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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Motels
1667 Ocean Ave Santa Monica, CA 90401-3211
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-6361288
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1957
Construction
WOOD
Total area
6,236 SF
Lot
0.17 ac (7,507 SF)
Zoning code
SMCC*
APN
4290-015-005
UPID
US09-6361288
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
-
Ocean Lodge Santa Monica Beach Hotel Hotel & Motel
-
Bill McBride Office Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$600k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Rex Property Investment C Group LLC · 3 yrs held
Rex Property Investment C Group LLC
since 2023
6 recorded transactions
Zoning & alternative use
SMCC* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$87 / 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
$7,045
Tax year 2024
Assessed value
$475,625
Assessed 2024
Previous assessed
$475,625
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$300,429
Assessed improvement
$175,196
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
1957
Construction
WOOD
Heating
NONE
Stories
1
Units
17
Bathrooms
17
Total area
6,236 SF
Lot
0.17 ac (7,507 SF)
Zoning code
SMCC*
APN
4290-015-005
UPID
US09-6361288
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMCC* · Santa Monica, CA
Zoning SMCC* · permitted uses
SMCC* · 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.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Stories
1
Units
17
Bathrooms
17
Lot
0.17 ac
Current owner
From public records · entity-resolved
Rex Property Investment C Group LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1667 OCEAN AVE, SANTA MONICA, CA 90401-3211
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
—
Rex Property Investment C Group LLC
Daniel Patrick Gregory
Grant Deed
—
Jun 21, 2022
—
Daniel Patrick Gregory
Daniel Patrick Gregory
Intrafamily Transfer
related
—
Feb 5, 2021
—
Therese Bills
Jeannine Albertine Gregory
Affidavit Death Of Trustee/successor Trustee
—
Jan 14, 2020
—
Gregory,arthur J Trust
Jeannine A Gregory
Affidavit Of Death
related
—
Dec 27, 2019
—
Gregory,jeannine Trust
Jeannine Gregory
Quit Claim Deed
related
—
Dec 13, 2019
—
Gregory,arthur J Trust
Arthur J Gregory
Affidavit Of Death
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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