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Property profile & analytics
OFF-MARKET
Estimated value
$6,515,000
Office buildings
1655 Euclid St, Santa Monica, CA 90404-3723
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6283017
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
TILT-UP CONCRETE
Total area
7,980 SF
Lot
0.17 ac (7,510 SF)
Zoning code
SMM1*
APN
4283-008-013
UPID
US09-6283017
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
-
Digital Nation Entertainment DJ & Entertainment Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.52M
Owner & transaction history
1655 57 Euclid Owner LLC · 4 yrs held
1655 57 Euclid Owner LLC
since 2021
Last sale
$6.3M
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
Method
Estimation
Statistic approach
$6,510,000
ML approach
$6,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,600,000
Current use
INDUSTRIAL (GENERAL)
$9,415,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$8,420,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$6.52M
Range $5.86M – $7.17M · ±10% · vs last sale $6.30M (Dec 17 2021)
Last sale anchor
$6.30M
Dec 17 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
$816 / 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
$91,025
Tax year 2024
Assessed value
$7,750,980
Assessed 2024
Previous assessed
$7,750,980
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$5,982,300
Assessed improvement
$1,768,680
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,980 SF
Lot
0.17 ac (7,510 SF)
Zoning code
SMM1*
APN
4283-008-013
UPID
US09-6283017
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$9.4M
RETAIL STORES
Est. value
$8.4M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1655 57 Euclid Owner LLC
Entity
Mailing address
2341 MICHIGAN AVE, SANTA MONICA, CA 90404-3907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$6,300,000
1655 57 Euclid Owner LLC
1655 Euclid Avenue Property LLC
Grant Deed
—
Apr 21, 2021
—
820 Roxbury LLC
—
Deed
related
$19,000,000 · Pmf Ca Reit LLC
Jun 20, 2018
—
1655 Euclid Avenue Property LLC
—
Deed
related
$3,000,000 · Community Bank
Mar 31, 2011
$3,050,000
1655 Euclid Avenue Prop LLC
Twc Holdings LLC
Grant Deed
$1,525,000 · Bank Of The West
Mar 18, 2005
—
Twc Holdings LLC
Thomas Winter Cooke INC
Quit Claim Deed
related
—
Dec 23, 2004
—
Philip Cooke
Cooke,philip
Quit Claim Deed
related
$284,686 · Zions First National Bank
Dec 18, 2003
—
Phillip Cooke
Cooke,kathleen
Quit Claim Deed
related
$443,800 · Vineyard Bank
Dec 18, 2003
$1,675,000
Mark Thomas
Britt,tr
Grant Deed
—
Aug 18, 2003
—
Britt,tr
Britt,joe F
Quit Claim Deed
related
—
Jun 27, 2000
$1,475,000
Joe F Britt
Greene,c M
Grant Deed
—
Jan 27, 2000
—
Charles M Greene
Mend LLC
Grant Deed
related
—
Nov 29, 1999
—
Mend,llc
Shtorch,j
Grant Deed
related
—
Jul 31, 1996
—
Anne E Green
Green,k D
Quit Claim Deed
related
—
Jul 31, 1996
$270,000
J Shtorch INC
Fremdling,john W
Trustees Deed
$145,000 · Seller
May 3, 1995
—
John W Fremdling
Fremdling,j W Trustee
Quit Claim Deed
related
—
—
—
Charles M Greene
—
Deed Of Trust
related
$881,250 · Bank Of America
—
—
Twc Holdings LLC
—
Deed Of Trust
related
$2,031,000 · Bank Of America
—
—
Twc Holdings LLC
—
Deed Of Trust
related
$500,000 · First Century 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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