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Property profile & analytics
FOR LEASE
Office buildings
301 Arizona Ave, Santa Monica, CA 90401
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6994307
For Lease
1 / 9
$129-$37,201/Mo
301 Arizona Ave, Santa Monica, CA 90401
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1991
Construction
STEEL FRAME
Total area
24,560 SF
Lot
0.17 ac (7,505 SF)
Zoning code
SMBSC1*
APN
4291-003-009
UPID
US09-6994307
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
-
Distillery (Bike/Boat/Book/etc) Store Corporate Office
-
Heat Relief Heating and Cooling Hardware & Home Improvement HVAC Service
-
Newhart Orthodontics Dental Office
-
Dr. Scott Newhart Dental Office
-
Lemonade Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.25M
Owner & transaction history
United Xyz LLC · 2 yrs held
United Xyz LLC
since 2024
Last sale
$22.3M
7 recorded transactions
Zoning & alternative use
SMBSC1* · 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
$22,250,000
ML approach
$22,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.25M
Range $20.03M – $24.48M · ±10% · vs last sale $22.25M (Jun 6 2024)
Last sale anchor
$22.25M
Jun 6 2024
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
$906 / 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
$122,764
Tax year 2024
Assessed value
$8,462,924
Assessed 2024
Previous assessed
$8,462,924
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$2,554,836
Assessed improvement
$5,908,088
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
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
24,560 SF
Lot
0.17 ac (7,505 SF)
Zoning code
SMBSC1*
APN
4291-003-009
UPID
US09-6994307
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBSC1* · Santa Monica, CA
Zoning SMBSC1* · permitted uses
SMBSC1* · 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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
United Xyz LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2800 OLYMPIC BLVD, SANTA MONICA, CA 90404-4101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2024
$22,250,000
United Xyz LLC
Street Retail West I LP
Grant Deed
—
Dec 31, 1996
—
Street Retail West I LP
301 Arizona Avenue Santa Monic
Grant Deed
related
—
Oct 2, 1995
$300,000
301 Arizona Avenue Santa Monic
Miko,eva
Grant Deed
related
—
Jun 2, 1994
—
Joseph L Miko
Miko,j L&m M Co-
Quit Claim Deed
related
—
Nov 22, 1993
—
Miko,eva Trustee
Miko,e
Quit Claim Deed
related
—
Feb 10, 1993
—
Miko Eva Joseph L
—
Deed Of Trust
related
—
Oct 27, 1989
—
Eva Miko
Miko Joseph And
Quit Claim Deed
related
$1,330,000 · Santa Monica Bank
—
—
Miko Trust
—
Deed Of Trust
related
$48,900 · Us Small Business Admn
—
—
Joseph L Miko
—
Deed Of Trust
related
$700,000 · Santa Monica Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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