Back to Search
Property profile & analytics
FOR LEASE
Parking lots & garages
711 Colorado Ave Santa Monica, CA 90401
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6995541
For Lease
$5,085,000
711 Colorado Ave, Santa Monica, CA 90401
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1955
Lot
0.17 ac (7,500 SF)
Zoning code
SMC3*
APN
4291-022-012
UPID
US09-6995541
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
$4.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.09M
Owner & transaction history
711 Colorado Ave Owner LLC · 4 yrs held
711 Colorado Ave Owner LLC
since 2022
Last sale
$5.6M
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
$4,490,000
ML approach
$4,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.09M
Range $4.58M – $5.59M · ±10% · vs last sale $5.60M (Jan 4 2022)
Last sale anchor
$5.60M
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
—
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
$105,736
Tax year 2024
Assessed value
$8,456,240
Assessed 2024
Previous assessed
$8,456,240
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$5,826,240
Assessed improvement
$2,630,000
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
For Lease
Year built
1955
Heating
NONE
Bathrooms
2
Lot
0.17 ac (7,500 SF)
Zoning code
SMC3*
APN
4291-022-012
UPID
US09-6995541
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3* · Santa Monica, CAZoning 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
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
711 Colorado Ave 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
15 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
$5,600,000
711 Colorado Ave Owner LLC
711 Colorado Avenue LLC
Grant Deed
—
Jan 4, 2022
$10,854,500
1323 5th Street Owner LLC
1323 5th Street LLC
Grant Deed
$228,000,000 · Husky Finco LLC
Dec 7, 2021
—
711 Colorado Avenue LLC
—
Deed
related
$6,000,000 · Hankey Capital LLC
Jun 25, 2019
—
711 Colorado Avenue LLC
—
Deed
related
$3,000,000 · First Choice Bank
Jul 14, 2017
—
711 Colorado Avenue LLC
—
Deed
related
$2,000,000 · Us Metro Bank
May 8, 2017
—
711 Colorado Avenue LLC
—
Deed
related
$9,000,000 · Hankey Cap
Jul 16, 2015
$3,000,000
711 Colorado Avenue LLC
Robhana INC
Grant Deed
$1,500,000 · Uniti Bank
Mar 3, 2011
—
Robhana INC
—
Deed Of Trust
related
$3,000,000 · Preferred Bank
Jun 7, 2010
$1,000,000
Robhana INC
Integrated Lender Services
Trustees Deed
related
—
Sep 16, 2005
$2,200,000
Jsm Modena LLC
Correia Algerine Trust
Grant Deed
—
Sep 24, 1998
—
Clyde L Grosscup
Mcintosh M Trustee,
Quit Claim Deed
related
—
May 19, 1993
—
Mcintosh Ron
—
Deed Of Trust
related
—
Jan 26, 1990
$80,000
Margare Mcintosh
Tucke
Grant Deed
—
—
—
711 Colorado Avenue LLC
—
Deed Of Trust
related
$9,000,000 · Hankey Cap
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
