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Property profile & analytics
OFF-MARKET
Hotels
1415 Ocean Ave Santa Monica, CA 90401-2116
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0312247
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1931
Construction
CONCRETE
Total area
49,776 SF
Lot
0.34 ac (15,000 SF)
Zoning code
SMRVC*
APN
4291-015-023
UPID
US10-0312247
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
-
Santa Monica pier Resort
-
The Georgian Room Restaurant
-
The Georgian Hotel Hotel & Motel
-
Sirena Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gsm Hotel Owner LLC · 5 yrs held
Gsm Hotel Owner LLC
since 2020
Last sale
$62.0M
7 recorded transactions
Zoning & alternative use
SMRVC* · 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
—
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
$707,001
Tax year 2024
Assessed value
$58,752,719
Assessed 2024
Previous assessed
$58,752,719
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$10,744,731
Assessed improvement
$48,007,988
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1931
Construction
CONCRETE
Heating
NONE
Stories
1
Units
84
Total area
49,776 SF
Lot
0.34 ac (15,000 SF)
Zoning code
SMRVC*
APN
4291-015-023
UPID
US10-0312247
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMRVC* · Santa Monica, CA
Zoning SMRVC* · permitted uses
SMRVC* · 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
1931
Construction
CONCRETE
Heating
NONE
Stories
1
Units
84
Lot
0.34 ac
Current owner
From public records · entity-resolved
Gsm Hotel Owner LLC
Entity
Mailing address
745 MERCHANT ST, LOS ANGELES, CA 90021-1519
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
—
Gsm Hotel Owner LLC
—
Deed
related
$73,790,000 · Ss Hotel Credit Opportunity Fund III Ca
Aug 24, 2020
$62,000,000
Gsm Hotel Owner LLC
4ds LP
Grant Deed
$44,000,000 · 4ds LP
Nov 1, 2017
—
4ds LP
—
Deed
related
$7,500,000 · City National Bank
Nov 1, 1996
—
4ds LP
Georgian Hotel LP
Grant Deed
$4,250,000 · Harbor Bank
—
—
4ds
—
Deed Of Trust
related
$5,000,000 · City National Bank
—
—
4ds LP
—
Deed Of Trust
related
$5,000,000 · City National Bank
—
—
4ds LP
—
Deed Of Trust
related
$5,000,000 · City National Bank
—
—
Georgian Hotel
—
Deed Of Trust
related
$2,500,000 · Signal Mortgage Co
—
—
Georgian Investm
—
Deed Of Trust
related
$2,000,000 · Harbor 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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