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Property profile & analytics
OFF-MARKET
Estimated value
$20,005,000
Office buildings
1238 7th St, Santa Monica, CA 90401-1606
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0302177
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1912
Construction
WOOD
Total area
1,976 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SMC3*
APN
4291-006-006
UPID
US10-0302177
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
-
Beyond Integrative PT Physician
-
Kaucher Kustoms IT Consulting Firm
-
310 Interactive Marketing & Advertising (Bike/Boat/Book/etc) Store
-
E Engineers - Consulting Electrical Engineers Engineering Consultant
-
Fast Switch Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$20.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.21M
Blend (final)
Blend
$20.01M
Owner & transaction history
Smhc 23 LLC · 1 yrs held
Smhc 23 LLC
since 2024
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
SMC3* · 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
$20,005,000
ML approach
$20,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$20.01M
Range $18.00M – $22.01M · ±10% · vs last sale $20.01M (Dec 6 2024)
Last sale anchor
$20.01M
Dec 6 2024
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
$10,124 / 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
$114,371
Tax year 2024
Assessed value
$9,649,815
Assessed 2024
Previous assessed
$9,649,815
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$9,648,209
Assessed improvement
$1,606
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
OFFICE BUILDING
Status
Off-Market
Year built
1912
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,976 SF
Lot
0.17 ac (7,500 SF)
Zoning code
SMC3*
APN
4291-006-006
UPID
US10-0302177
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3* · Santa Monica, CA
Zoning SMC3* · permitted uses
SMC3* · 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
1912
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Smhc 23 LLC
Entity
Mailing address
4751 WILSHIRE BLVD STE #110, LOS ANGELES, CA 90010-3838
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Smhc 23 LLC
Hankey Capital LLC
Quitclaim Deed
related
—
May 1, 2024
$8,000,000
Hankey Capital LLC
Wsc 1238 7th St LLC
Trustees Deed
related
—
Dec 26, 2023
$8,000,000
Smhc 23 LLC
Wsc 1238 7th St LLC
Deed In Lieu Of Foreclosure
related
—
Dec 1, 2023
—
Wsc 1238 7th St LLC
—
Deed
related
$43,350,000 · First Choice Bank
Sep 13, 2019
$20,006,000
Wsc 1238 7th St LLC
Nms1238 7th LLC
Grant Deed
$6,500,000 · Hankey Cap
Apr 6, 2018
—
Nms1238 7th LLC
—
Deed
related
$2,700,000 · Miscellaneous Ins Co
Mar 8, 2012
$1,900,000
Nms1238 7th LLC
Coleman June J Trust
Grant Deed
$1,300,000 · Coleman June J Trust
Mar 8, 2012
—
Coleman June J Trust
Coleman,june J
Affidavit Of Death
related
—
Mar 7, 2008
—
Coleman W E Exemption Trust
Coleman,june J
Quit Claim Deed
related
—
Oct 16, 2003
$330,000
James T Marooney
Gomez,fanny D
Grant Deed
$296,670 · First Federal Bank Ca
—
—
Nms1238 7th LLC
—
Deed Of Trust
related
$2,700,000 · Miscellaneous Ins Co
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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