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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Investment properties
2918 Santa Monica Blvd Santa Monica, CA 90404-2437
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7886326
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1965
Construction
WOOD
Total area
5,760 SF
Lot
0.65 ac (28,335 SF)
Zoning code
SMC4*
APN
4267-018-034
UPID
US09-7886326
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
-
Emperor Enterprises Big Box & Wholesale Store
-
LAPropertyMgmt Property Management Company
-
ACTION Apartment Association Real Estate Agency
-
Aphrodite Treatment Center Santa Monica Counselor Addiction Treatment Center
-
Words of Wonder Hypnotherapy Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Yale West LLC · 8 yrs held
Yale West LLC
since 2018
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,945,000
6.5%
$1,795,000
7%
$1,665,000
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±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
$287 / 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
$34,107
Tax year 2024
Assessed value
$2,678,042
Assessed 2024
Previous assessed
$2,678,042
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$2,572,920
Assessed improvement
$105,122
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
1965
Construction
WOOD
Heating
NONE
Total area
5,760 SF
Lot
0.65 ac (28,335 SF)
Zoning code
SMC4*
APN
4267-018-034
UPID
US09-7886326
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.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
NONE
Lot
0.65 ac
Current owner
From public records · entity-resolved
Yale West LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2802 SANTA MONICA BLVD, SANTA MONICA, CA 90404-2410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2018
—
Yale West LLC
Markevicius A & V Trust
Quit Claim Deed
related
—
Jun 9, 2008
—
Markevicius Albinas & V Trust
Markevicius,albinas & Vita
Quit Claim Deed
related
—
Aug 13, 2001
$220,000
Albinas Markevicius
Aras Trust
Grant Deed
related
$200,000 · Aras Trust
Jan 9, 1992
$1,355,000
Albi Markevicius
Savitt Trust
Grant Deed
$900,000 · Seller
—
—
Albi Markevicius
—
Deed Of Trust
related
$100,000 · Individual
—
—
Albinas Markevicius
—
Deed Of Trust
related
$950,000 · Nelsas Family Trust
—
—
Markevicius,albinas & V Trust
—
Deed Of Trust
related
$500,000 · Judith A Kent
—
—
Albinas Markevicius
—
Deed Of Trust
related
$220,000 · Aras 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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