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Property profile & analytics
FOR SALE
Investment properties
1617 Broadway Santa Monica, CA 90404
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6574700
For Sale
1 / 62
$8,710,000
1617 Broadway, Santa Monica, CA 90404
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2002
Construction
WOOD
Total area
11,882 SF
Lot
0.17 ac (7,516 SF)
Zoning code
SMBCD*
APN
4282-019-013
UPID
US09-6574700
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
-
Alturas Films Film Production Television Studio
-
Chloe Arbiture Film Production Television Studio
-
FLORIAN STADLER CINEMATOGRAPHER Photography Service (Bike/Boat/Book/etc) Store
-
targetUonline Marketing & Advertising
-
Donut Shoppe productions Bakery Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.71M
Owner & transaction history
Fun Sm LLC · 3 yrs held
Fun Sm LLC
since 2022
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
SMBCD* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.3M
+58.1%
Industrial (general)
$14.0M
+55.0%
Retail stores
$12.5M
+38.6%
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
$8,125,000
ML approach
$8,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,040,000
Current use
OFFICE BUILDING
$14,295,000
Change: +58% · Conversion: Easy
INDUSTRIAL (GENERAL)
$14,015,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$12,535,000
Change: +39% · Conversion: Easy
RESTAURANT
$7,735,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$8.71M
Range $7.84M – $9.58M · ±10% · vs last sale $9.25M (Nov 7 2022)
Last sale anchor
$9.25M
Nov 7 2022
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
$733 / 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
$110,684
Tax year 2024
Assessed value
$9,435,000
Assessed 2024
Previous assessed
$9,435,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$5,661,000
Assessed improvement
$3,774,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
2002
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Units
4
Bathrooms
8
Total area
11,882 SF
Lot
0.17 ac (7,516 SF)
Zoning code
SMBCD*
APN
4282-019-013
UPID
US09-6574700
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBCD* · Santa Monica, CA
Zoning SMBCD* · permitted uses
SMBCD* · 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
COMMERCIAL (GENERAL) Current
Est. value
$9.0M
OFFICE BUILDING
Est. value
$14.3M
INDUSTRIAL (GENERAL)
Est. value
$14.0M
RETAIL STORES
Est. value
$12.5M
RESTAURANT
Est. value
$7.7M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2002
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Bathrooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
Fun Sm LLC
Entity
Mailing address
12121 WILSHIRE BLVD #111, LOS ANGELES, CA 90025-1123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$9,250,000
Fun Sm LLC
Broadway Rjt LLC
Grant Deed
—
Jun 15, 2020
—
Broadway Rjt LLC
—
Deed
related
$5,050,000 · Midfirst Bank
Sep 18, 2018
$10,650,000
Broadway Rjt LLC
Sumo Properties LLC
Grant Deed
$5,800,000 · Logix FCU
Jun 29, 2012
$6,300,000
Sumo Properties Lc
S2s Crossroads Assocs
Grant Deed
—
Jun 30, 2006
$5,450,000
S2s Crossroads Associates LLC
Westmark Harris R/e Invs IV
Grant Deed
$3,542,500 · First Republic Bank
Dec 23, 2002
—
Westmark Harrs Real Estate Inv
Westmark Harrs Real Estate Inv
Quit Claim Deed
related
—
Jan 16, 2001
—
Harris Real Estate Westmark
—
Grant Deed
related
$3,200,000 · Hawthorne Savings Bank Fsb
Dec 29, 1998
—
Harris Real Est Inv Westmark
—
Grant Deed
related
$1,967,000 · Santa Monica Bank
Sep 28, 1998
$630,000
Harris Real Estate In Westmark
Senehi,robert
Grant Deed
—
Mar 6, 1992
$550,000
Robert Senehi
Carter,clarence
Grant Deed
$250,000 · Great Western Bank
—
—
Robert Senehi
—
Deed Of Trust
related
$120,000 · Individual
—
—
Sumo Properties LLC
—
Deed Of Trust
related
$4,250,000 · Builders Bank
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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