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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Apartment buildings
1144 12th St Santa Monica, CA 90403-5468
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7001582
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1996
Construction
WOOD
Total area
20,513 SF
Lot
0.34 ac (15,014 SF)
Zoning code
SMR2*
APN
4281-020-055
UPID
US09-7001582
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
-
1131 Wilshire Blvd Garage Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
1144 12th Street LLC · 13 yrs held
1144 12th Street LLC
since 2013
7 recorded transactions
Zoning & alternative use
SMR2* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$132 / 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
$38,646
Tax year 2024
Assessed value
$3,054,936
Assessed 2024
Previous assessed
$3,054,936
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$993,503
Assessed improvement
$2,061,433
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
17
Bathrooms
31
Total area
20,513 SF
Lot
0.34 ac (15,014 SF)
Zoning code
SMR2*
APN
4281-020-055
UPID
US09-7001582
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR2* · Santa Monica, CA
Zoning SMR2* · permitted uses
SMR2* · 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
1996
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
17
Bathrooms
31
Lot
0.34 ac
Current owner
From public records · entity-resolved
1144 12th Street LLC
Entity
Mailing address
12327 SANTA MONICA BLVD STE #101, LOS ANGELES, CA 90025-2552
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2018
—
1144 12th Street LLC
—
Deed
related
$2,935,000 · First Republic Bank
Feb 22, 2013
—
1144 12th Street LLC
1144 12th Street LLC
Grant Deed
related
$3,250,000 · Jpmorgan Chase Bank NA
May 21, 1996
$450,000
1144 12th Street LLC
Samimi,soheil
Grant Deed
$1,105,000 · Santa Monica City
Dec 17, 1993
—
Soheil Samimi
—
Deed Of Trust
related
—
Jun 6, 1990
$600,000
Rmp Inv INC
Auerbach Ernest
Trustees Deed
—
Jun 6, 1990
$1,100,000
Amanat Mehrdad
Rpm Inv INC
Trustees Deed
$550,000 · Individual
—
—
Mehrdad Amanat
—
Deed Of Trust
related
$420,000 · American Savings Bank
—
—
1144 12th Street LLC
—
Deed Of Trust
related
$105,200 · Us Small Business Admn
—
—
1144 12th St LLC
—
Deed Of Trust
related
$690,000 · Home Savings Of America
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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