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Property profile & analytics
OFF-MARKET
Estimated value
$15,255,000
Office buildings
1663 Euclid St, Santa Monica, CA 90404-3723
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6282981
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
WOOD
Total area
8,227 SF
Lot
0.17 ac (7,524 SF)
Zoning code
SMM1*
APN
4283-008-015
UPID
US09-6282981
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
-
Parkes Mac Donald Co Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.83M
Blend (final)
Blend
$15.26M
Owner & transaction history
Indian Paintbrush Productions LLC · 3 yrs held
Indian Paintbrush Productions LLC
since 2023
Last sale
$15.0M
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
$16,035,000
ML approach
$9,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,900,000
Current use
INDUSTRIAL (GENERAL)
$9,705,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$15.26M
Range $13.73M – $16.78M · ±10% · vs last sale $15.00M (Feb 7 2023)
Last sale anchor
$15.00M
Feb 7 2023
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
$1,854 / 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
$107,486
Tax year 2024
Assessed value
$9,180,000
Assessed 2024
Previous assessed
$9,180,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$6,120,000
Assessed improvement
$3,060,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
NONE
Stories
1
Bathrooms
2
Total area
8,227 SF
Lot
0.17 ac (7,524 SF)
Zoning code
SMM1*
APN
4283-008-015
UPID
US09-6282981
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
$9.9M
INDUSTRIAL (GENERAL)
Est. value
$9.7M
OFFICE BUILDING Current
INDUSTRIAL (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
1998
Construction
WOOD
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Indian Paintbrush Productions LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2200 PENNSYLVANIA AVE NW STE 800W, WASHINGTON, DC 20037-1731
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2023
$15,000,000
Indian Paintbrush Productions LLC
1663 Euclid LLC
Grant Deed
—
Aug 4, 2006
$5,000,000
1663 Euclid LLC
Euclid Street Studios LLC
Grant Deed
—
Feb 25, 1998
—
Euclid Street Studios LLC
—
Grant Deed
related
$1,000,000 · Santa Monica Bank
Jan 30, 1998
—
Euclid Street Studios
Bry,r
Grant Deed
related
—
Mar 25, 1997
$835,000
Richman Bry
Diamond,walter S
Grant Deed
—
—
—
Euclid Street Studios LLC
—
Deed Of Trust
related
—
—
—
Walter S Diamond
—
Deed Of Trust
related
$600,000 · Individual
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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