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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Office buildings
401 Wilshire Blvd, Santa Monica, CA 90401-1416
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7001253
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1981
Construction
STEEL FRAME
Total area
216,456 SF
Lot
1.55 ac (67,482 SF)
Zoning code
SMR3A-C3-R
APN
4292-013-029
UPID
US09-7001253
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
-
Santa Monica Video to DVD & Film to DVD Film Production Television Studio
-
Condor Building Solutions Group LLC Construction Company General Contractor
-
The Gillespie Law Firm Inc. Law Firm Child Welfare Organization
-
Bransky Law Group Law Firm Child Welfare Organization
-
Berke Family Mediation Mediation Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.94M
Owner & transaction history
401 Sm LLC · 3 yrs held
401 Sm LLC
since 2023
5 recorded transactions
Zoning & alternative use
SMR3A-C3-R · 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
$14 / 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
$846,889
Tax year 2024
Assessed value
$62,314,776
Assessed 2024
Previous assessed
$62,314,776
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$21,987,698
Assessed improvement
$40,327,078
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
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Total area
216,456 SF
Lot
1.55 ac (67,482 SF)
Zoning code
SMR3A-C3-R
APN
4292-013-029
UPID
US09-7001253
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR3A-C3-R · Santa Monica, CA
Zoning SMR3A-C3-R · permitted uses
SMR3A-C3-R · 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
1981
Construction
STEEL FRAME
Heating
NONE
Lot
1.55 ac
Current owner
From public records · entity-resolved
401 Sm LLC
Entity
Mailing address
1299 OCEAN AVE STE #1000, SANTA MONICA, CA 90401-1063
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
—
401 Sm LLC
Douglas Emmett Properties LP
Grant Deed
—
Feb 24, 2011
—
Douglas Emmett 1995 LLC
—
Deed Of Trust
related
$350,000,000 · Massachusetts Mutual Life Ins
Jul 1, 2004
—
Douglas Emmett 1995 LLC
Douglas Emmett Realty Fund 95
Quit Claim Deed
related
—
Jun 13, 1996
—
Douglas Emmett Realty Fund 95
Prudential Insurance Of Americ
Grant Deed
related
—
—
—
Douglas Emmett Realty Fund
—
Deed Of Trust
related
$98,460,000 · New York State Teachers' Retir
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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