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Property profile & analytics
OFF-MARKET
Estimated value
$14,945,000
Parking lots & garages
1313 6th St Santa Monica, CA 90401
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9912951
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1950
Total area
15,000 SF
Lot
0.34 ac (15,010 SF)
Zoning code
SMC3*
APN
4291-009-021
UPID
US09-9912951
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.95M
Owner & transaction history
1325 6th Street Owner LLC · 4 yrs held
1325 6th Street Owner LLC
since 2022
Last sale
$16.8M
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
$13,465,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$23,910,000
Current use
Blend value · Realmo final
$14.95M
Range $13.45M – $16.44M · ±10% · vs last sale $16.80M (Jan 4 2022)
Last sale anchor
$16.80M
Jan 4 2022
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
$996 / 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
$75,110
Tax year 2024
Assessed value
$6,033,990
Assessed 2024
Previous assessed
$6,033,990
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$6,032,764
Assessed improvement
$1,226
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1950
Heating
NONE
Total area
15,000 SF
Lot
0.34 ac (15,010 SF)
Zoning code
SMC3*
APN
4291-009-021
UPID
US09-9912951
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3* · Santa Monica, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$23.9M
PARKING LOT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Lot
0.34 ac
Current owner
From public records · entity-resolved
1325 6th Street Owner LLC
Entity
Mailing address
2120 COLORADO AVE STE #230, SANTA MONICA, CA 90404-3768
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
—
711 Colorado Ave Owner LLC
—
Deed
related
$228,000,000 · Husky Finco LLC
Jan 4, 2022
$16,800,000
1325 6th Street Owner LLC
1313 6th Street LLC
Grant Deed
—
Sep 11, 2018
—
1313 6th Street LLC
—
Deed
related
$17,600,000 · Preferred Bk
Nov 23, 2016
—
1313 6th Street LLC
—
Deed
related
$11,200,000 · Hankey Cap
Feb 21, 2012
$2,495,000
1313 6th Street LLC
Verizon California INC
Grant Deed
$27,500,000 · Ucf II Trust 1 Gt-4
—
—
1313 6th Street LLC
—
Loan Modification
related
$10,320,000 · Preferred Bk
—
—
1313 6th Street LLC
—
Deed Of Trust
related
$11,200,000 · Hankey Cap
—
—
1313 6th Street LLC
—
Deed Of Trust
related
$17,600,000 · Preferred Bk
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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