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Property profile & analytics
OFF-MARKET
Estimated value
$11,250,000
High-rise multifamily apartments
1560 Lincoln Blvd Santa Monica, CA 90401-2735
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0302163
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2022
Construction
WOOD
Total area
116,964 SF
Lot
0.86 ac (37,463 SF)
Zoning code
CCC3
APN
4291-022-027
UPID
US10-0302163
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
-
NMS Lincoln Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.27M
Blend (final)
Blend
$11.25M
Owner & transaction history
1550 Lincoln Fee Owner LLC · 2 yrs held
1550 Lincoln Fee Owner LLC
since 2024
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
CCC3 · 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
$11,250,000
ML approach
$11,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.25M
Range $10.13M – $12.38M · ±10% · vs last sale $11.25M (Jul 18 2024)
Last sale anchor
$11.25M
Jul 18 2024
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
$96 / 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
$919,721
Tax year 2024
Assessed value
$75,750,000
Assessed 2024
Previous assessed
$75,750,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$24,000,000
Assessed improvement
$51,750,000
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
2022
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
100
Bathrooms
2
Total area
116,964 SF
Lot
0.86 ac (37,463 SF)
Zoning code
CCC3
APN
4291-022-027
UPID
US10-0302163
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CCC3 · Santa Monica, CA
Zoning CCC3 · permitted uses
CCC3 · 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
2022
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
100
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
1550 Lincoln Fee Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
1550 Lincoln Fee Owner LLC
—
Deed
related
$71,000,000 · Mf1 Capital LLC
Jul 18, 2024
—
1550 Lincoln Fee Owner LLC
Ca Portfolio Holder LLC
Intrafamily Transfer
related
—
Dec 22, 2023
$368,665,973
1550 Lincoln Blvd Owner LLC
Nms1550lincoln LLC
Deed In Lieu Of Foreclosure
related
—
Dec 1, 2023
—
Nms 1550 Lincoln LLC
—
Deed
related
$43,350,000 · First Choice Bank
Apr 5, 2018
—
Nms 1550lincoln LLC
—
Deed
related
$59,500,000 · Preferred Bank
Mar 5, 2018
—
Nms1550lincoln LLC
—
Deed
related
—
Dec 26, 2017
—
Nms1550lincoln LLC
—
Deed
related
—
Feb 1, 2012
$11,250,112
Nms1550lincoln LLC
Fernando Morales
Grant Deed
$9,000,000 · Century Housing Corporation
Feb 1, 2012
—
Mcmanis,billie A Tr
Jack F Mcmanis
Affidavit Of Death
related
—
Oct 9, 1996
—
Mcmanis J F Al
—
Deed Of Trust
related
—
Jun 12, 1996
—
Mcmanis J F Al
—
Deed Of Trust
related
—
Apr 17, 1996
—
Morales,marilyn Tr Et Al
—
Deed Of Trust
related
—
May 16, 1994
—
Jean Decker
Santa,monica Bk
Grant Deed
related
—
—
—
Nms1550lincoln LLC
—
Loan Modification
related
—
—
—
Nms1550lincoln LLC
—
Loan Modification
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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