Technical
Financial
Distress signals
Property profile

1245 16th St Santa Monica, CA 90404

OFF-MARKET
Medical Office Space
Property ID
US09-7884139
59,844 SF 0.86 ac lot Built 1988
Entity Owned 21-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Construction STEEL FRAME
Total area 59,844 SF
Lot 0.86 ac (37,503 SF)
Zoning code SMCP3*
APN 4282-001-033
UPID US09-7884139

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Dental Office
  • Dental Office
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

1245 16th St Santa Monica, CA 90404-1235
Santa Monica metro Census 701502 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$17.46M
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.97M

Owner & transaction history

since 2005
6 recorded transactions
2005
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

SMCP3* · Santa Monica, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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