Keller Block Bldg
Price
Price on request
Market rate estimate — not broker-provided
Cost-of-Business Details
Low ConfidenceBased on 3 comparable office sale listings in the area.
| Component | Value | Detail | Source |
|---|---|---|---|
| Base Rent | $5.00/SF | — | direct_comps |
| Utilities | — | 2.6¢/kWh | OpenEI URDB |
| Property Tax | — | 0.0% eff. rate | API Ninjas |
| Labor Index | — | $1516/wk | BLS QCEW |
Source Provenance (1)
| Source | Type | Count | Year | Freshness | Peer |
|---|---|---|---|---|---|
| OpenSearch Listings | comparable_listings | 3 | — | real-time | — |
Location
223-227 broadway santa monica, ca, 90401, santa monica, CA 90401
Market Context
As of Q1 2026, the Greater Los Angeles office market showed a 21.1% vacancy rate. Source: multiple brokerages Q1 2026 market report.
Projected current pricing
low confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 www lee-associates com data (cap rate 5.8%, asking rent held flat).
Above-average vacancy gives buyers leverage and a wide set of comparables.
Compare it against other office listings for sale in Santa Monica, CA to benchmark pricing and space — view the full market.
Office market FAQ
- Is the Greater Los Angeles office market tightening or softening?
- Vacancy is around 21.1% (Q1 2026).
Unified Estimate
Medium ConfidenceRate-first confidence-weighted blend with cost-of-business adjustment.
Sale Price History
2000 – 2025 · county sold comps + market trendsFIPS 06037
- Median $/SF (sold)
- Vacancy %
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Financing Assumptions
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Sold Comps
Q4 2025Sold median $378/SF is 4847.6% above asking avg $8/SF
Source: los_angeles_assessor · County FIPS: 06037
Assumptions
- Interest rate: 6.47% (FRED live)
- Loan term: 25 years
- Down payment: 25.0%
- Market comparison: office in santa monica, CA
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Contact Broker
Listed by
JLL