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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Apartment buildings
1524 17th St Santa Monica, CA 90404-3421
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US09-7892229
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1989
Construction
WOOD
Total area
8,122 SF
Lot
0.17 ac (7,497 SF)
Zoning code
SMR2*
APN
4282-036-005
UPID
US09-7892229
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Paclink INC · 29 yrs held
Paclink INC
since 1996
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$126 / 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
$16,289
Tax year 2024
Assessed value
$1,237,977
Assessed 2024
Previous assessed
$1,237,977
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$598,776
Assessed improvement
$639,201
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
1989
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
7
Bathrooms
16
Total area
8,122 SF
Lot
0.17 ac (7,497 SF)
Zoning code
SMR2*
APN
4282-036-005
UPID
US09-7892229
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
1989
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
7
Bathrooms
16
Lot
0.17 ac
Current owner
From public records · entity-resolved
Paclink INC
Entity
Mailing address
PO BOX 2915, PALOS VERDES PENINSULA, CA 90274-8915
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2020
—
Paclink INC
—
Deed
related
$2,250,000 · Cathay Bk
Sep 20, 2016
—
Paclink INC
—
Deed
related
$2,250,000 · Cathay Bk
Aug 13, 2010
—
Paclink INC
—
Deed Of Trust
related
$2,000,000 · Cathay Bank
Aug 23, 1996
—
Paclink INC
Jin,d W
Trustees Deed
related
—
Jul 31, 1996
—
Chee T Tsui
Leung,d N
Grant Deed
related
—
Dec 28, 1994
—
Doris N Leung
Leung,d N
Quit Claim Deed
related
—
Dec 22, 1994
—
Martin K Zitter
Zitter,c K
Quit Claim Deed
related
—
Dec 22, 1994
$661,363
Leung,doris N
Hamadani,farhad M
Trustees Deed
$495,900 · Home Savings Of America
Sep 21, 1990
—
Farhad Hamadani
Hamadani Farhad
Quit Claim Deed
related
$1,030,000 · Glendale Federal Bank
Jul 11, 1990
—
Farhad Hamadani
—
Grant Deed
related
$48,000 · International Bank
Jun 15, 1989
—
Martin K Zitter
Nakam
Quit Claim Deed
related
—
Jun 15, 1989
$150,000
Farhad Hamadani
Hamad
Grant Deed
related
$839,000 · International Bank
Nov 30, 1988
$80,000
Frank Piumetti
Hamadani Farhad
Quit Claim Deed
related
—
Nov 18, 1988
$490,000
Farhad Hamadani
Bagh
Grant Deed
$300,000 · Vip Trust Deed Co
Jan 5, 1988
—
Parviz Baghaei
Alaee
Quit Claim Deed
related
$140,000 · Great Western Bank
—
—
Parviz Baghaei
—
Deed Of Trust
related
$72,000 · Barmaan Jamshid
—
—
Paclink INC
—
Loan Modification
related
$2,250,000 · Cathay Bk
—
—
Paclink INC
—
Deed Of Trust
related
$460,000 · Eastern International Bank
—
—
Paclink INC
—
Loan Modification
related
$2,250,000 · Cathay Bk
—
—
Paclink INC
—
Deed Of Trust
related
$460,000 · Cathay Bank
—
—
Parviz Baghaei
—
Deed Of Trust
related
$60,000 · Barmaan Jamshid
—
—
Paclink INC
—
Deed Of Trust
related
$381,085 · Cathay Bank
—
—
Parviz Baghaei
—
Deed Of Trust
related
$35,000 · Broukhim Behzad
—
—
Paclink INC
—
Loan Modification
related
$1,500,000 · Cathay Bk
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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