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Property profile & analytics
OFF-MARKET
Estimated value
$43,610,000
Retail space
1637 Lincoln Blvd Santa Monica, CA 90404-3711
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6915896
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
WOOD
Total area
194,654 SF
Lot
0.84 ac (36,674 SF)
Zoning code
SMM1-C4
APN
4283-002-006
UPID
US09-6915896
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
$43.61M
Owner & transaction history
Fstar 1613 LLC · 2 yrs held
Fstar 1613 LLC
since 2023
7 recorded transactions
Zoning & alternative use
SMM1-C4 · 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
$224 / 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
$531,996
Tax year 2024
Assessed value
$32,536,587
Assessed 2024
Previous assessed
$32,536,587
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$15,453,224
Assessed improvement
$17,083,363
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Buildings
2
Units
191
Total area
194,654 SF
Lot
0.84 ac (36,674 SF)
Zoning code
SMM1-C4
APN
4283-002-006
UPID
US09-6915896
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMM1-C4 · Santa Monica, CAZoning SMM1-C4 · permitted uses
SMM1-C4 · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
NONE
Buildings
2
Units
191
Lot
0.84 ac
Current owner
From public records · entity-resolved
Fstar 1613 LLC
Entity
Mailing address
12121 S WILSHIRE BLVD STE #801, LOS ANGELES, CA 90025-1164
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 11, 2025
—
Fstar 1613 Owner LLC
—
Deed
related
$86,250,000 · Invesco Reit Investments Cu Seller LLC
Jul 25, 2024
—
Incref Investments Bmo Seller LLC
—
Deed
related
$85,180,000 · Incref Investments Bmo Seller LLC
Aug 7, 2023
—
Fstar 1613 LLC
Fstar 1613 LLC
Deed
related
$85,180,000 · Incref Investments Bmo Seller LLC
Mar 26, 2019
—
Fstar 1613 LLC
—
Grant Deed
related
$81,720,000 · Comerica Bk
Oct 19, 2012
$6,837,000
Fstar 1637 LLC
Pyramid Ventures LLC
Grant Deed
—
Oct 19, 2012
—
Pyramid Ventures LLC
—
Deed Of Trust
related
$6,500,000 · Us Bank NA Series 2006-top23
May 9, 2006
$9,425,000
Pyramid Ventures LLC
Cim 1637 Lincoln LP
Grant Deed
$6,500,000 · Wells Fargo Bank NA
Dec 17, 2004
—
1637 Lincoln Cim
Houlberg,j P
Grant Deed
related
—
Oct 24, 1996
—
Houlberg,jane Tr
—
Deed Of Trust
related
—
Aug 24, 1995
—
Houlberg,jane Trustee
Houlberg,j M
Quit Claim Deed
related
—
—
—
Houlberg J P
—
Deed Of Trust
related
$761,000 · Levinson Trust
—
—
Houlberg Trust
—
Deed Of Trust
related
$625,000 · Highland Federal 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.
Try Rey
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