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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Apartment buildings
1533 Yale St C Santa Monica, CA 90404-3625
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0309359
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
4,851 SF
Lot
0.19 ac (8,140 SF)
Zoning code
SMR2*
APN
4267-025-015
UPID
US10-0309359
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
$2.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$2.33M
Owner & transaction history
Syowa Sangyo INC
Syowa Sangyo INC
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
SMR2* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+133.9%
Neighborhood: shopping center
$3.0M
+87.1%
Auto repair, garage
$2.2M
+42.2%
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
$2,500,000
ML approach
$2,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,580,000
Current use
COMMERCIAL (GENERAL)
$3,690,000
Change: +134% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,950,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,245,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$2,205,000
Change: +40% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,425,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10% · vs last sale $2.20M (Jul 10 2025)
Last sale anchor
$2.20M
Jul 10 2025
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
$479 / 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
$34,795
Tax year 2024
Assessed value
$2,868,916
Assessed 2024
Previous assessed
$2,868,916
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,122,416
Assessed improvement
$746,500
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
1957
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
6
Bathrooms
6
Total area
4,851 SF
Lot
0.19 ac (8,140 SF)
Zoning code
SMR2*
APN
4267-025-015
UPID
US10-0309359
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1957
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
6
Bathrooms
6
Lot
0.19 ac
Current owner
From public records · entity-resolved
Syowa Sangyo INC
Entity
Mailing address
11TH TOKYO JAPAN 105TH GINZA 6TH 11TH XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2025
$2,200,000
Syowa Sangyo INC
Entame Co Ltd
Grant Deed
—
Jun 26, 2023
—
Entame Co Ltd
—
Deed
related
$900,000 · Manufacturers Bank
Jan 29, 2021
$2,703,000
Entame Co Ltd
Open House Investments LLC
Grant Deed
—
Oct 30, 2020
—
Jon Ho
Ho Minne
Quit Claim Deed
related
—
Oct 30, 2020
$2,127,500
Open House Investments LLC
Alexander Ho
Grant Deed
—
Dec 19, 2019
—
Alexander Ho
1533yale LLC
Quit Claim Deed
—
May 25, 2016
—
1533yale LLC
—
Deed
related
$750,100 · Jpmorgan Chase Bank NA
Jul 1, 2011
—
1533 Yale LLC
Ho,alexander
Quit Claim Deed
related
—
May 27, 2010
—
Jon Ho
Ho,minne
Quit Claim Deed
related
—
May 27, 2010
$1,246,500
Ho Alexander
Hollie Spencer
Grant Deed
$750,000 · Jpmorgan Chase Bank NA
Nov 17, 2009
—
Spencer R A & B B 1990 Trust
Spencer,robert A
Affidavit Of Death
related
—
Mar 28, 2005
—
Spencer R A & B B 1990 Trust
Spencer R A & B B 1990 Trust
Quit Claim Deed
related
—
—
—
Spencer R A & B B 1990 Trust
—
Deed Of Trust
related
$1,800,000 · California United 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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