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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Retail space
3102 Santa Monica Blvd Santa Monica, CA 90404-2508
Trust Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0309385
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
WOOD
Total area
3,686 SF
Lot
0.17 ac (7,287 SF)
Zoning code
SMC4*
APN
4267-016-001
UPID
US10-0309385
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
-
King's Liquors (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
Okhovat F & F 2007 Trust · 19 yrs held
Okhovat F & F 2007 Trust
since 2007
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%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$258 / 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
$13,597
Tax year 2024
Assessed value
$1,057,860
Assessed 2024
Previous assessed
$1,057,860
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$873,899
Assessed improvement
$183,961
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,686 SF
Lot
0.17 ac (7,287 SF)
Zoning code
SMC4*
APN
4267-016-001
UPID
US10-0309385
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
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Okhovat F & F 2007 Trust
Trust
Free & Clear · 19 yrs held
Mailing address
616 N PALM DR, BEVERLY HILLS, CA 90210-3415
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Jun 18, 2007
—
Okhovat F & F 2007 Trust
Okhovat,faramarz
Quit Claim Deed
related
—
May 31, 2007
—
Okhovat Farshad 2007 Trust
Okhovat,farshad
Quit Claim Deed
related
—
Aug 10, 1993
$100,000
Farshad Okhovat
—
Grant Deed
related
—
Jul 8, 1988
$290,000
Staats Robert F
Cherney Ben B An
Trustees Deed
—
Jul 8, 1988
—
Faramarz Okhovat
Okhovat Parvin D
Quit Claim Deed
related
$575,000 · Staats Robert F&
Jul 8, 1988
$575,000
Okhovat Farshad
Staats Robert F&
Trustees Deed
—
—
—
Farshad Okhovat
—
Deed Of Trust
related
$64,500 · Us Small Business Admn
—
—
Farshad Okhovat
—
Deed Of Trust
related
$1,000,000 · Standard Insurance Co
—
—
Farshad Okhovat
—
Deed Of Trust
related
$9,700 · Us Small Business Admn
—
—
Farshad Okhovat
—
Deed Of Trust
related
$2,400 · Us Small Business Admn
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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