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Property profile & analytics
OFF-MARKET
Estimated value
$5,795,000
Office buildings
1540 7th St, Santa Monica, CA 90401-2641
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6363478
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1986
Construction
WOOD
Total area
9,302 SF
Lot
0.17 ac (7,502 SF)
Zoning code
SMC3*
APN
4291-023-006
UPID
US09-6363478
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
-
Inviro Studios Film Production Television Studio
-
Mc Adams Financial Services Financial Advisor
-
The Bee Removers Garden Center
-
Salkow Law Law Firm
-
FindHire, Inc. Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.80M
Owner & transaction history
1540 7th Street Owner LLC · 4 yrs held
1540 7th Street Owner LLC
since 2022
Last sale
$6.1M
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
$5,620,000
ML approach
$5,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.80M
Range $5.22M – $6.37M · ±10% · vs last sale $6.05M (Feb 8 2022)
Last sale anchor
$6.05M
Feb 8 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
$623 / 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
$64,662
Tax year 2024
Assessed value
$5,251,671
Assessed 2024
Previous assessed
$5,251,671
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,716,382
Assessed improvement
$2,535,289
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
9,302 SF
Lot
0.17 ac (7,502 SF)
Zoning code
SMC3*
APN
4291-023-006
UPID
US09-6363478
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
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1540 7th Street Owner LLC
Entity
Mailing address
2341 MICHIGAN AVE, SANTA MONICA, CA 90404-3907
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
—
1540 7th Street Owner LLC
—
Deed
related
$5,125,000 · Lone Oak Fund LLC
Feb 8, 2022
$6,050,000
1540 7th Street Owner LLC
Golden Ocean LLC
Grant Deed
—
Sep 26, 2019
—
Golden Ocean LLC
—
Deed
related
$1,500,000 · Opus Bank
Oct 30, 2013
—
Golden Ocean LLC
Herman,ryan
Grant Deed
—
Nov 30, 2012
$4,350,000
Ryan Herman
Clpsm LLC
Grant Deed
—
Jul 21, 2006
$3,300,000
Clpsm
1540 7th St Associates
Grant Deed
—
Mar 2, 2004
—
1540 7th Street Associates LLC
Lethold,louis C
Grant Deed
related
—
Jul 8, 1988
$176,500
Lawrence Dumas
Leithold Louis C
Trustees Deed
related
—
Jul 8, 1988
—
Louis C Leithold
D
Trustees Deed
related
—
—
—
Leith
—
Deed Of Trust
related
$900,000 · Bank Of Beverly Hills
—
—
Dumas Lawrence
—
Deed Of Trust
related
$950,000 · Santa Monica Bank
—
—
Ryan Herman
—
Deed Of Trust
related
$1,600,000 · J P Morgan Chase Bank
—
—
1540 7th Street LLC
—
Deed Of Trust
related
$1,200,000 · First Regional 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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