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Property profile & analytics
OFF-MARKET
Retail space
3215 Pico Blvd Santa Monica, CA 90405-2113
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6711423
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
TILT-UP CONCRETE
Total area
1,488 SF
Lot
0.06 ac (2,501 SF)
Zoning code
SMC2*
APN
4274-034-015
UPID
US09-6711423
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
-
Sofia Kaman Fine Jewels (Bike/Boat/Book/etc) Store
-
Church of Type Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sgg Properties LLC · 8 yrs held
Sgg Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
SMC2* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,984
Tax year 2024
Assessed value
$1,748,014
Assessed 2024
Previous assessed
$1,748,014
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,441,247
Assessed improvement
$306,767
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
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
1,488 SF
Lot
0.06 ac (2,501 SF)
Zoning code
SMC2*
APN
4274-034-015
UPID
US09-6711423
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC2* · Santa Monica, CAZoning SMC2* · permitted uses
SMC2* · 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
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Sgg Properties LLC
Entity
Mailing address
2963 VIRGINIA AVE, SANTA MONICA, CA 90404-5031
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2018
—
Sgg Properties LLC
—
Deed
related
$850,000 · Morgan Stanley Bk
May 23, 2018
$1,567,000
Sgg Properties LLC
Jill Adams
Grant Deed
$850,000 · Morgan Stanley Bank NA
Apr 6, 2016
—
Adams,jill Separate Trust
Adams,jill
Quit Claim Deed
related
—
Jan 21, 2016
—
Jill Adams
Adams,clark G JR
Affidavit Of Death
related
—
Aug 23, 2007
—
Behrooz Faridian
Faridian,jaleh
Quit Claim Deed
related
—
Aug 23, 2007
$1,250,000
Clark G Adams JR
Behrooz Faridian
Grant Deed
$750,000 · Wells Fargo Bank NA
Feb 27, 2002
—
Warren,tana M Tr
Warren,t M
Quit Claim Deed
related
—
Sep 14, 1999
$337,590
Tana M Warren
Marsh Management
Grant Deed
$250,000 · Wells Fargo Bank
Feb 22, 1993
$99,636
Marsh Management
Marpet,richard A
Trustees Deed
—
Dec 31, 1992
$208,000
Marsh Management
Marpet,richard A
Grant Deed
related
$207,956 · Seller
Apr 21, 1989
$615,000
Marpet Richard A
Windsor Exchange
Trustees Deed
—
—
—
Marsh Management
—
Deed Of Trust
related
$99,543 · Individual
—
—
Marsh Management
—
Deed Of Trust
related
$207,956 · Individual
—
—
Sgg Properties LLC
—
Deed Of Trust
related
$606,000 · Cdc Small Busn Fin
—
—
Sgg Properties LLC
—
Deed Of Trust
related
$850,000 · Morgan Stanley Bk
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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