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Property profile & analytics
OFF-MARKET
Estimated value
$6,960,000
Data centers and call centers
1519 26th St Santa Monica, CA 90404-3507
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-0309212
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
2005
Construction
TILT-UP CONCRETE
Total area
5,412 SF
Lot
0.17 ac (7,384 SF)
Zoning code
SMLMSD*
APN
4267-022-004
UPID
US10-0309212
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
-
AKeyMark Law Firm
-
SHERMAN IP LLP Law Firm
-
Should I Copyright or Trademark My Logo Consultant
-
Noise Floor Post Recording Studio
-
Framework Sound Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.27M
Blend (final)
Blend
$6.96M
Owner & transaction history
Variel Court LP · 4 yrs held
Variel Court LP
since 2022
Last sale
$7.7M
7 recorded transactions
Zoning & alternative use
SMLMSD* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.5M
+68.1%
Industrial (general)
$6.4M
+64.8%
Retail stores
$5.7M
+47.4%
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
$5,025,000
ML approach
$6,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,510,000
Change: +68% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,385,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$5,710,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$6.96M
Range $6.26M – $7.66M · ±10% · vs last sale $7.73M (Jan 4 2022)
Last sale anchor
$7.73M
Jan 4 2022
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
$1,286 / 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
$94,068
Tax year 2024
Assessed value
$8,037,090
Assessed 2024
Previous assessed
$8,037,090
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$6,762,600
Assessed improvement
$1,274,490
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
Data centers and call centers
Use group
RADIO OR TV STATION
Status
Off-Market
Year built
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Total area
5,412 SF
Lot
0.17 ac (7,384 SF)
Zoning code
SMLMSD*
APN
4267-022-004
UPID
US10-0309212
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMLMSD* · Santa Monica, CA
Zoning SMLMSD* · permitted uses
SMLMSD* · 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
OFFICE BUILDING
Est. value
$6.5M
INDUSTRIAL (GENERAL)
Est. value
$6.4M
RETAIL STORES
Est. value
$5.7M
OFFICE BUILDING
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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Variel Court LP
Entity
Mailing address
1519 26TH ST, SANTA MONICA, CA 90404-3507
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$7,725,000
Variel Court LP
Colorado Park Ventures LLC
Grant Deed
—
Jan 2, 2014
$3,875,000
Colorado Park Ventures LLC
Ken Dahlinger
Grant Deed
$3,100,000 · Union Bank NA
May 14, 2003
—
Ken Dahlinger
—
Trustees Deed
related
$1,239,000 · Inland Community Bank
Aug 3, 1998
$500,000
Ken Dahlinger
Leitch Trust
Grant Deed
$350,000 · Seller
Oct 23, 1996
$477,959
Leitch Trust
California Land & Water
Trustees Deed
—
Sep 11, 1990
$50,000
Jack Stern
Cal Land & Water
Grant Deed
related
—
Feb 23, 1990
$600,000
Cal Land
Leit
Grant Deed
$500,000 · Leitch James K&f
May 22, 1989
—
Paul C Abbott
Abbot
Quit Claim Deed
related
—
—
—
Jack Stern
—
Deed Of Trust
related
$93,128 · Individual
—
—
Kenneth R Dahlinger
—
Deed Of Trust
related
$425,000 · Centennial Bank
—
—
Ken Dahlinger
—
Deed Of Trust
related
$1,528,788 · Bank Of America
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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