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Property profile & analytics
OFF-MARKET
Estimated value
$28,680,000
High-rise multifamily apartments
1431 Ocean Ave Santa Monica, CA 90401-2124
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7889476
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1963
Construction
STEEL FRAME
Total area
208,570 SF
Lot
0.69 ac (30,000 SF)
Zoning code
SMRVC*
APN
4291-015-026
UPID
US09-7889476
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
-
FD Productions - West Los Angeles Film Production Television Studio
-
Hi-Tech Engineering Engineer
-
Moving Company TakeStar Moving Company
-
Cinthia Lomeli Skin Care/ Waxing and Spray Tan Medical Clinic Skin Care Clinic
-
SHORTsense, Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$28.68M
Owner & transaction history
Douglas Emmett Realty Fund 1996 LLC
Douglas Emmett Realty Fund 1996 LLC
since 2025
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
$138 / 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
$570,723
Tax year 2024
Assessed value
$38,851,660
Assessed 2024
Previous assessed
$38,851,660
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$9,392,827
Assessed improvement
$29,458,833
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1963
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
2
Units
485
Total area
208,570 SF
Lot
0.69 ac (30,000 SF)
Zoning code
SMRVC*
APN
4291-015-026
UPID
US09-7889476
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
1963
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
2
Units
485
Lot
0.69 ac
Current owner
From public records · entity-resolved
Douglas Emmett Realty Fund 1996 LLC
Entity
Mailing address
1299 OCEAN AVE STE #1000, SANTA MONICA, CA 90401-1063
Mailing matches property
Different — outreach signal
Owner-occupied
No
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 2, 2025
—
Douglas Emmett Realty Fund 1996 LLC
Barrington Pacific LLC
Grant Deed
$96,460,000 · Walker & Dunlop LLC
Jun 1, 2017
—
Barrington Pacific LLC
—
Deed
related
$78,000,000 · Walker & Dunlop
Nov 2, 2010
—
Shores Barrington LLC
—
Deed Of Trust
related
$43,440,000 · Cwcapital LLC
Jul 3, 2001
—
Barrington Pac
Douglas Emmett Realty Fd 1996
Grant Deed
related
$30,000,000 · Berkshire Mortgage Finance Co
Mar 5, 1999
—
Emmett Douglas Realty Fd
Pac Plaza Partners,
Quit Claim Deed
related
—
Dec 2, 1997
—
Pacific Plaza Partners
Baylis,h I
Grant Deed
related
—
Jul 15, 1988
$17,875,500
Henry I Baylis
2811 Wilshire As
Trustees Deed
$12,000,000 · California Federal Bank
—
—
Barrington Pacific LLC
—
Deed Of Trust
related
$78,000,000 · Walker & Dunlop
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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