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Property profile & analytics
OFF-MARKET
Estimated value
$15,745,000
Investment properties
606 Broadway Santa Monica, CA 90401-2473
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6368864
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2005
Construction
WOOD
Total area
51,759 SF
Lot
0.34 ac (15,003 SF)
Zoning code
SMC3*
APN
4291-023-021
UPID
US09-6368864
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
-
Crimson Restaurant
-
Ocean Room Hotel & Motel Bed & Breakfast
-
Tu Madre Restaurant
-
The Hive Superfood Eats & Organic Cafe - Santa Monica Cafe & Coffee Shop
-
Santa Monica Garage Door Repairs Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.75M
Owner & transaction history
Pr Sm Positano LLC · 16 yrs held
Pr Sm Positano LLC
since 2009
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,470,000
6.5%
$16,125,000
7%
$14,975,000
Blend value · Realmo final
$15.75M
Range $14.17M – $17.32M · ±10%
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
$304 / 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
$317,508
Tax year 2024
Assessed value
$26,145,230
Assessed 2024
Previous assessed
$26,145,230
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$7,593,087
Assessed improvement
$18,552,143
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
2005
Construction
WOOD
Heating
NONE
Cooling
OTHER
Units
50
Bathrooms
69
Total area
51,759 SF
Lot
0.34 ac (15,003 SF)
Zoning code
SMC3*
APN
4291-023-021
UPID
US09-6368864
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
2005
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
50
Bathrooms
69
Lot
0.34 ac
Current owner
From public records · entity-resolved
Pr Sm Positano LLC
Entity
Free & Clear · 16 yrs held
Mailing address
101 CALIFORNIA ST FL #40, SAN FRANCISCO, CA 94111-6127
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Sep 24, 2009
$8,000,000
Pr Sm Positano LLC
First American Title Ins
Trustees Deed
related
—
Sep 8, 2009
—
Pr Sm Positano LLC
Jsm Positano LLC
Deed In Lieu Of Foreclosure
related
—
May 12, 2003
—
Jsm Positano LLC
Jsm Amalfi LLC
Quit Claim Deed
related
—
Dec 6, 2002
$1,928,000
Jsm Amalifi LLC
Broadway Professional Center
Grant Deed
$2,500,000 · Argent Co
Feb 8, 1989
—
Rose M Windsor
Winds
Quit Claim Deed
related
—
—
—
Jsm Positano LLC
—
Deed Of Trust
related
—
—
—
Profess Broadway
—
Deed Of Trust
related
$1,750,000 · California Federal Bank
—
—
Jsm Amalfi LLC
—
Deed Of Trust
related
$600,000 · Cato Fiksdal
—
—
Jsm Positano LLC
—
Deed Of Trust
related
$4,894,252 · Key Capital Corp
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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