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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Apartment buildings
1444 15th St Santa Monica, CA 90404-2730
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6996755
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
8,207 SF
Lot
0.17 ac (7,505 SF)
Zoning code
SMR3*
APN
4282-021-009
UPID
US09-6996755
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
by Request
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
96 Se 2112 Separate Prop Trust · 7 yrs held
96 Se 2112 Separate Prop Trust
since 2019
6 recorded transactions
Zoning & alternative use
SMR3* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,200,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,670,000
Current use
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10%
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
$201 / 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
$41,112
Tax year 2024
Assessed value
$3,390,298
Assessed 2024
Previous assessed
$3,390,298
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,952,842
Assessed improvement
$437,456
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
7
Bathrooms
15
Total area
8,207 SF
Lot
0.17 ac (7,505 SF)
Zoning code
SMR3*
APN
4282-021-009
UPID
US09-6996755
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR3* · Santa Monica, CA
Zoning SMR3* · permitted uses
SMR3* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
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
1962
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
7
Bathrooms
15
Lot
0.17 ac
Current owner
From public records · entity-resolved
96 Se 2112 Separate Prop Trust
Trust
Free & Clear · 7 yrs held
Mailing address
10573 W PICO BLVD #223, LOS ANGELES, CA 90064-2333
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jan 18, 2019
$3,100,000
96 Se 2112 Separate Prop Trust
Hains Arlee M Living Trust
Grant Deed
related
—
Dec 6, 2018
$3,100,000
Esfandi Seppi
Christina Hankwitz
Grant Deed
$1,460,000 · Jpmorgan Chase Bank NA
Dec 6, 2018
—
Sepehr Esfandi
Diana Esfandi
Intrafamily Transfer
related
—
Feb 1, 2006
—
Arlee M Hains
Arlee M Hains
Intrafamily Transfer
related
$775,000 · Washington Mutual Bank Fa
Sep 16, 2003
—
Hains,tr
Hains,arlee M
Quit Claim Deed
related
—
Sep 30, 1992
—
Arlee M Hains
Hains,arlee
Quit Claim Deed
related
$251,000 · American Savings 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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