Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,400,000
Motels
1661 Appian Way Santa Monica, CA 90401-3244
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6368549
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1948
Construction
WOOD
Total area
4,368 SF
Lot
0.1 ac (4,372 SF)
Zoning code
SMR3*
APN
4290-018-007
UPID
US09-6368549
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
-
Villa Appia Indoor Lodging Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.40M
Owner & transaction history
1661 Appian Way Properties LLC · 1 yrs held
1661 Appian Way Properties LLC
since 2024
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
SMR3* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.6M
+150.6%
Commercial (general)
$3.3M
+80.8%
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
$5,400,000
ML approach
$5,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,610,000
Change: +151% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,325,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$5.40M
Range $4.86M – $5.94M · ±10% · vs last sale $5.40M (Oct 2 2024)
Last sale anchor
$5.40M
Oct 2 2024
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
$1,236 / 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
$43,257
Tax year 2024
Assessed value
$3,617,421
Assessed 2024
Previous assessed
$3,617,421
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,947,533
Assessed improvement
$669,888
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Bathrooms
12
Total area
4,368 SF
Lot
0.1 ac (4,372 SF)
Zoning code
SMR3*
APN
4290-018-007
UPID
US09-6368549
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR3* · Santa Monica, CA
Zoning SMR3* · permitted uses
SMR3* · 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
$4.6M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
COMMERCIAL (GENERAL)
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
1948
Construction
WOOD
Heating
NONE
Stories
1
Units
6
Bathrooms
12
Lot
0.1 ac
Current owner
From public records · entity-resolved
1661 Appian Way Properties LLC
Entity
Mailing address
5134 KANAN RD, AGOURA HILLS, CA 91301-3349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
$5,400,000
1661 Appian Way Properties LLC
1661 Appian Way LP
Grant Deed
$2,600,000 · Hanmi Bank
Jan 11, 2021
—
1661 Appian Way LLP
—
Deed
related
$2,500,000 · Axos Bank
Oct 19, 2016
—
1661 Appian Way LP
Tova Kitron
Grant Deed
$2,200,000 · Bofi Federal Bank
May 8, 2006
$2,700,000
Tova Kitron
Alan Kapliow
Grant Deed
$1,540,000 · Luther Burbank Savings
Jan 21, 2005
$961,500
Awk Trust
Goldman Glenn L Trust
Grant Deed
—
Sep 21, 2001
—
Goldman,glenn L Tr
Goldman,g L
Quit Claim Deed
related
—
May 22, 1992
$576,000
Glenn L Goldman
Burgess,henry L
Grant Deed
$300,000 · California Center Bank
—
—
Tova Kitron
—
Deed Of Trust
related
$100,000 · Sexton Sherry (te)
—
—
Glenn L Goldman
—
Deed Of Trust
related
$400,000 · First Federal Savings & Loan
—
—
Tova Kitron
—
Deed Of Trust
related
$100,000 · Striepeke Family Trust
—
—
Goldman,tr
—
Deed Of Trust
related
$900,000 · Quaker City 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1661 Appian Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
