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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Hotels
1001 3rd St Santa Monica, CA 90403-3703
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0304560
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1927
Construction
TILT-UP CONCRETE
Total area
31,827 SF
Lot
0.43 ac (18,748 SF)
Zoning code
SMR3
APN
4292-019-015
UPID
US10-0304560
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
-
Palihouse Santa Monica Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.87M
Owner & transaction history
1001 3rd Street LLC · 13 yrs held
1001 3rd Street LLC
since 2012
5 recorded transactions
Zoning & alternative use
SMR3 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$59 / 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
$243,327
Tax year 2024
Assessed value
$20,748,860
Assessed 2024
Previous assessed
$20,748,860
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$18,712,888
Assessed improvement
$2,035,972
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Units
38
Bathrooms
33
Total area
31,827 SF
Lot
0.43 ac (18,748 SF)
Zoning code
SMR3
APN
4292-019-015
UPID
US10-0304560
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR3 · Santa Monica, CA
Zoning SMR3 · permitted uses
SMR3 · 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
1927
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Units
38
Bathrooms
33
Lot
0.43 ac
Current owner
From public records · entity-resolved
1001 3rd Street LLC
Entity
Mailing address
117 E COLORADO BLVD STE #400, PASADENA, CA 91105-3727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
1001 3rd Street LLC
—
Deed
related
$11,500,000 · Bell Bank
Dec 13, 2012
$18,000,000
1001 3rd Street LLC
Embassy LLC
Grant Deed
$16,750,000 · Lei Wsr Santa Monica LLC
Jun 5, 1995
—
Embassy,llc
Nourafchan,e & R S Trustees
Grant Deed
related
—
Dec 30, 1993
—
Embassy Productions Prg
Nourafchan,p
Grant Deed
related
—
May 13, 1992
—
Elis Et Al Nourafchan
—
Deed Of Trust
related
—
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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