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Property profile & analytics
OFF-MARKET
Estimated value
$6,350,000
Investment properties
1433 6th St Santa Monica, CA 90401-2554
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6363559
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1922
Construction
WOOD
Total area
5,310 SF
Lot
0.17 ac (7,510 SF)
Zoning code
SMC3*
APN
4291-020-017
UPID
US09-6363559
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
-
Anagram (Bike/Boat/Book/etc) Store Corporate Office
-
Loancrate Global Headquarters Corporate Office
-
epic-health-coach.com Physician
-
L&D Water Damage Restoration Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.80M
Blend (final)
Blend
$6.35M
Owner & transaction history
Smhc 23 LLC · 2 yrs held
Smhc 23 LLC
since 2024
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
SMC3* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.3M
+55.0%
Retail stores
$5.6M
+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
$6,350,000
ML approach
$6,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,040,000
Current use
INDUSTRIAL (GENERAL)
$6,265,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$5,600,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±10% · vs last sale $6.35M (Jun 21 2024)
Last sale anchor
$6.35M
Jun 21 2024
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
$1,196 / 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
$65,665
Tax year 2024
Assessed value
$5,452,961
Assessed 2024
Previous assessed
$5,452,961
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$4,517,595
Assessed improvement
$935,366
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
1922
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
4
Stories
1
Units
4
Bathrooms
9
Total area
5,310 SF
Lot
0.17 ac (7,510 SF)
Zoning code
SMC3*
APN
4291-020-017
UPID
US09-6363559
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3* · Santa Monica, CA
Zoning SMC3* · permitted uses
SMC3* · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES
Est. value
$5.6M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
1922
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
4
Units
4
Bathrooms
9
Lot
0.17 ac
Current owner
From public records · entity-resolved
Smhc 23 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4751 WILSHIRE BLVD STE 110TH LOS ANGELES
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
—
Smhc 23 LLC
Hankey Capital LLC
Deed
related
—
Mar 12, 2024
$5,981,831
Hankey Capital LLC
1435 6th Street LLC
Trustees Deed
related
—
Dec 6, 2022
$6,350,000
1435 6th Street LLC
Soo Kim
Grant Deed
$5,350,000 · Hankey Capital LLC
Jun 29, 2021
$3,000,000
Soo Kim
Avsm 6th Street Partners LLC
Grant Deed
—
Apr 12, 2017
$2,200,000
Avsm 6th Street Partners LLC
Beach House Trust
Grant Deed
—
Jun 22, 2016
—
Kim,richard & Kyung J Trust
Kim,kyung J
Quit Claim Deed
related
—
Dec 4, 2014
—
Kyung J Kim
Kim,richard
Quit Claim Deed
related
—
Dec 3, 2014
$3,738,000
Kyung J Kim
Bluewater Magle LLC
Grant Deed
$1,720,000 · Umpqua Bank
Mar 15, 2007
$2,600,000
Bluewater Magic LLC
Gallenson,david
Grant Deed
$1,300,000 · City National Bank
Dec 1, 1999
—
David Gallenson
Izumigawa,k N
Quit Claim Deed
related
—
Apr 14, 1992
$100,000
David Gallenson
Makofske,don
Grant Deed
$50,000 · Seller
Apr 6, 1990
—
Makofske D
—
Deed Of Trust
related
—
—
—
David Gallenson
—
Deed Of Trust
related
$500,000 · Quaker City Federal S & L
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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