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Property profile & analytics
OFF-MARKET
Estimated value
$7,270,000
Community centers
1600 Santa Monica Blvd, Santa Monica, CA 90404-1808
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0319520
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1977
Construction
WOOD
Total area
8,836 SF
Lot
0.52 ac (22,500 SF)
Zoning code
SMC4*
APN
4282-019-027
UPID
US10-0319520
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
-
KeyMe Locksmiths Locksmith
-
7-Eleven Grocery & Convenience Store
-
Amazon Locker - Andes Courier Service Postal Service
-
ATM 7ELEVEN, INC. Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.27M
Owner & transaction history
West Bay Holding One LLC · 1 yrs held
West Bay Holding One LLC
since 2025
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
SMC4* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.6M
+97.7%
Industrial (general)
$10.4M
+93.8%
Retail stores
$9.3M
+73.3%
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
$6,875,000
ML approach
$7,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,380,000
Current use
OFFICE BUILDING
$10,630,000
Change: +98% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$10,425,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$9,320,000
Change: +73% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,725,000
Change: +25% · Conversion: Easy
RESTAURANT
$5,755,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$7.27M
Range $6.54M – $8.00M · ±10% · vs last sale $7.50M (Feb 14 2025)
Last sale anchor
$7.50M
Feb 14 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
$823 / 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
$73,398
Tax year 2024
Assessed value
$6,096,772
Assessed 2024
Previous assessed
$6,096,772
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$4,889,494
Assessed improvement
$1,207,278
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,836 SF
Lot
0.52 ac (22,500 SF)
Zoning code
SMC4*
APN
4282-019-027
UPID
US10-0319520
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CA
Zoning SMC4* · permitted uses
SMC4* · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.4M
OFFICE BUILDING
Est. value
$10.6M
INDUSTRIAL (GENERAL)
Est. value
$10.4M
RETAIL STORES
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$6.7M
RESTAURANT
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
West Bay Holding One LLC
Entity
Mailing address
881 ALMA REAL DR STE #116, PACIFIC PALISADES, CA 90272-3749
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
Feb 14, 2025
$7,500,000
West Bay Holding One LLC
Village Square Partners LLC
Grant Deed
—
Feb 18, 2020
—
Village Square Partners LLC
—
Deed
related
$4,100,000 · Miscellaneous Ins Co
Nov 15, 2012
$5,050,000
Village Square Partners LLC
Sadlier Living Trust
Grant Deed
—
Oct 27, 2008
—
Salatich John L Living Trust
Salatich Living Trust
Quit Claim Deed
related
—
Oct 15, 2008
—
Sadlier Living Trust
Salatich Living Trust
Grant Deed
related
$210,000 · Rifkind Family Trust
Dec 1, 1992
—
Salatich John L Co Tr
—
Deed Of Trust
related
—
Apr 27, 1992
—
Salatich John L Co Tr
—
Deed Of Trust
related
—
—
—
John L Salatich
—
Deed Of Trust
related
$325,000 · South Coast Thrift & Loan
—
—
Salier Living Trust
—
Deed Of Trust
related
$210,000 · Richard P & Margaret G Lebert
—
—
Village Square Partners LLC
—
Deed Of Trust
related
$2,700,000 · First Century Bank
—
—
Sadlier Living Trust
—
Deed Of Trust
related
$500,000 · Standard Insurance Co
—
—
Village Square Partners LLC
—
Deed Of Trust
related
$4,100,000 · Miscellaneous Ins Co
—
—
Sadlier Living Trust
—
Deed Of Trust
related
$330,000 · Lebert Trust
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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