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Property profile & analytics
OFF-MARKET
Estimated value
$7,105,000
Warehouses
1634 20th St Santa Monica, CA 90404
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6931251
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1925
Construction
WOOD
Total area
11,064 SF
Lot
0.45 ac (19,662 SF)
Zoning code
SMLMSD*
APN
4275-025-002
UPID
US09-6931251
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
$7.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$7.11M
Owner & transaction history
1634 20th Street LP · 1 yrs held
1634 20th Street LP
since 2025
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
SMLMSD* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.7M
+259.0%
Commercial (general)
$8.4M
+159.0%
Restaurant
$7.2M
+121.6%
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
$8,510,000
ML approach
$7,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$11,670,000
Change: +259% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,420,000
Change: +159% · Conversion: Difficult
RESTAURANT
$7,205,000
Change: +122% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,735,000
Change: +107% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,120,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$7.11M
Range $6.39M – $7.82M · ±10% · vs last sale $7.15M (Nov 9 2021)
Last sale anchor
$7.15M
Nov 9 2021
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
$642 / 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
$88,697
Tax year 2024
Assessed value
$7,438,860
Assessed 2024
Previous assessed
$7,438,860
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$7,282,800
Assessed improvement
$156,060
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
11,064 SF
Lot
0.45 ac (19,662 SF)
Zoning code
SMLMSD*
APN
4275-025-002
UPID
US09-6931251
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMLMSD* · Santa Monica, CA
Zoning SMLMSD* · permitted uses
SMLMSD* · 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
RETAIL STORES
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$8.4M
RESTAURANT
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1925
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
0.45 ac
Current owner
From public records · entity-resolved
1634 20th Street LP
Entity
Mailing address
200 LINCOLN BLVD, VENICE, CA 90291-2810
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
$7,150,000
1634 20th Street LP
1634 20th Street Mgp LLC
Grant Deed
related
$36,027,000 · California Municipal Finance Author
Mar 18, 2025
—
1634 20th Street LP
—
Deed
related
$4,291,749 · Venice Community Housing Corporation
Nov 9, 2021
$7,150,000
1634 20th Street Mgp LLC
George Durgerian
Grant Deed
$10,673 · Corporation For Supportive Housing
Apr 29, 2021
—
George Durgerian
Geroge Durgerian
Intrafamily Transfer
related
—
Feb 2, 2021
—
Michael Durgerian
Jerry Durgerian
Intrafamily Transfer
related
—
Jul 17, 2020
—
Johnson,iris D Trust
Iris D Johnson
Affidavit Of Death
—
Jun 10, 2019
—
Durgerian,j & A Living Trust
Durgerian J & A Living Trust
Quit Claim Deed
related
—
Apr 9, 2018
—
Durgerian,j & A Living Trust
Durgerian,jerry
Quit Claim Deed
related
—
Nov 4, 2014
—
Johnson,iris D Trust
Johnson,iris
Quit Claim Deed
related
—
Apr 4, 2007
—
Johnson Iris D Tr
Durgerian,jack
Affidavit Of Death
—
Dec 12, 2005
—
Durgerian Jack Trust
Durgerian,jack
Quit Claim Deed
related
—
Jul 20, 1994
—
Johnson Richard W
Johnson,i Trustee
Quit Claim Deed
related
—
Jul 6, 1972
—
Iris Etal Johnson
—
Grant Deed
related
—
Jul 13, 1971
—
—
—
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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