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1310 Pico Boulevard

Updated Oct 13, 2026

Jason And Jennifer Romero Of Romero Holdings Acquire Development Site In Santa Monica For $2M
SOLDDevelopment Site

Jason And Jennifer Romero Of Romero Holdings Acquire Development Site In Santa Monica For $2M

1310 Pico Boulevard

$2,000,000

$1,000/SF

Building Size

2,000 SF

Asset Type

Development Site

Closing

Oct 1, 2025

About this deal

AI

The property is a development site located at 1310 Pico Boulevard in Santa Monica. The sale price was $2,000,000, with a building square footage (BSF) of 6,000, leading to a price per building square foot (PPBSF) of $333. The site has a square footage (SF) of 2,000, resulting in a price per square foot (PPSF) of $1,000.

Summary of transation details:

The transaction involved buyer Jason and Jennifer Romero, who are associated with Romero Holdings. The sellers were Howard M Okumura. Cameron Samimi and Molly First from Lyon Stahl Investment Real Estate represented the buyers in this deal.

On the Map

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$2,000,000

$1,000/SF

Development Site

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Players

Molly First

Lyon Stahl Investment Real Estate

Broker

$2M

vol

1 deal

Broker

Jason Romero

Romero Holdings

Buyer
Buyer

Howard M Okumura

Seller
Seller
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Santa Monica Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $1K per square foot on a published $2M for 2,000 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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