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Property profile & analytics
OFF-MARKET
Estimated value
$8,495,000
Hospitals
1350 15th St Santa Monica, CA 90404
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7378290
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1972
Construction
TILT-UP CONCRETE
Total area
62,075 SF
Lot
0.52 ac (22,478 SF)
Zoning code
SMCP3*
APN
4282-016-027
UPID
US09-7378290
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
$8.50M
Owner & transaction history
Santa Monica Assocs I Goldstar · 17 yrs held
Santa Monica Assocs I Goldstar
since 2009
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$137 / 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
$110,169
Tax year 2024
Assessed value
$8,998,489
Assessed 2024
Previous assessed
$8,998,489
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,249,616
Assessed improvement
$6,748,873
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
62,075 SF
Lot
0.52 ac (22,478 SF)
Zoning code
SMCP3*
APN
4282-016-027
UPID
US09-7378290
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Santa Monica Assocs I Goldstar
Individual
Mailing address
217 S CITRUS AVE, LOS ANGELES, CA 90036-3037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2019
—
Goldstar Santa Monica Assocs I
—
Grant Deed
related
$28,000,000 · Metropolitan Com'l Bk
Feb 10, 2012
—
Santa Monica Assocs I Goldstar
—
Deed Of Trust
related
$4,000,000 · Capitalsource Bank
Jul 2, 2009
—
Santa Monica Assocs I Goldstar
—
Deed Of Trust
related
$15,500,000 · Midcap Financial LLC
Apr 2, 2009
—
Santa Monica Assocs I Goldstar
Gft Properties INC
Grant Deed
$6,000,000 · Inland Community Bank
Mar 25, 1994
$6,450,000
David Convalescent Hospit King
Sanwa Jitsugyo C
Grant Deed
—
May 23, 1988
$8,200,000
Toguri Enterprises INC
Unknown
Grant Deed
—
—
—
Goldstar Santa Monica Associat
—
Deed Of Trust
related
$2,500,000 · Banco Popular
—
—
Goldstar Santa Monica Associat
—
Loan Modification
related
$15,571,834 · Pacific Wstrn Bk
—
—
David Convalescent Hospit King
—
Deed Of Trust
related
$3,500,000 · Community Bank NA
—
—
David Convalescent Hospit King
—
Deed Of Trust
related
$1,500,000 · Us Small Business Admn
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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