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

    1871 9th St Santa Monica, CA 90404-4501

    • Investment properties
    • 5,496 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Jun 16, 2022
    $6,470,064
    Value Estimations
    $5,860,000
    Show details
    Cap Rate Potential
    2%
    Investment properties
    Location Intelligence
    Property ID
    US10-0311160
    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

    • Investment properties

    Property Details for 1871 9th St

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    5,496 SF
    Zone code
    SMR2*
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    4283-021-016
    APU
    4283021016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,680,000
      ML approach
      $5,675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,997,000
      Market price range: $2.70M - $7.04M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,180,000
      Current use
      OFFICE BUILDING
      $6,610,000
      Change: +58% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $6,485,000
      Change: +55% Conversion: Moderate
      RETAIL STORES
      $5,800,000
      Change: +39% Conversion: Easy
      RESTAURANT
      $3,580,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.482
    Latitude
    34.0133
    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
    $39,728
    $2,356,506
    $967,572
    $3,324,078
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,045,000
      5,500 SF

      Santa Monica, CA 90404

      OFFICE/RESIDENTIAL (MIXED USE) • 5,500 SF
      Santa Monica, CA 90404
      View Details
    • Value Estimation
      $3,640,000
      16,929 SF

      1434 Santa Monica Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 16,929 SF
      1434 Santa Monica Blvd, Santa Monica, CA 90404-1734
      View Details
    • Value Estimation
      $2,460,000
      11,341 SF

      2520 Santa Monica Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 11,341 SF
      2520 Santa Monica Blvd, Santa Monica, CA 90404-2012
      View Details
    • Value Estimation
      $690,000
      2,252 SF

      3127 Santa Monica Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,252 SF
      3127 Santa Monica Blvd, Santa Monica, CA 90404-2507
      View Details
    • Value Estimation
      $635,000
      3,105 SF

      1820 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,105 SF
      1820 Broadway, Santa Monica, CA 90404-2810
      View Details
    • Value Estimation
      $6,320,000
      4,033 SF

      1413 Michigan Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,033 SF
      1413 Michigan Ave, Santa Monica, CA 90404-5384
      View Details

    Similar Nearby for Sale

    • $2,970,000
      4,098 SF

      Cloverfield Creative Residences Live/Work Units

      Reimagined live/work units in Santa Monica's Media District.
      1411 Cloverfield Blvd, 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
    • $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
    • $3,950,000

      Santa Monica Multifamily Investment Opportunity

      Eleven-unit apartment building in desirable Santa Monica location for sale.
      1307 15Th St, Santa Monica, CA 90404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Santa Monica's Water Garden Office Space

      Mixed-use property near Santa Monica Pier with office, dining, amenities.
      2450 Colorado Ave, Santa Monica, CA 90404
      View Details
    • $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
    • $18 SF/Yr
      26,000 SF

      Prime Santa Monica Office Space

      26,000 SF Executive Office Suite
      1723 Cloverfield Blvd, 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
    • $12,000 /Mo
      3,000 SF

      Creative Office Space For Rent

      Creative office space in Santa Monica Media District.
      1725 Berkeley 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.
    1871 9th St
    Santa Monica, CA 90404-4501
    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.