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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Office buildings
1150 18th St, Santa Monica, CA 90403-5662
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-6362389
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1951
Construction
TILT-UP CONCRETE
Total area
6,000 SF
Lot
0.07 ac (3,261 SF)
Zoning code
SMC6*
APN
4276-010-026
UPID
US09-6362389
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
-
Eyed LA Optometry Optometrist Sunglasses Store
-
NO FREE BREAD GALLERY Art Gallery
-
Dr. Maylin Gonzalez, OD Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Heavens,calling Bl Trust · 11 yrs held
Heavens,calling Bl Trust
since 2015
7 recorded transactions
Zoning & alternative use
SMC6* · 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
$183 / 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
$47,387
Tax year 2024
Assessed value
$4,006,162
Assessed 2024
Previous assessed
$4,006,162
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,534,851
Assessed improvement
$471,311
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
9
Bathrooms
10
Total area
6,000 SF
Lot
0.07 ac (3,261 SF)
Zoning code
SMC6*
APN
4276-010-026
UPID
US09-6362389
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC6* · Santa Monica, CA
Zoning SMC6* · permitted uses
SMC6* · 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
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
9
Bathrooms
10
Lot
0.07 ac
Current owner
From public records · entity-resolved
Heavens,calling Bl Trust
Trust
Mailing address
1150 18TH ST, SANTA MONICA, CA 90403-5662
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2018
—
Robert A Lynn
—
Deed
related
$4,400,000 · City National Bank
Jan 5, 2015
—
Heavens,calling Bl Trust
Lynn,robert A
Quit Claim Deed
related
—
Mar 27, 2007
—
Robert A Lynn
Lynn,ann H
Quit Claim Deed
related
—
Mar 27, 2007
$3,000,000
Robert A Lynn
18th Street Properties LLC
Grant Deed
$1,600,000 · Greenpoint Mortgage Funding
Jun 21, 2002
$1,477,500
18th Street Properties LLC
Leonard Center LP
Grant Deed
$738,875 · Wells Fargo Bank
May 11, 2000
—
Leonard Center
Spinello,s W & J A Co-trustees
Grant Deed
related
—
May 11, 2000
$875,000
Leonard Center LP
—
Grant Deed
related
—
Nov 20, 1992
—
Spinello Samuel
—
Deed Of Trust
related
—
Sep 26, 1989
—
Samuel Spinello
Spinello Samuel
Quit Claim Deed
related
—
Feb 5, 1971
$43,500
—
—
Grant Deed
related
—
—
—
Leonard Center LP
—
Deed Of Trust
related
$800,000 · Citizens Business Bank
—
—
Samuel Spinello
—
Deed Of Trust
related
$300,000 · Santa Monica Bank
—
—
Robert A Lynn
—
Deed Of Trust
related
$1,400,000 · City National Bank
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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