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Property profile & analytics
OFF-MARKET
Estimated value
$16,195,000
High-rise multifamily apartments
1448 5th St Santa Monica, CA 90401
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US09-6886419
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2001
Construction
WOOD
Total area
67,934 SF
Lot
0.52 ac (22,474 SF)
Zoning code
SMC3C*
APN
4291-018-023
UPID
US09-6886419
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
-
Qualified Carpet cleaning service Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.20M
Owner & transaction history
Asn Santa Monica LLC · 23 yrs held
Asn Santa Monica LLC
since 2003
7 recorded transactions
Zoning & alternative use
SMC3C* · 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%
$18,220,000
6.5%
$16,815,000
7%
$15,615,000
Blend value · Realmo final
$16.20M
Range $14.58M – $17.81M · ±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
$238 / 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
$575,717
Tax year 2024
Assessed value
$48,309,978
Assessed 2024
Previous assessed
$48,309,978
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$13,545,713
Assessed improvement
$34,764,265
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
2001
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
101
Bathrooms
99
Total area
67,934 SF
Lot
0.52 ac (22,474 SF)
Zoning code
SMC3C*
APN
4291-018-023
UPID
US09-6886419
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3C* · Santa Monica, CA
Zoning SMC3C* · permitted uses
SMC3C* · 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
2001
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
101
Bathrooms
99
Lot
0.52 ac
Current owner
From public records · entity-resolved
Asn Santa Monica LLC
Entity
Mailing address
PO BOX 87407, CHICAGO, IL 60680-0407
Ownership since
2003
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
Mar 4, 2013
—
Asn Santa Monica LLC
—
Deed Of Trust
related
$1,265,805,659 · Federal National Mortgage Assn
Apr 16, 2003
—
Asn Santa Monica LLC
425 Broadway LLC
Grant Deed
related
—
Dec 22, 1998
—
425 Broadway LLC
—
Grant Deed
related
$9,531,000 · Hawthorne Savings Bank Fsb
Oct 23, 1998
—
425 Broadway LLC
—
Grant Deed
related
$1,200,000 · Hawthorne Savings Bank Fsb
Apr 24, 1998
—
425 Broadway
Valleyheart 3,
Grant Deed
related
—
Aug 12, 1997
$1,925,000
Valleyheart 3 LP
Sam,robert & Marilynn
Grant Deed
$1,300,000 · Cenfed Bank
—
—
425 Broadway LLC
—
Deed Of Trust
related
$12,800,000 · Comerica Bank California
—
—
425 Broadway LLC
—
Deed Of Trust
related
$1,350,000 · Hawthorne Savings Bank Fsb
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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