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Property profile & analytics
OFF-MARKET
Estimated value
$3,170,000
Office buildings
1328 16th St, Santa Monica, CA 90404-1804
Entity Owned
~
Est. High Equity
Property ID
US10-0310811
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1986
Construction
WOOD
Total area
8,897 SF
Lot
0.17 ac (7,508 SF)
Zoning code
SMCP3*
APN
4282-017-006
UPID
US10-0310811
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
-
Chiu Daryl Medical Clinic Alternative Medicine Practice
-
ERIN MARSH MELLANO Physician Medical Clinic
-
Kathryn Warner Orthotics & Prosthetics Service
-
CARILYN HUNT SPARKS Physician
-
OsteoBall Workout for Breast Cancer Survivors Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.17M
Owner & transaction history
1328 16th Street LLC
1328 16th Street LLC
since 2025
7 recorded transactions
Zoning & alternative use
SMCP3* · 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%
$3,455,000
6.5%
$3,190,000
7%
$2,965,000
Blend value · Realmo final
$3.17M
Range $2.85M – $3.49M · ±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
$356 / 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
$45,537
Tax year 2024
Assessed value
$3,795,885
Assessed 2024
Previous assessed
$3,795,885
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$737,020
Assessed improvement
$3,058,865
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,897 SF
Lot
0.17 ac (7,508 SF)
Zoning code
SMCP3*
APN
4282-017-006
UPID
US10-0310811
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMCP3* · Santa Monica, CA
Zoning SMCP3* · permitted uses
SMCP3* · 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
1986
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1328 16th Street LLC
Entity
Mailing address
1328 16TH ST, SANTA MONICA, CA 90404-1804
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Sep 9, 2025
—
1328 16th Street LLC
L Richard Swezey
Grant Deed
—
Oct 13, 2022
—
L Richard Swezey
L Richard Swezey
Correction Deed
related
—
Feb 24, 2021
—
L Richard Swezey
Annette M Swezey
Intrafamily Transfer
related
—
Feb 17, 2017
—
Annette M Swezey
Annette M Swezey
Intrafamily Transfer
related
$2,450,000 · Logix FCU
Feb 15, 2017
—
Annette M Swezey
Swezey,robert L
Affidavit Of Death
related
—
Nov 29, 2012
—
Robert L Swezey
Robert L Swezey
Intrafamily Transfer
related
$1,700,000 · Jpmorgan Chase Bank NA
Oct 6, 1994
—
Swezey Robert L
Swezey,r L & A
Quit Claim Deed
related
—
—
—
Swezey Institute
—
Deed Of Trust
related
$1,325,000 · Great Western Bank
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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