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Property profile & analytics
OFF-MARKET
Estimated value
$16,695,000
Office buildings
1299 Ocean Ave, Santa Monica, CA 90401-1038
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-6994299
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1980
Construction
STEEL FRAME
Total area
102,157 SF
Lot
0.73 ac (32,000 SF)
Zoning code
SMRVC*
APN
4291-001-034
UPID
US09-6994299
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
-
Broker Associate Real Estate Agency
-
Westside Villas Apartment Building
-
Shaffer Law Law Firm
-
Blackstone Group Financial Advisor
-
Gooch III Frank Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.88M
Blend (final)
Blend
$16.70M
Owner & transaction history
De Pacific 1299 LLC · 9 yrs held
De Pacific 1299 LLC
since 2017
7 recorded transactions
Zoning & alternative use
SMRVC* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.70M
Range $15.03M – $18.36M · ±10%
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
$163 / 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
$2,262,601
Tax year 2024
Assessed value
$191,382,910
Assessed 2024
Previous assessed
$191,382,910
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$37,093,238
Assessed improvement
$154,289,672
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 (MULTI-STORY)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Total area
102,157 SF
Lot
0.73 ac (32,000 SF)
Zoning code
SMRVC*
APN
4291-001-034
UPID
US09-6994299
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMRVC* · Santa Monica, CA
Zoning SMRVC* · permitted uses
SMRVC* · 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
1980
Construction
STEEL FRAME
Heating
NONE
Lot
0.73 ac
Current owner
From public records · entity-resolved
De Pacific 1299 LLC
Entity
Mailing address
1299 OCEAN AVE STE #1000, SANTA MONICA, CA 90401-1063
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2017
—
De Pacific 1299 LLC
—
Grant Deed
related
$400,000,000 · Pnc Bk
Apr 26, 2017
$285,000,000
De Pacific 1299 LLC
1299 Ocean LLC
Trustees Deed
related
$288,000,000 · Bank Of America
Apr 26, 2017
—
De Pacific 1299 LLC
—
Loan Modification
related
$288,000,000 · Bank Of America
Jun 28, 1996
—
Tele-tac Associates
—
Deed Of Trust
related
$32,000,000 · Connecticut General Life Ins
Jun 29, 1990
$2,000,000
Tele Tac Assoc
Unknown
Grant Deed
—
—
—
Mora
—
Deed Of Trust
related
$5,000,000 · Metro National State Bank
—
—
Eop-wilshire Palisades LLC
—
Deed Of Trust
related
$40,000 · Teachers Insurance & Annuity
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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