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Property profile & analytics
OFF-MARKET
Apartment buildings
301 Ocean Ave Santa Monica, CA 90402-1406
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6368569
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1952
Construction
WOOD
Total area
37,989 SF
Lot
1 ac (43,669 SF)
Zoning code
SMR4*
APN
4293-003-021
UPID
US09-6368569
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
-
Robert Gallagher Design Interior Design Home Decor Store
-
301 Ocean Ave Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
301 Ocean LLC · 4 yrs held
301 Ocean LLC
since 2021
Last sale
$70.0M
7 recorded transactions
Zoning & alternative use
SMR4* · 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
—
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
$847,426
Tax year 2024
Assessed value
$72,948,700
Assessed 2024
Previous assessed
$72,948,700
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$41,616,000
Assessed improvement
$31,332,700
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
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
47
Bathrooms
50
Total area
37,989 SF
Lot
1 ac (43,669 SF)
Zoning code
SMR4*
APN
4293-003-021
UPID
US09-6368569
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR4* · Santa Monica, CA
Zoning SMR4* · permitted uses
SMR4* · 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
1952
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
47
Bathrooms
50
Lot
1 ac
Current owner
From public records · entity-resolved
301 Ocean LLC
Entity
Mailing address
79 BOUNTIFUL, IRVINE, CA 92602-1802
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$70,000,000
301 Ocean LLC
301 Ocean A LLC
Grant Deed
$42,000,000 · Bluerock Enterprise Limted
Jun 28, 2018
—
301 Ocean A LLC
301 Ocean A LLC
Quit Claim Deed
related
$28,000,000 · Metlife R/e Lndg LLC
Jun 28, 2018
$28,000,000
Metlife R & E Lndg LLC
301 Ocean A LLC
Grant Deed
$28,000,000 · Metlife R/e Lndg LLC
Aug 30, 2017
—
301 Ocean A LLC
—
Deed
related
$26,900,000 · Keybank USA
Mar 25, 2013
$20,000,000
301 Ocean LLC
301 Ocean Dev LLC
Grant Deed
—
Mar 25, 2013
—
Dume Plaza I LLC
—
Deed Of Trust
related
$42,100,000 · Pfp Holding Co III LLC
Jan 15, 2009
—
301 Ocean Dev LLC
—
Grant Deed
related
$14,000,000 · Essex Prop Fin'l Corp
Nov 7, 2007
—
301 Ocean Dev LLC
—
Deed Of Trust
related
$14,000,000 · Essex Prop Fin'l Corp
Jun 6, 2007
—
301 Ocean Dev LLC
San Vicente Investment
Grant Deed
—
Apr 9, 2007
—
San Vicente Investment
3408 Sunset
Quit Claim Deed
related
—
May 11, 2006
$3,386,000
3408 Sunset
Maxxam Ents LLC
Quit Claim Deed
related
—
Jun 15, 2004
—
San Vicente Investments LP
San Vicente Investments LLP
Quit Claim Deed
related
—
Mar 22, 2002
—
San Vicente Investment LLP
301 Ocean Avenue Corp
Grant Deed
$2,000,000 · Guaranty Bank California
Jan 12, 1996
$137,000
Vicet H Linares
Bustos,alfredo
Grant Deed
$135,225 · Nationsbanc Mortgage Corp
—
—
301 Ocean Ave Corp
—
Deed Of Trust
related
$500,000 · 1324 5th St
—
—
301 Ocean A LLC
—
Deed Of Trust
related
$600,000 · Keybank USA
—
—
San Vicente Investment
—
Deed Of Trust
related
$6,400,000 · Union Bank Of California
—
—
301 Ocean A LLC
—
Deed Of Trust
related
$26,900,000 · Keybank USA
—
—
301 Ocean Dev LLC
—
Deed Of Trust
related
$14,000,000 · Essex Portfolio LP
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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