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Property profile & analytics
FOR LEASE
Medical Office Space
1908 Santa Monica Blvd Santa Monica, CA 90404
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7810820
For Lease
1 / 5
$1,975,000
1908 Santa Monica Blvd, Santa Monica, CA 90404
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1946
Construction
TILT-UP CONCRETE
Total area
12,566 SF
Lot
0.52 ac (22,500 SF)
Zoning code
SMC4*
APN
4275-009-019
UPID
US09-7810820
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
-
Richard J Kim DDS Dental Office
-
Face Lift Dentistry by Sam Muslin DDS Dental Office
-
Santa Monica Eye Medical Group Medical Clinic Ophthalmologist
-
White Medical Center Parking Lot & Garage
-
Braun Maria M MD Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
1908 Santa Monica LLC · 8 yrs held
1908 Santa Monica LLC
since 2017
7 recorded transactions
Zoning & alternative use
SMC4* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$157 / 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
$151,259
Tax year 2024
Assessed value
$12,828,466
Assessed 2024
Previous assessed
$12,828,466
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$10,039,670
Assessed improvement
$2,788,796
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
12,566 SF
Lot
0.52 ac (22,500 SF)
Zoning code
SMC4*
APN
4275-009-019
UPID
US09-7810820
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CA
Zoning SMC4* · permitted uses
SMC4* · 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.
Building & site characteristics
From public records
Year built
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
1908 Santa Monica LLC
Entity
Mailing address
381 N BONHILL RD, LOS ANGELES, CA 90049-2321
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2020
—
Santa Monica LLC
—
Deed
related
$9,000,000 · First Citizens Bank & Trust Co
Nov 7, 2017
$11,500,000
1908 Santa Monica LLC
White Medical Center LLC
Grant Deed
$3,769,000 · Cdc Small Business Finance Corp
Aug 27, 2007
—
White Medical Center LLC
White J A & M M Exempt Trust C P
Quit Claim Deed
—
—
—
White Medical Center LLC
—
Deed Of Trust
related
$2,200,000 · Lj Cap Ptrs
—
—
White Medical Center LLC
—
Deed Of Trust
related
$2,800,000 · Symetra Life Insurance Co
—
—
White Medical Center LLC
—
Deed Of Trust
related
$1,400,000 · Michael R & Leah J Weisberg
—
—
White Trust
—
Deed Of Trust
related
$581,000 · Us Small Business Admn
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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