Realmo Analytics

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Property profile

701 Pico Blvd Santa Monica, CA 90405

OFF-MARKET
Retail space
Property ID
US09-6723510
3,804 SF 0.12 ac lot Built 1925
Last sale May 2025 · $1,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional value-add retail property, located at 701-715 Pico Blvd in Santa Monica, CA 90405, presents a compelling investment opportunity. The 3,804 square foot building, constructed in 1925, sits on a 0.12-acre lot and features three units currently operating at 34% occupancy. The property boasts a modified lease structure with multi-tenancy, offering immediate income and significant upside potential. Two smaller units are under short-term and month-to-month leases, while the largest…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$19k
Tax billed · 2024
Assessed value$1.52M
Assessed land$1.26M
Assessed improvement$252k
Effective rate1.23%

Value estimate

· Oct 2026
$1.81M
$1.62M – $1.99M
AI approach$1.89M
CAP approach$1.30M

Realmo valuation models over county records and 22 qualifying comparable sales.

Recently sold

What actually traded nearby?
$836/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$375 – $1,310
Qualifying comparables22

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
SMC4*
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher7.8
Pet Grooming Service7.5
Kid Store6.9

Location

701 Pico Blvd Santa Monica, CA 90405
County assessor Recorded deeds · 5 transfers 22 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2522 Main, Santa Monica, CA 90405-3518 $2,310,000 Dec 2022 2,900 SF
2305 Ocean Park, Santa Monica, CA 90405-5107 $2,995,029 May 2022 2,550 SF
3307 Pico, Santa Monica, CA 90405-2115 $1,012,510 Dec 2021 3,259 SF
1002 Pico, Santa Monica, CA 90405-1416 $800,000 Sep 2021 3,405 SF
901 Pico, Santa Monica, CA 90405 $4,600,046 Jul 2021 2,891 SF
2212 Lincoln, Santa Monica, CA 90405-1321 $929,500 Jan 2020 2,709 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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