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Property profile & analytics
OFF-MARKET
Estimated value
$6,290,000
Investment properties
1413 Michigan Ave Santa Monica, CA 90404-4303
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1224060
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1905
Construction
WOOD
Total area
4,033 SF
Lot
0.41 ac (17,992 SF)
Zoning code
SMC4*
APN
4283-013-024
UPID
US09-1224060
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
$6.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.17M
Blend (final)
Blend
$6.29M
Owner & transaction history
Laurel Eah Nc LP · 4 yrs held
Laurel Eah Nc LP
since 2022
Last sale
$7.0M
6 recorded transactions
Zoning & alternative use
SMC4* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+58.1%
Retail stores
$4.3M
+38.6%
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
$6,130,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,850,000
Change: +58% · Conversion: Easy
RETAIL STORES
$4,255,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$6.29M
Range $5.66M – $6.92M · ±10% · vs last sale $6.98M (Jun 3 2022)
Last sale anchor
$6.98M
Jun 3 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
$1,560 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$88,472
Tax year 2023
Assessed value
$7,483,968
Assessed 2023
Previous assessed
$7,483,968
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$7,430,359
Assessed improvement
$53,609
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1905
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
4,033 SF
Lot
0.41 ac (17,992 SF)
Zoning code
SMC4*
APN
4283-013-024
UPID
US09-1224060
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CA
Zoning SMC4* · permitted uses
SMC4* · 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
OFFICE BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.3M
OFFICE BUILDING
RETAIL STORES
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
1905
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Laurel Eah Nc LP
Entity
Mailing address
22 PELICAN WAY, SAN RAFAEL, CA 94901-5545
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
—
Laurel Eah Nc LP
—
Deed
related
$1,119,000 · Century Housing Corporation
Jun 3, 2022
—
Laurel Eah Nc LP
City Of Santa Monica
Agreement Of Sale
$11,742,234 · City Of Santa Monica
Jun 3, 2022
$6,980,000
Laurel Eah Nc LP
Laurel Eah Nc LLC
Grant Deed
related
$8,300,000 · City Of Santa Monica
Jun 6, 2019
$6,980,000
Laurel Eah Nc LLC
Atlantic Microscope LLC
Grant Deed
$8,300,000 · Miscellaneous Govt Agcy
Oct 19, 2017
$6,625,000
Atlantic Microscope LLC
Nikkei Hall
Grant Deed
—
May 19, 1959
—
Nikki Hall Corp
—
Grant Deed
related
—
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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