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Property profile & analytics
OFF-MARKET
Estimated value
$5,395,000
Investment properties
507 Wilshire Blvd Santa Monica, CA 90401-1477
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6569908
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2009
Construction
WOOD
Total area
41,488 SF
Lot
0.34 ac (15,009 SF)
Zoning code
SMC3*
APN
4292-012-025
UPID
US09-6569908
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
-
Praxxis Development Construction Company General Contractor
-
Select Physical Therapy - Santa Monica Medical Clinic
-
Alpha Chimney Sweepers General Contractor Renovation Specialist
-
Tocaya Modern Mexican 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
$5.40M
Owner & transaction history
Vrs Arrezo Apartments LLC · 15 yrs held
Vrs Arrezo Apartments LLC
since 2010
7 recorded transactions
Zoning & alternative use
SMC3* · 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
$130 / 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
$316,100
Tax year 2024
Assessed value
$26,332,392
Assessed 2024
Previous assessed
$26,332,392
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$8,949,405
Assessed improvement
$17,382,987
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
5
Units
50
Bathrooms
75
Total area
41,488 SF
Lot
0.34 ac (15,009 SF)
Zoning code
SMC3*
APN
4292-012-025
UPID
US09-6569908
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3* · Santa Monica, CA
Zoning SMC3* · permitted uses
SMC3* · 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
2009
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
5
Units
50
Bathrooms
75
Lot
0.34 ac
Current owner
From public records · entity-resolved
Vrs Arrezo Apartments LLC
Entity
Free & Clear · 15 yrs held
Mailing address
7 GIRALDA FARMS, MADISON, NJ 07940-1051
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2010
$20,764,000
Vrs Arrezo Apartments LLC
Atc Realty Sixteen INC
Grant Deed
—
Mar 3, 2010
$19,450,000
Atc Realty Sixteen INC
Chicago Title Co
Trustees Deed
related
—
Feb 22, 2006
—
Jsm Arrezo LLC
Pru/jsm Arrezo LLC
Grant Deed
$21,785,000 · Wells Fargo Bank NA
Mar 15, 2005
$4,445,000
Pru/jsm Arrezo LLC
Ronald B Siegel
Grant Deed
$6,650,141 · Wells Fargo Bank NA
Jul 16, 2004
—
Siegel,tr
Siegel,ronald B
Quit Claim Deed
related
—
May 1, 2003
$3,500,000
Ronald B Siegel
Hirth,tr
Grant Deed
$1,000,000 · California Federal Bank
Jan 7, 1993
—
Hirth,barbara W Tr
—
Deed Of Trust
related
—
—
—
Barbara W Hirt
—
Deed Of Trust
related
$179,600 · Us Small Business Admn
—
—
Hirth Trust
—
Deed Of Trust
related
$179,600 · 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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