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Property profile & analytics
OFF-MARKET
Estimated value
$7,030,000
Investment properties
1828 Broadway Santa Monica, CA 90404-5419
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6996738
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1997
Construction
WOOD
Total area
8,996 SF
Lot
0.11 ac (5,000 SF)
Zoning code
SMBCD*
APN
4275-013-001
UPID
US09-6996738
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
-
Virtual Office and Assistant Available Medical Clinic Skin Care Clinic
-
Nemberala Beach Resort Corporate Office
-
Pain Management - Alternative Medicine - Chinese Medicine Physician
-
Rolfing - Qigong - Chinese Herbs Physician
-
Santa Monica Roofing & Repair Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.04M
Blend (final)
Blend
$7.03M
Owner & transaction history
1828 Broadway LLC · 4 yrs held
1828 Broadway LLC
since 2022
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
SMBCD* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.8M
+58.1%
Industrial (general)
$10.6M
+55.0%
Retail stores
$9.5M
+38.6%
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
$6,585,000
ML approach
$6,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,845,000
Current use
OFFICE BUILDING
$10,825,000
Change: +58% · Conversion: Easy
INDUSTRIAL (GENERAL)
$10,615,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$9,490,000
Change: +39% · Conversion: Easy
RESTAURANT
$5,860,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$7.03M
Range $6.33M – $7.73M · ±10% · vs last sale $7.50M (Jan 24 2022)
Last sale anchor
$7.50M
Jan 24 2022
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
$781 / 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
$55,523
Tax year 2024
Assessed value
$4,681,800
Assessed 2024
Previous assessed
$4,681,800
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,901,500
Assessed improvement
$780,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
8,996 SF
Lot
0.11 ac (5,000 SF)
Zoning code
SMBCD*
APN
4275-013-001
UPID
US09-6996738
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBCD* · Santa Monica, CA
Zoning SMBCD* · permitted uses
SMBCD* · 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
COMMERCIAL (GENERAL) Current
Est. value
$6.8M
OFFICE BUILDING
Est. value
$10.8M
INDUSTRIAL (GENERAL)
Est. value
$10.6M
RETAIL STORES
Est. value
$9.5M
RESTAURANT
Est. value
$5.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
1997
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
1828 Broadway LLC
Entity
Mailing address
8605 SANTA MONICA BLVD #29406, LOS ANGELES, CA 90069-4109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
$7,500,000
1828 Broadway LLC
David Berrent
Deed
—
Oct 22, 2010
—
Ghermezian Kamran Trust
Ghermezian,kamran
Quit Claim Deed
related
—
Sep 29, 1999
—
Kamran Ghermezian
Ghermezian,e
Quit Claim Deed
related
—
Sep 16, 1998
—
Kamran Ghermezian
—
Deed Of Trust
related
—
May 29, 1998
—
Ghermezian Eshagh Et Al
—
Deed Of Trust
related
—
Jun 30, 1995
—
Eshagh Ghermezian
—
Deed Of Trust
related
—
Sep 19, 1991
—
Kamra Ghermezian
Chermezian,eshac
Quit Claim Deed
related
$521,000 · Government Funding
—
—
Ghermezian,kamran Trust
—
Loan Modification
related
$630,000 · Gbc International Bank
—
—
Kamran Ghermezian
—
Deed Of Trust
related
$850,000 · Guaranty Bank California
—
—
Kamran Ghermezian
—
Deed Of Trust
related
$829,633 · Guaranty Bank California
—
—
Kamran Ghermezian
—
Deed Of Trust
related
$270,000 · Oakwood Financial Group
—
—
Eshagh Ghermezian
—
Deed Of Trust
related
$100,000 · Oakwood Financial Group
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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