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Property profile & analytics
OFF-MARKET
Commercial land
1601 Olympic Blvd, Santa Monica, CA 90404-3822
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9190389
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.17 ac (7,495 SF)
Zoning code
SMM1*
APN
4283-010-001
UPID
US09-9190389
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
-
Designworks, A BMW Group Company Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sheriff Road LLC · 7 yrs held
Sheriff Road LLC
since 2019
7 recorded transactions
Zoning & alternative use
SMM1* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$32,483
Tax year 2024
Assessed value
$2,758,847
Assessed 2024
Previous assessed
$2,758,847
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,758,847
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.17 ac (7,495 SF)
Zoning code
SMM1*
APN
4283-010-001
UPID
US09-9190389
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMM1* · Santa Monica, CA
Zoning SMM1* · permitted uses
SMM1* · 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
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Sheriff Road LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1714 16TH ST, SANTA MONICA, CA 90404-4402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Foxborough Park INC
—
Deed
related
$12,100,000 · Banc Of California NA
Jan 17, 2020
—
Foxborough Park INC
—
Deed
related
$10,850,000 · Bank Leumi USA
Jun 24, 2019
$5,825,000
Sheriff Road LLC
Horrell 2004 Family Tru
Grant Deed
—
Jun 24, 2019
$4,500,000
Foxborough Park INC
Axline Family Trust
Grant Deed
—
Jun 24, 2019
—
Owner Name Unavailable
Horrell,stephen J
Affidavit Of Death
—
Dec 4, 2007
—
Rookus James D Family Trust
Rookus Virginia H Trust
Quit Claim Deed
related
—
Oct 30, 2007
—
Rookus James D Family Trust
Rookus Virginia H Trust
Quit Claim Deed
related
—
Jun 21, 2007
—
Cutting Family Trust
Cutting Winifred H Trust
Quit Claim Deed
related
—
Feb 15, 2005
—
Horrell Family 2004 Trust
Horrell,stephen J
Quit Claim Deed
related
—
May 20, 1993
—
Cutting,winifred H Tr Et Al
—
Deed Of Trust
related
—
May 19, 1993
—
Rookus,virginia H Tr Et Al
—
Deed Of Trust
related
—
Apr 5, 1993
—
Stephen J Et Al Horrell
—
Deed Of Trust
related
—
Oct 9, 1992
—
Stephen J Et Al Trs Horrell
—
Deed Of Trust
related
—
—
—
Foxborough Park INC
—
Deed Of Trust
related
$10,850,000 · Bank Leumi USA
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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