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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Investment properties
1605 Ocean Frnt Walk Santa Monica, CA 90401-3119
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6998476
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Construction
WOOD
Total area
4,608 SF
Lot
0.15 ac (6,429 SF)
Zoning code
SMRVC*
APN
4290-023-002
UPID
US09-6998476
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Russell 8 Santa Monica Proper · 9 yrs held
Russell 8 Santa Monica Proper
since 2016
7 recorded transactions
Zoning & alternative use
SMRVC* · 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
$222 / 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
$4,873
Tax year 2024
Assessed value
$272,912
Assessed 2024
Previous assessed
$272,912
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$230,481
Assessed improvement
$42,431
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
1924
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
4,608 SF
Lot
0.15 ac (6,429 SF)
Zoning code
SMRVC*
APN
4290-023-002
UPID
US09-6998476
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMRVC* · Santa Monica, CA
Zoning SMRVC* · permitted uses
SMRVC* · 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
1924
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Russell 8 Santa Monica Proper
Individual
Mailing address
22 ENCANTO DR, ROLLING HILLS ESTATES, CA 90274-4215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
—
Santa Monica Properties LLC
—
Deed
related
$10,000 · Bank Of The Sierra
Nov 20, 2019
—
Russell No 8 Santa Monica Prop
—
Deed
related
$150,000 · Mink Martin L & Kim Trust (rt)
Jun 26, 2018
—
Russell No 8 Santa Monica Prop
—
Grant Deed
related
$3,600,000 · Harrison Amy S Trust (pt)
Oct 25, 2017
—
Russell 8 Santa Monica Props
—
Deed
related
$127,500 · Ingrid Brewer
Aug 8, 2016
—
Russell 8 Santa Monica Proper
Russell Properties 8
Quit Claim Deed
—
Nov 24, 2009
—
Russell 8 Santa Monica Props
Russell Properties 8
Quit Claim Deed
$880,000 · Mink Family Trust
—
—
Russell No 8 Santa Monica Prop
—
Deed Of Trust
related
$560,000 · Gerber Richard M L/tr (lt)
—
—
Russell 8 Santa Monica Props
—
Deed Of Trust
related
$127,500 · Ingrid Brewer
—
—
Russell 8 Santa Monica Props
—
Deed Of Trust
related
$130,000 · Jay Brewer
—
—
Russell 8 Santa Monica Proper
—
Deed Of Trust
related
$150,000 · Mink Martin L & Kim Trust (rt)
—
—
Russell No 8 Santa Monica Prop
—
Deed Of Trust
related
$150,000 · Mink Martin L & Kim Trust (rt)
—
—
Russell 8 Santa Monica Props
—
Deed Of Trust
related
$100,000 · Nichols Marilyn S Trust
—
—
Russell No 8 Santa Monica Prop
—
Deed Of Trust
related
$548,055 · Nichols M S Separate P Tr (pt)
—
—
Russell No 8 Santa Monica Prop
—
Deed Of Trust
related
$150,000 · Mink Martin L & Kim Trust (rt)
—
—
Russell No 8 Santa Monica Prop
—
Deed Of Trust
related
$275,000 · Gros Invs Los Angeles Prop LLC
—
—
Russell 8 Santa Monica Props
—
Deed Of Trust
related
$100,000 · Gerber R M & A B Family Trust
—
—
Russell 8 Santa Monica Props
—
Deed Of Trust
related
$400,000 · Brewer Family Trust
—
—
Russell 8 Santa Monica Props
—
Deed Of Trust
related
$400,000 · Harrison Amy S Trust
Mar 7, 1968
—
—
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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