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    1917 4Th St Santa Monica, CA 90405
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    Property profile & analytics

    1917 4Th St, Santa Monica, CA 90405

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    • Commercial real estate
    Off-Market
    Property ID
    US09-6569744
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1917 4Th St

    Property type
    Commercial real estate

    Description

    This exceptional 0.14-acre commercial land parcel, located at 1917 4th Street in the heart of Santa Monica's Ocean Park neighborhood (zip code 90405), presents a compelling development opportunity. The property boasts 6,135 square feet of land, zoned SMOP2, and is offered at $1,695,000, translating to $292 per square foot. Its prime location offers excellent visibility and proximity to popular shopping, dining, and entertainment venues, ensuring high tenant demand and maximum exposure for any commercial venture. The property includes a 720-square-foot existing structure. This fee-simple ownership presents a rare chance to acquire a highly desirable asset in a thriving Los Angeles County market. The property's potential for various residential or commercial uses makes it an attractive investment for developers, business owners, or entrepreneurs seeking a foothold in this vibrant Santa Monica location. This is a unique opportunity to capitalize on the area's strong economic growth and high demand for commercial space. The property's location in Ocean Park provides easy access to major transportation routes and amenities, further enhancing its investment appeal. Don't miss this chance to acquire a piece of Santa Monica's dynamic commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.4865103
    Latitude
    34.0094356

    Comparable in this City

    • $2,695,000
      0.11 Acres

      Prime Commercial Asset in Santa Monica

      Commercial property in high-traffic area with renovation permit.
      2803 Main St, Santa Monica, CA 90405
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    • $1,999,000
      3,690 SF

      Santa Monica Retail Center

      Prime Pico Blvd location, 3,690 SF, high income potential.
      3307 Pico Blvd, Santa Monica, CA 90405
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      Iconic Mixed-Use Coastal Building

      Architecturally significant mixed-use property in a prime Santa Monica location.
      2110 Main St, Santa Monica, CA 90405
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    • $21,950,000

      Santa Monica Landmark Building

      Three-story Art Deco building in the heart of Santa Monica.
      2525 Main St, Santa Monica, CA 90405
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    • $2,400,000
      3,740 SF

      Santa Monica Apartment Building

      Eight-unit apartment building in Santa Monica with value-add potential.
      638 Grant St, Santa Monica, CA 90405
      View Details

    Similar Nearby for Sale

    • $2,695,000
      0.11 Acres

      Prime Commercial Asset in Santa Monica

      Commercial property in high-traffic area with renovation permit.
      2803 Main St, Santa Monica, CA 90405
      View Details
    • $4,950,000

      Renovated Santa Monica Apartment Building

      Turnkey 12-unit apartment building in prime Santa Monica location.
      2626 Cloverfield Blvd, Santa Monica, CA 90405
      View Details
    • New
      $2,050,000
      6,324 SF

      Santa Monica Multifamily Investment Opportunity

      Well-located multifamily property with rental upside in desirable Sunset Park.
      2410 Ocean Park Blvd, Santa Monica, CA 90405
      View Details
    • $2,100,000
      2,369 SF

      Santa Monica Multifamily Investment Opportunity

      Multifamily property in Ocean Park neighborhood with four units.
      238 Bicknell Ave, Santa Monica, CA 90405
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Santa Monica

      Single tenant retail space available for lease in Santa Monica.
      2804 Main St, Santa Monica, CA 90405
      View Details
    • Contact for pricing

      Santa Monica Fitness/Gym Space

      Plug and play fitness/gym space in Santa Monica for rent.
      1308 Pico Blvd, Santa Monica, CA 90405
      View Details
    • Contact for pricing
      42,547 SF

      Ocean Park Blvd Office Space

      Third floor office space available for rent in Santa Monica.
      3100 Ocean Park Blvd, Santa Monica, CA 90405
      View Details
    • Contact for pricing
      4,596 SF

      Creative Office Space Available

      Plug-and-play creative office space for rent.
      2218 Main St, Santa Monica, CA 90405
      View Details
    • $3 SF/Yr
      2,500,000 SF

      Retail Space Near Freeway

      Commercial storefront with high traffic, near Trader Joe's.
      3211 Pico Blvd, Santa Monica, CA 90405
      View Details
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    1917 4Th St
    Santa Monica, CA 90405
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    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
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