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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Office buildings
1441 24th St, Santa Monica, CA 90404-3002
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-6276588
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Construction
WOOD
Total area
2,334 SF
Lot
0.13 ac (5,534 SF)
Zoning code
SMR2*
APN
4275-003-009
UPID
US09-6276588
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
$775k
CAP Approach
CAP
$835k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Kara Lee Taub · 4 yrs held
Kara Lee Taub
since 2021
Last sale
$770,000
7 recorded transactions
Zoning & alternative use
SMR2* · 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
Method
Estimation
Statistic approach
$795,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $770k (Oct 6 2021)
Last sale anchor
$770k
Oct 6 2021
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
$334 / 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
$17,994
Tax year 2024
Assessed value
$1,465,198
Assessed 2024
Previous assessed
$1,465,198
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,068,418
Assessed improvement
$396,780
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
2
Bathrooms
2
Total area
2,334 SF
Lot
0.13 ac (5,534 SF)
Zoning code
SMR2*
APN
4275-003-009
UPID
US09-6276588
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR2* · Santa Monica, CA
Zoning SMR2* · permitted uses
SMR2* · 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
1938
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Kara Lee Taub
Individual
Mailing address
1441 24TH ST, SANTA MONICA, CA 90404-3002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
—
Kara Lee Taub
Tama L Taub
Intrafamily Transfer
related
—
Dec 4, 2018
—
Taub,kara L Living Trust
Taub,kara L
Quit Claim Deed
related
—
Sep 2, 2003
$770,000
Robert J Taub
Mitchell,uab F & Maria D
Grant Deed
$413,000 · First Capital Corp
Sep 22, 2000
—
Ian F Mitchell
Mitchell,i F & M D Trustees
Quit Claim Deed
related
—
Aug 17, 1999
—
Mitchell,ian F & Maria D Trustee
Mitchell,i F & M D
Quit Claim Deed
related
—
Aug 2, 1999
—
Ian F Mitchell
Mitchell,i Fpm D
Quit Claim Deed
related
—
May 17, 1999
$395,000
Ian F Mitchell
California Federal Bank
Grant Deed
$296,250 · First Federal Bank Ca
Nov 5, 1998
$308,750
California Federal Bank
Esfandiar,amir
Trustees Deed
related
—
Jul 23, 1998
—
Mohammed Omidvar
Shaw,m
Grant Deed
related
—
May 29, 1998
—
Samuel Liggins
Shaw,m
Grant Deed
related
—
May 13, 1998
—
Michael Shaw
Nourouzi,m
Quit Claim Deed
related
—
Apr 2, 1997
$1,000
Modjtaba Nourouzi
Nourouzi,modjtaba
Grant Deed
related
—
Jul 3, 1996
—
Amir Esfandiar
Esfandiar,a
Quit Claim Deed
related
—
Jun 14, 1996
$375,000
Amir Esfandiar
Nourouzi,modtaba
Grant Deed
$300,000 · Cib Mortgage
Jun 1, 1995
$10,000
Modjtaba Nourouzi
Nasirzadeh,maghsoud
Grant Deed
related
—
Nov 9, 1990
—
Nasirzadeh Maghs
Moeini Monireh
Quit Claim Deed
related
$195,000 · World Savings & Loan
Nov 9, 1990
$187,000
Salem Persila
Barmaan Shahrokh
Trustees Deed
related
—
Oct 25, 1988
$235,000
Shahrokh Barmaan
Pacific Finl Exc
Trustees Deed
$176,250 · Ica Mortgage Corp
Oct 25, 1988
$86,500
Finl Exc Pacific
Ramos Tomas R&v
Trustees Deed
related
—
Feb 25, 1988
$165,000
Tomas R Ramos
Amsbe
Grant Deed
$132,000 · Plaza Funding
—
—
Maghs Nasirzadeh
—
Deed Of Trust
related
$50,000 · Individual
—
—
Maghsoud Nasirzadeh
—
Deed Of Trust
related
$50,000 · Individual
—
—
Modjtaba Nourouzi
—
Deed Of Trust
related
$155,000 · Individual
—
—
Ian F Mitchell
—
Deed Of Trust
related
$437,500 · Washington Mutual Fsb
—
—
Maghsoud Nasirzadeh
—
Deed Of Trust
related
$258,000 · Franklin Group
—
—
Ian F Mitchell
—
Deed Of Trust
related
$316,000 · Washington Mutual Fsb
—
—
Modjtaba Nourouzi
—
Deed Of Trust
related
$40,000 · Fundamental Financial
—
—
Ian F Mitchell
—
Deed Of Trust
related
$110,000 · First Union Nat'l Bank Delawar
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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