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Property profile & analytics
FOR LEASE
Office buildings
501 Broadway, Santa Monica, CA 90401
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0302169
For Lease
$19,060,000
501 Broadway, Santa Monica, CA 90401
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
TILT-UP CONCRETE
Total area
8,294 SF
Lot
0.34 ac (15,007 SF)
Zoning code
SMC3C*
APN
4291-019-027
UPID
US10-0302169
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.06M
Owner & transaction history
501 Broadway Owner LLC · 4 yrs held
501 Broadway Owner LLC
since 2022
Last sale
$23.3M
7 recorded transactions
Zoning & alternative use
SMC3C* · 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
$23,460,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.06M
Range $17.15M – $20.97M · ±10% · vs last sale $23.31M (Jan 4 2022)
Last sale anchor
$23.31M
Jan 4 2022
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
$2,298 / 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
$172,529
Tax year 2024
Assessed value
$14,442,022
Assessed 2024
Previous assessed
$14,442,022
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$14,440,416
Assessed improvement
$1,606
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
Status
For Lease
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
8,294 SF
Lot
0.34 ac (15,007 SF)
Zoning code
SMC3C*
APN
4291-019-027
UPID
US10-0302169
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3C* · Santa Monica, CA
Zoning SMC3C* · permitted uses
SMC3C* · 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
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
501 Broadway Owner LLC
Entity
Mailing address
2120 COLORADO AVE STE #230, SANTA MONICA, CA 90404-3768
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
—
711 Colorado Ave Owner LLC
—
Deed
related
$228,000,000 · Husky Finco LLC
Jan 4, 2022
$23,313,500
501 Broadway Owner LLC
Wsc 501 Broadway LLC
Grant Deed
—
Mar 5, 2020
—
Wsc 1318 Lincoln Blvd LLC
—
Deed
related
$105,000,000 · Mrc Ca Lender LLC
Sep 20, 2019
—
Wsc 501 Broadway LLC
—
Deed
related
$18,000,000 · Hankey Cap
Sep 13, 2019
$13,469,500
Wsc 501 Broadway LLC
Broadway Nms LLC
Grant Deed
$12,733,000 · Hankey Cap
Jul 18, 2018
—
Broadway Nms LLC
—
Deed
related
$1,000,000 · Miscellaneous Ins Co
Jul 20, 2017
—
501 Broadway Nms LLC
—
Deed
related
$7,950,000 · Mechanics Bank
Sep 24, 2012
$9,000,090
501 Broadway Nms LLC
Diana Alice Wright
Grant Deed
$6,300,000 · Berkadia Commercial Mortgage LLC
Jun 13, 2012
—
Gary Munstein
Munstein,susan E
Quit Claim Deed
related
—
Nov 17, 2011
—
Mulligan Judy A Living Trust
Mulligan,judy
Quit Claim Deed
related
—
Nov 9, 2011
—
Judy Mulligan
Munstein C A & E E Trust
Grant Deed
related
—
Jan 31, 2007
—
Munstein Charles A & E E Trust
Munstein C A & E E Trust
Quit Claim Deed
related
—
Feb 8, 2005
—
Munstein Charles A Tr
Munstein,elizabeth E
Quit Claim Deed
related
—
Apr 30, 1999
—
Diana A Etal Wright
—
Deed Of Trust
related
—
May 23, 1995
—
Cohen,seymour A & Helen Trustees
Cohen,s A & H Trustees
Quit Claim Deed
related
—
—
—
Broadway Nms LLC
—
Deed Of Trust
related
$1,000,000 · Miscellaneous Ins Co
—
—
Wsc 1318 Lincoln Blvd LLC
—
Deed Of Trust
related
$105,000,000 · Mrc Ca Lender LLC
—
—
Wsc 501 Broadway LLC
—
Loan Modification
related
$18,000,000 · Hankey Cap
—
—
501 Broadway Nms LLC
—
Deed Of Trust
related
$7,500,000 · Bbcn 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.
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