Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1756 22nd St Santa Monica, CA 90404-3921

    • Manufacturing properties
    • 9,900 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Oct 18, 2021
    $16,500,165
    Value Estimations
    $16,850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0305190
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fleur Collection / Home Goods Store
    • PERMIT MY PROPERTY Co. LLC / Building Design Company / Building Consultant
    • Davis Design & Development / Interior Designer
    • Andrews Group / Architect

    Property Details for 1756 22nd St

    Year built
    1956
    Construction
    TILT-UP CONCRETE
    Lot size
    0.34 lot acres
    Property size
    9,900 SF
    Zone code
    SMLMSD*
    Property type
    Manufacturing properties
    APN
    4275-031-016
    APU
    4275031016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $16,020,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,380,000
      Market price range: $6.71M - $18.4M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $11,680,000
      Current use
      OFFICE BUILDING
      $11,910,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $10,445,000
      Change: -11% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.472
    Latitude
    34.0244
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $59,462
    $10,924,200
    $1,902,520
    $12,826,720
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,220,000
      14,958 SF

      1657 12th St

      MANUFACTURING (LIGHT) • 14,958 SF
      1657 12th St, Santa Monica, CA 90404-3709
      View Details
    • Value Estimation
      $505,000
      5,532 SF

      1725 Berkeley St

      MANUFACTURING (LIGHT) • 5,532 SF
      1725 Berkeley St, Santa Monica, CA 90404-4104
      View Details
    • Value Estimation
      $1,330,000
      15,000 SF

      2110 Broadway

      MANUFACTURING (LIGHT) • 15,000 SF
      2110 Broadway, Santa Monica, CA 90404-2912
      View Details
    • Value Estimation
      $1,940,000
      23,925 SF

      2202 Broadway

      MANUFACTURING (LIGHT) • 23,925 SF
      2202 Broadway, Santa Monica, CA 90404-2914
      View Details
    • Value Estimation
      $570,000
      5,570 SF

      1548 18th St

      MANUFACTURING (LIGHT) • 5,570 SF
      1548 18th St, Santa Monica, CA 90404-3404
      View Details
    • Value Estimation
      $740,000
      6,988 SF

      1831 Colorado Ave

      MANUFACTURING (LIGHT) • 6,988 SF
      1831 Colorado Ave, Santa Monica, CA 90404-3447
      View Details

    Similar Nearby for Sale

    • $12,610,800
      16,272 SF

      Santa Monica Warehouse For Sale

      16,272 SF Warehouse, $775/SF
      2948 Colorado Ave, Santa Monica, CA 90404
      View Details
    • $4,450,000
      5,900 SF

      Santa Monica Flex Space - $4.45M

      Prime Santa Monica flex space, 5,900 SF, net lease.
      1601 Colorado Ave, Santa Monica, CA 90404
      View Details
    • $4,000,000
      5,570 SF

      Light Industrial/Office Building For Sale

      Light industrial/office building with investment or owner-user potential.
      1548-1550 18Th St, Santa Monica, CA 90404
      View Details
    • $10,750,000
      7,762 SF

      Santa Monica Creative Office Building

      Prime redevelopment opportunity, 7,762 SF.
      1718 20Th St, Santa Monica, CA 90404
      View Details
    • $3,250,000
      7,500 SF

      Santa Monica Residential Development Opportunity

      Land available for residential development in Santa Monica.
      1447 18Th St, Santa Monica, CA 90404
      View Details
    • $5,750,000
      10,671 SF

      Santa Monica 12-Unit Apartment Building

      12-unit apartment building in Santa Monica with upside potential.
      Arizona Ave, Santa Monica, CA 90404
      View Details

    Similar Nearby for Lease

    • $61 SF/Yr
      6,701 SF

      Santa Monica Creative Office Space

      Modern office, ideal for post-production. Multiple suites available.
      1907 Olympic Blvd, Santa Monica, CA 90404
      View Details
    • $2 SF/Yr
      8,921 SF

      Santa Monica Warehouse Space Available

      Industrial warehouse space for lease in Santa Monica, CA.
      1523-1527 26Th St, Santa Monica, CA 90404
      View Details
    • $3 SF/Yr
      3,565 SF

      Santa Monica Creative/Flex Space

      Creative/flex space available for rent in Santa Monica.
      2884-2908 Colorado Ave, Santa Monica, CA 90404
      View Details
    • $2 SF/Yr
      7,500 SF

      Santa Monica Industrial Office Space

      Freestanding industrial office space for lease in Santa Monica.
      2230 Michigan Ave, Santa Monica, CA 90404
      View Details
    • $33 SF/Yr
      5,449 SF

      Santa Monica Creative Office Space

      5,449 SF Single-Tenant Office in Prime Location
      1527 26Th St, Santa Monica, CA 90404
      View Details
    • $3 SF/Yr
      2,528 SF

      Santa Monica Flex Space Available

      Flex space featuring high ceilings, loading door, and mezzanine office.
      1631-1645 17Th St, Santa Monica, CA 90404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1756 22nd St
    Santa Monica, CA 90404-3921
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.