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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Investment properties
1216 5th St Santa Monica, CA 90401-1402
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0312431
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1955
Construction
TILT-UP CONCRETE
Total area
7,500 SF
Lot
0.17 ac (7,508 SF)
Zoning code
SMC3C*
APN
4291-004-003
UPID
US10-0312431
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
-
5th Street Studios Recording Studio
-
James Reese Studios Theater & Performing Art Venue Vocational School
-
Tiffany Company Casting Corporate Office
-
KATHY KNOWLES CASTING Film Production
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
Lynn,barbara King Trust · 7 yrs held
Lynn,barbara King Trust
since 2019
7 recorded transactions
Zoning & alternative use
SMC3C* · 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
$215 / 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
$9,363
Tax year 2024
Assessed value
$502,536
Assessed 2024
Previous assessed
$502,536
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$331,667
Assessed improvement
$170,869
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,500 SF
Lot
0.17 ac (7,508 SF)
Zoning code
SMC3C*
APN
4291-004-003
UPID
US10-0312431
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3C* · Santa Monica, CA
Zoning SMC3C* · permitted uses
SMC3C* · 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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lynn,barbara King Trust
Trust
Free & Clear · 7 yrs held
Mailing address
944 YALE ST, SANTA MONICA, CA 90403-2232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Apr 24, 2019
—
Lynn,barbara King Trust
Paul Bernard King F/tr
Quit Claim Deed
related
—
Dec 14, 2018
—
Belew Family Trust
Hugron,laura
Quit Claim Deed
related
—
Nov 26, 2018
—
Plotkin Family Trust
Plotkin,roger
Quit Claim Deed
related
—
Oct 2, 2018
—
Paul,bernard King Family Trust
Paul Bernard King F/tr
Quit Claim Deed
related
—
Jul 25, 2011
—
King Bernard P Family Trust
King,barbara
Quit Claim Deed
related
—
Jan 26, 2011
—
Mills Family Trust
Mills Family Trust
Quit Claim Deed
related
—
Jul 16, 2007
—
Albert D Mills
Mills,tamara L
Quit Claim Deed
related
—
Feb 28, 2007
—
King Bernard P Family Trust
King,barbara
Quit Claim Deed
related
—
Jan 25, 2007
—
Roger Plotkin
Plotkin Fam Living Trust
Quit Claim Deed
related
—
Jul 21, 2006
—
Raymond B Johnson
Johnson,nadina R
Quit Claim Deed
related
—
Nov 12, 2002
—
Nadina R Johnson
Johnson,n R Tr
Quit Claim Deed
related
—
Jul 31, 1992
—
Copeland Rae Tr
—
Deed Of Trust
related
—
Sep 21, 1972
$160,000
—
—
Grant Deed
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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