Back to Search
Property profile & analytics
FOR SALE
Medical Office Space
1670 Lincoln Blvd Santa Santa Monica, CA 90404
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0305317
For Sale
1 / 8
$26,000,000
1670 Lincoln Blvd,Unit Santa, Santa Monica, CA 90404
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
WOOD
Total area
4,717 SF
Lot
0.51 ac (22,345 SF)
Zoning code
SMC4*
APN
4290-002-010
UPID
US10-0305317
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
-
Mel's Drive-in Restaurant
-
Sunset Air Conditioning & Heating Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.60M
Owner & transaction history
Valuerock Mels Sm LLC · 5 yrs held
Valuerock Mels Sm LLC
since 2020
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
SMC4* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.7M
+164.7%
Retail stores
$5.0M
+132.1%
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
$8,535,000
ML approach
$8,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,675,000
Change: +165% · Conversion: Easy
RETAIL STORES
$4,975,000
Change: +132% · Conversion: Difficult
Blend value · Realmo final
$6.60M
Range $5.94M – $7.25M · ±10% · vs last sale $6.20M (Oct 7 2020)
Last sale anchor
$6.20M
Oct 7 2020
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
$1,398 / 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
$87,786
Tax year 2024
Assessed value
$6,579,489
Assessed 2024
Previous assessed
$6,579,489
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$6,048,885
Assessed improvement
$530,604
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
4,717 SF
Lot
0.51 ac (22,345 SF)
Zoning code
SMC4*
APN
4290-002-010
UPID
US10-0305317
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CA
Zoning SMC4* · permitted uses
SMC4* · 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
Est. value
$5.7M
RETAIL STORES
Est. value
$5.0M
OFFICE BUILDING
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
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Valuerock Mels Sm LLC
Entity
Mailing address
18301 VON KARMAN AVE STE #850, IRVINE, CA 92612-0105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
—
Valuerock Mels Sm LLC
—
Deed
related
$3,000,000 · Bank Of Jackson Hole
Oct 7, 2020
$6,200,000
Valuerock Mels Sm LLC
1670 Lincoln Blvd LLC
Grant Deed
$2,500,000 · 1670 Lincoln Blvd LLC
Feb 14, 2019
—
1670 Lincoln Blvd LLC
Dunlap,brodrick
Quit Claim Deed
$2,750,000 · Pmf Ca Reit LLC
Feb 12, 2015
—
Dunlap Brodrick
Pio Dunlap Brodrick
Intrafamily Transfer
related
$1,900,000 · Bofi Federal Bank
Jul 10, 1998
—
Broderick Dunlap
Dunlap,b
Quit Claim Deed
related
—
Jun 8, 1998
—
Broderick P Dunlap
Dunlap-childs,a
Quit Claim Deed
related
—
—
—
Anita Et Dunlap
—
Deed Of Trust
related
$425,000 · Lincoln National Bank
—
—
Brodrick P Dunlap
—
Deed Of Trust
related
$345,000 · Del Amo Savings Bank
—
—
Brodrick Dunlap
—
Deed Of Trust
related
$1,100,000 · Marbro Funding LLC
—
—
Anita Dunlap-childs
—
Deed Of Trust
related
$330,000 · Woodland Hills Mtg Banking Co
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?”
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.
