Financial
Distress signals
Property profile

3003 Pennsylvania Ave Santa Monica, CA 90404

FOR LEASE
Manufacturing properties
Property ID
US10-0318035
5,605 SF 0.16 ac lot Built 1956
Last sale May 1993 · $725,000
Trust Owned Owner of record is a trust. 11-yr Hold Held for 11 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

This exceptional 5,600-square-foot office space at 3003 Pennsylvania Avenue in Santa Monica, California, presents a unique opportunity for a single tenant. Located in the desirable Santa Monica submarket, this Class B building offers a blend of executive and creative office space, perfect for a company seeking a prestigious address. Built in 1956 and extensively renovated in 2012, the property boasts modern amenities within a classic structure. The entire 5,600 square feet is currently

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$16k
Tax billed · 2024
Assessed value$1.23M
Assessed land$603k
Assessed improvement$629k
Effective rate1.27%

Value estimate

· Sep 2026
$490k
$441k – $539k
NOI build-up
Gross scheduled income$215k
Vacancy & credit loss−$52k
Operating expenses−$41k
NOI · 3,099,037.97% cap applied$122k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,180/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$678 – $1,857
Qualifying comparables7

Cap rate analysis

How does the asset earn?
3,099,037.97%
$122k 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?
SMLMSD*
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat9.3
Shoe Repair9.2
Barber Shop8.8

Location

3003 Pennsylvania Ave Santa Monica, CA 90404
County assessor Recorded deeds · 5 transfers 7 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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