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Property profile & analytics
OFF-MARKET
Estimated value
$11,115,000
Data centers and call centers
1809 Olympic Blvd Santa Monica, CA 90404-3813
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6283007
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
2003
Construction
CONCRETE
Total area
8,333 SF
Lot
0.18 ac (8,001 SF)
Zoning code
SMM1*
APN
4275-026-015
UPID
US09-6283007
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
-
Windmark Recording Recording Studio
-
Draya's Rescue Maintenance Auto Parts Store
-
Pen Station Studios Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.73M
Blend (final)
Blend
$11.12M
Owner & transaction history
Rule 1 Studios LLC · 4 yrs held
Rule 1 Studios LLC
since 2021
Last sale
$11.6M
7 recorded transactions
Zoning & alternative use
SMM1* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.0M
+68.1%
Industrial (general)
$9.8M
+64.8%
Retail stores
$8.8M
+47.4%
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
$10,460,000
ML approach
$9,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,025,000
Change: +68% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,830,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$8,790,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$11.12M
Range $10.00M – $12.23M · ±10% · vs last sale $11.55M (Nov 17 2021)
Last sale anchor
$11.55M
Nov 17 2021
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
$1,334 / 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
$149,899
Tax year 2024
Assessed value
$12,859,620
Assessed 2024
Previous assessed
$12,859,620
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$10,404,000
Assessed improvement
$2,455,620
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
Data centers and call centers
Use group
RADIO OR TV STATION
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Total area
8,333 SF
Lot
0.18 ac (8,001 SF)
Zoning code
SMM1*
APN
4275-026-015
UPID
US09-6283007
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
Est. value
$10.0M
INDUSTRIAL (GENERAL)
Est. value
$9.8M
RETAIL STORES
Est. value
$8.8M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2003
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Rule 1 Studios LLC
Entity
Mailing address
14 PENN PLZ18THFL, NEW YORK, NY 10122-0049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2021
$11,550,000
Rule 1 Studios LLC
1809 Investment LLC
Grant Deed
$7,250,000 · First Republic Bank
Nov 17, 2021
—
First Republic Bank
Rule 1 Studios LLC
Assignment Of Deed
—
Nov 30, 2012
$4,975,000
1809 Investments LLC
Harris & Lewis LLC
Grant Deed
—
Oct 30, 2003
—
Harris & Lewis LLC
1809 Olympic Boulevard LLC
Grant Deed
$3,003,000 · Us Bank NA
Jun 10, 2002
—
1809 Olympic Blvd LLC
—
Trustees Deed
related
$1,590,000 · First Regional Bank
Apr 17, 2000
$795,000
Preminger,judy
Prado,miguel & Amria E
Trustees Deed
—
Apr 17, 2000
—
Judith W Preminger
Preminger,j
Quit Claim Deed
related
—
Jun 9, 1997
—
Miguel Prado
Prado,m
Quit Claim Deed
related
—
Dec 27, 1996
—
Miguel Prado
Barragan,m E
Quit Claim Deed
related
—
Dec 27, 1996
$210,000
Prado,miguel
Jimenez,manuel & Evangelina
Trustees Deed
$130,000 · Banco Popuplar National Assn
Jan 4, 1996
$310,000
Manuel Jimenez
Garcia Trust
Grant Deed
$100,000 · Community Thrift & Loan
—
—
Harris & Lewis LLC
—
Deed Of Trust
related
$4,980,000 · Suntrust Bank NA
—
—
Garcia Trust
—
Deed Of Trust
related
$110,000 · 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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