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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Apartment buildings
1337 Stanford St Santa Monica, CA 90404-2556
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-6990580
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1907
Construction
WOOD
Total area
3,703 SF
Lot
0.18 ac (7,867 SF)
Zoning code
SMR2*
APN
4267-012-010
UPID
US09-6990580
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
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
Meissner,jonah Trust · 11 yrs held
Meissner,jonah Trust
since 2014
7 recorded transactions
Zoning & alternative use
SMR2* · 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%
$995,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,090,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$190 / 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
$14,695
Tax year 2024
Assessed value
$1,123,022
Assessed 2024
Previous assessed
$1,123,022
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$688,401
Assessed improvement
$434,621
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1907
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Units
5
Bathrooms
5
Total area
3,703 SF
Lot
0.18 ac (7,867 SF)
Zoning code
SMR2*
APN
4267-012-010
UPID
US09-6990580
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR2* · Santa Monica, CA
Zoning SMR2* · permitted uses
SMR2* · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
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
1907
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
3
Units
5
Bathrooms
5
Lot
0.18 ac
Current owner
From public records · entity-resolved
Meissner,jonah Trust
Trust
Mailing address
1337 STANFORD ST, SANTA MONICA, CA 90404-2556
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Mar 2, 2023
—
Jonah Meissner
—
Deed
related
$750,000 · California Lithuanian Cu
Dec 1, 2017
—
Jonah Meissner
—
Deed
related
$700,000 · Bofi Federal Bank
Nov 13, 2014
—
Meissner,jonah Trust
Kojoori Lilah Trust
Quit Claim Deed
$330,000 · Velocity Com'l Cap
Feb 18, 2014
—
Meissner,jonah Trust
Kojoori,marlene
Quit Claim Deed
—
Nov 20, 2007
—
Marlene Kojoori
Waldman Family Trust B
Grant Deed
—
Aug 9, 2007
—
Waldman Family Trust B
Waldman,william M
Affidavit Of Death
—
Aug 2, 2005
—
Waldman Family Trust
Waldman Family Trust
Quit Claim Deed
related
—
—
—
Waldman Trust
—
Deed Of Trust
related
$100,000 · World Savings 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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