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Property profile & analytics
OFF-MARKET
Parking lots & garages
501 Wilshire Blvd Santa Monica, CA 90401-1403
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9190390
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2021
Total area
7,000 SF
Lot
0.17 ac (7,499 SF)
Zoning code
SMR2A*
APN
4292-012-015
UPID
US09-9190390
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
-
Allison & Partners Marketing & Advertising Advertising Agency
-
Shake Shack Santa Monica Restaurant
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
Isaacs Realty LLC · 21 yrs held
Isaacs Realty LLC
since 2005
5 recorded transactions
Zoning & alternative use
SMR2A* · 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
$42,430
Tax year 2024
Assessed value
$3,416,461
Assessed 2024
Previous assessed
$3,416,461
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$3,416,461
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2021
Heating
NONE
Total area
7,000 SF
Lot
0.17 ac (7,499 SF)
Zoning code
SMR2A*
APN
4292-012-015
UPID
US09-9190390
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR2A* · Santa Monica, CAZoning SMR2A* · permitted uses
SMR2A* · 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
2021
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Isaacs Realty LLC
Entity
Mailing address
218 S BEDFORD DR, BEVERLY HILLS, CA 90212-3723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Apr 27, 2005
$5,000,000
Isaacs Realty LLC
Charleston 860 LLC
Grant Deed
$1,450,000 · Union Bank Of California
Apr 2, 2003
—
Stephen H Swire
Swire,jacqueline N
Quit Claim Deed
related
—
Jan 6, 2003
—
Charleston 860 LLC
Gresham Main LLC
Grant Deed
related
—
Nov 5, 2002
$2,350,000
Gresham Main LLC
Davidson,tr
Grant Deed
—
—
—
Manna La LLC
—
Deed Of Trust
related
$44,281,082 · Wells Fargo 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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