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Property profile & analytics
OFF-MARKET
Estimated value
$5,235,000
Investment properties
1548 5th St Santa Monica, CA 90401-2235
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6998473
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2008
Construction
TILT-UP CONCRETE
Total area
20,400 SF
Lot
0.17 ac (7,486 SF)
Zoning code
SMC3C*
APN
4291-025-010
UPID
US09-6998473
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
-
Step Up Fifth Street Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.24M
Owner & transaction history
Step Up On Fifth · 21 yrs held
Step Up On Fifth
since 2004
7 recorded transactions
Zoning & alternative use
SMC3C* · 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%
$6,885,000
6.5%
$6,355,000
7%
$5,900,000
Blend value · Realmo final
$5.24M
Range $4.71M – $5.76M · ±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
$257 / 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
$96,438
Tax year 2024
Assessed value
$8,022,110
Assessed 2024
Previous assessed
$8,022,110
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$3,416,461
Assessed improvement
$4,605,649
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
5
Units
46
Bathrooms
46
Total area
20,400 SF
Lot
0.17 ac (7,486 SF)
Zoning code
SMC3C*
APN
4291-025-010
UPID
US09-6998473
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3C* · Santa Monica, CA
Zoning SMC3C* · permitted uses
SMC3C* · 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
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Units
46
Bathrooms
46
Lot
0.17 ac
Current owner
From public records · entity-resolved
Step Up On Fifth
Individual
Mailing address
3701 WILSHIRE BLVD STE #700, LOS ANGELES, CA 90010-2813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Jun 5, 2007
—
Step Up On Fifth
—
Trustees Deed
related
$230,000 · Step Up On Second Street INC
Feb 16, 2007
—
Step Up On Fifth
—
Trustees Deed
related
$3,284,388 · Bank Of America
Dec 22, 2004
$2,500,000
Step Up On Fifth
Valley Family Trust
Grant Deed
$1,985,000 · Redevelopment Agcy/city/santa
Dec 22, 2004
—
Vallely Family Trust
Vallely,jane B
Affidavit Of Death
related
—
Aug 4, 1995
—
Vallely,jane B Trustee
Vallely,j B Trustee
Quit Claim Deed
related
—
Nov 22, 1989
—
Vallely Fmly Tr
Vallely Alfred K
Quit Claim Deed
related
—
—
—
Step Up On Fifth
—
Deed Of Trust
related
$1,286,896 · Bank Of America
—
—
Step Up On Fifth
—
Deed Of Trust
related
$5,870,000 · Agency Of Santa Monica
—
—
Step Up On Fifth
—
Deed Of Trust
related
$1,500,000 · Step Up On Second Street INC
—
—
Step Up On Fifth
—
Deed Of Trust
related
$1,300,000 · City Of Santa Monica
Dec 13, 1968
$40,000
—
—
Grant Deed
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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