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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Auto shops
2929 Pico Blvd Santa Monica, CA 90405-2001
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0312088
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1959
Total area
1,224 SF
Lot
0.35 ac (15,226 SF)
Zoning code
SMC4*
APN
4274-032-025
UPID
US10-0312088
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
-
Ami Kurzweil Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$970k
Owner & transaction history
Reddhill LLC · 10 yrs held
Reddhill LLC
since 2016
7 recorded transactions
Zoning & alternative use
SMC4* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+160.1%
Retail stores
$1.0M
+80.7%
Commercial (general)
$930,000
+64.5%
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
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,475,000
Change: +160% · Conversion: Difficult
RETAIL STORES
$1,025,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: +65% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$792 / 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
$73,994
Tax year 2024
Assessed value
$6,249,751
Assessed 2024
Previous assessed
$6,249,751
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$6,243,950
Assessed improvement
$5,801
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Total area
1,224 SF
Lot
0.35 ac (15,226 SF)
Zoning code
SMC4*
APN
4274-032-025
UPID
US10-0312088
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1959
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Reddhill LLC
Entity
Mailing address
12301 WILSHIRE BLVD STE #403, LOS ANGELES, CA 90025-1021
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2016
$5,385,000
Reddhill LLC
Schwartz Living Trust
Grant Deed
—
Jun 14, 2012
—
Nms Properties INC
Schwartz Living Trust
Grant Deed
—
Jul 6, 2011
—
Schwartz Living Trust
Schwartz,david
Quit Claim Deed
related
—
Oct 1, 2003
—
David Schwartz
Schwartz,eva
Quit Claim Deed
related
—
—
—
David S Schwartz
—
Deed Of Trust
related
$200,000 · Individual
—
—
David S Schwartz
—
Deed Of Trust
related
$149,275 · Embarcadero Bank
—
—
Schwartz Living Trust
—
Loan Modification
related
—
—
—
David S Schwartz
—
Deed Of Trust
related
$400,000 · Stan Lee
—
—
David S Schwartz
—
Deed Of Trust
related
$200,000 · Stan Lee
Nov 20, 1959
—
—
—
Grant Deed
related
—
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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