mufg Union Bank NA
May 29, 2013
$27,500,000
Al 2825 Santa Monica LLC
2825 Santa Monica Blvd LLC
Grant Deed
—
Jun 1, 2007
$23,064,000
2825 Santa Monica Blvd LLC
Amcyte INC
Grant Deed
$19,810,000 · General Electric Capital Corp
Aug 1, 2003
—
Mylan Laboratories INC
Mylan Laboratories INC
Quit Claim Deed
related
—
Apr 10, 2001
—
Mylan Laboratories INC
Mylan Pharmaceuticals INC
Quit Claim Deed
related
—
Oct 6, 1999
$12,000,000
Mylan Pharmaceuticals INC
—
Grant Deed
related
—
Feb 6, 1996
—
Vivorx INC
Mdfc Loan Corp
Grant Deed
related
—
Sep 17, 1992
$8,000,000
Mdfc Loan Corp
2825,santa Monic
Trustees Deed
related
—
Jul 7, 1992
—
2825 Santa Monica Assoc
—
Deed Of Trust
related
—
Apr 20, 1992
—
Capfin Corp
—
Deed Of Trust
related
—
—
—
Amcyte INC
—
Deed Of Trust
related
$5,000,000 · Preferred Bank
—
—
2825 Santa Monica LLC
—
Deed Of Trust
related
—
—
—
2825 Santa Monica Blvd LLC
—
Deed Of Trust
related
$10,000,000 · California Bank & Trust
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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