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Property profile & analytics
OFF-MARKET
Estimated value
$41,030,000
Manufacturing properties
1723 Cloverfield Blvd Santa Monica, CA 90404-4007
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0312014
Property summary
AI-generated overview
This exceptional 26,000-square-foot executive office space is available for lease in the highly desirable Santa Monica, California market. Located at 1723 Cloverfield Blvd, 90404, this single-tenant property offers unparalleled convenience and prestige. The building boasts a total of 26,000 square feet, all of which is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a substantial and well-appointed space in a prime location. The property features ample parking, with approximately 90 free parking spaces available for tenants and their guests. The property's location in Los Angeles County, within the vibrant city of Santa Monica, provides easy access to major transportation arteries, upscale amenities, and a thriving business community. The APN for this property is 4268-014-014. This is a rare opportunity to secure a significant and well-situated office space in one of California's most sought-after business districts. The property's size and amenities make it ideal for a large corporation or a group of businesses seeking a collaborative environment. Don't miss this chance to establish your business in a prestigious and convenient location. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1953
Construction
TILT-UP CONCRETE
Total area
25,600 SF
Lot
1.15 ac (50,135 SF)
Zoning code
SMLMSD*
APN
4268-014-014
UPID
US10-0312014
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
-
Gumbiner Savett Inc: Colin Valerie CPA Accounting Firm Tax Preparation
-
Vastu Works Architect
-
BPM LLP Accounting Firm
-
Lionel B. Sanders, CPA Accounting Firm Tax Preparation
-
Gumbiner Savett Inc: Vincent Cynthia CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$47.53M
Blend (final)
Blend
$41.03M
Owner & transaction history
1723 Cloverfield Dev LLC · 1 yrs held
1723 Cloverfield Dev LLC
since 2024
Last sale
$40.0M
3 recorded transactions
Zoning & alternative use
SMLMSD* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$30.8M
+2.0%
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
$36,590,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$30,200,000
Current use
OFFICE BUILDING
$30,800,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$27,005,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$41.03M
Range $36.93M – $45.13M · ±10% · vs last sale $40.00M (Jan 31 2023)
Last sale anchor
$40.00M
Jan 31 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
$1,603 / 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
$464,815
Tax year 2024
Assessed value
$39,780,000
Assessed 2024
Previous assessed
$39,780,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$38,760,000
Assessed improvement
$1,020,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
25,600 SF
Lot
1.15 ac (50,135 SF)
Zoning code
SMLMSD*
APN
4268-014-014
UPID
US10-0312014
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMLMSD* · Santa Monica, CA
Zoning SMLMSD* · permitted uses
SMLMSD* · 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
INDUSTRIAL (GENERAL) Current
Est. value
$30.2M
OFFICE BUILDING
Est. value
$30.8M
RETAIL STORES
Est. value
$27.0M
INDUSTRIAL (GENERAL) Current
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
1953
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
1723 Cloverfield Dev LLC
Entity
Mailing address
10960 WILSHIRE BLVD STE #800, LOS ANGELES, CA 90024-3711
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
$30,000,000
1723 Cloverfield Dev LLC
1723 Cloverfield LLC
Trust Deed
related
$29,500,000 · 1723 Cloverfield Partners LLC
Jan 31, 2023
$40,000,000
1723 Cloverfield LLC
1723 Cloverfield Partners LLC
Grant Deed
$35,000,000 · 1723 Cloverfield Partners LLC
—
—
1723 Cloverfield Patners
—
Deed Of Trust
related
$5,000,000 · Union Bank Of California
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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