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Property profile & analytics
OFF-MARKET
Estimated value
$9,780,000
High-rise multifamily apartments
1519 6th St Santa Monica, CA 90401-2525
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9168354
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2001
Construction
TILT-UP CONCRETE
Total area
47,170 SF
Lot
0.34 ac (14,994 SF)
Zoning code
SMC3*
APN
4291-023-022
UPID
US09-9168354
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
-
Living at Santa Monica Real Estate Agency
-
Amalfi Condominiums, Santa Monica Condominium Complex
-
Hotel santa monica Hotel & Motel
-
American Medical Aesthetics Medical Clinic Skin Care Clinic
-
Reel Actor Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.68M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.78M
Owner & transaction history
Pr Sm Amalfi LLC · 16 yrs held
Pr Sm Amalfi LLC
since 2009
7 recorded transactions
Zoning & alternative use
SMC3* · 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%
$12,650,000
6.5%
$11,675,000
7%
$10,845,000
Blend value · Realmo final
$9.78M
Range $8.80M – $10.76M · ±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
$207 / 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
$230,529
Tax year 2024
Assessed value
$18,810,495
Assessed 2024
Previous assessed
$18,810,495
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$7,593,087
Assessed improvement
$11,217,408
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
TILT-UP CONCRETE
Heating
NONE
Units
48
Total area
47,170 SF
Lot
0.34 ac (14,994 SF)
Zoning code
SMC3*
APN
4291-023-022
UPID
US09-9168354
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.
Building & site characteristics
From public records
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Units
48
Lot
0.34 ac
Current owner
From public records · entity-resolved
Pr Sm Amalfi LLC
Entity
Free & Clear · 16 yrs held
Mailing address
101 CALIFORNIA ST FL #40, SAN FRANCISCO, CA 94111-6127
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Sep 24, 2009
$7,000,000
Pr Sm Amalfi LLC
First American Title Ins
Trustees Deed
related
—
Sep 8, 2009
—
Pr Sm Amalfi LLC
Jsm Amalfi LLC
Deed In Lieu Of Foreclosure
related
—
Jun 20, 2003
—
Jsm Amalfi LLC
—
Deed Of Trust
related
$10,525,000 · Keycorp Real Estate Capital
May 14, 2003
—
Jsm Amalfi LLC
Broadway Professional Center
Quit Claim Deed
related
—
Dec 6, 2002
$1,926,000
Jsm Amalifi LLC
—
Grant Deed
related
—
Sep 27, 2002
—
Jsm Amalfi LLC
—
Deed Of Trust
related
$10,000,000 · Key Bank NA
Oct 24, 2000
—
Jsm Amalfi LLC
—
Grant Deed
related
$6,800,000 · China Trust Bank USA
Jun 28, 2000
$1,400,000
Jsm Amalfi LLC
Watson Trust
Grant Deed
—
Sep 18, 1996
—
Watson,michael C & Judi Trustees
Watson,m C & J
Quit Claim Deed
related
—
Mar 6, 1996
—
Michael C Watson
Watson M C Trustee,
Quit Claim Deed
related
—
—
—
Jsm Amalfi LLC
—
Deed Of Trust
related
—
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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