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Property profile & analytics
OFF-MARKET
Estimated value
$14,500,000
High-rise multifamily apartments
3111 4th St Santa Monica, CA 90405-5453
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7886878
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1971
Construction
WOOD
Total area
66,692 SF
Lot
0.91 ac (39,637 SF)
Zoning code
SMOP2*
APN
4287-038-032
UPID
US09-7886878
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
-
Julien Hauss Alternative Medicine Practice Spa & Massage Center
-
Sintesi Design Architect Bathroom Remodeler
-
Don Dorsey, The Southward Group Real Estate Agency
-
The Southward Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.50M
Owner & transaction history
Mlt 16 LLC · 11 yrs held
Mlt 16 LLC
since 2014
7 recorded transactions
Zoning & alternative use
SMOP2* · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,885,000
6.5%
$16,510,000
7%
$15,330,000
Blend value · Realmo final
$14.50M
Range $13.05M – $15.95M · ±10%
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
$217 / 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
$369,568
Tax year 2024
Assessed value
$31,317,545
Assessed 2024
Previous assessed
$31,317,545
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$21,209,126
Assessed improvement
$10,108,419
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Units
60
Bathrooms
91
Total area
66,692 SF
Lot
0.91 ac (39,637 SF)
Zoning code
SMOP2*
APN
4287-038-032
UPID
US09-7886878
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMOP2* · Santa Monica, CA
Zoning SMOP2* · permitted uses
SMOP2* · 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
1971
Construction
WOOD
Heating
NONE
Units
60
Bathrooms
91
Lot
0.91 ac
Current owner
From public records · entity-resolved
Mlt 16 LLC
Entity
Mailing address
1859 N DOHENY DR, LOS ANGELES, CA 90069-1150
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
—
Mlt 16 LLC
—
Deed
related
$18,600,000 · Homestreet Bank
Jul 2, 2018
—
Mlt 16 LLC
—
Deed
related
$17,200,000 · Homestreet Bank
Aug 15, 2014
$17,072,000
Mlt 16 LLC
Fourth Street Pacific LLC
Grant Deed
$9,428,000 · Deutsche Bank 2013-k24 (ce)
Jul 20, 2012
$16,465,164
Fourth Street Pacific LLC
R O Stewart
Grant Deed
$9,428,000 · Wells Fargo Bank NA
Apr 2, 2007
—
Susan Busch
Busch,charles G
Quit Claim Deed
related
$5,000,000 · Miscellaneous Ins Co
Mar 3, 2005
—
Hinds John & Lindsey Trust
Hinds,lindsey
Quit Claim Deed
related
—
May 13, 1999
—
Williams,jacqueline S Tr Etal
—
Deed Of Trust
related
—
Jul 23, 1997
$72,500
James R Stewart
Stewart,r O & Charlotte R
Grant Deed
related
—
—
—
Mlt 16 LLC
—
Deed Of Trust
related
$15,000,000 · Tomatobank NA
—
—
Mlt 16 LLC
—
Deed Of Trust
related
$3,500,000 · Tomatobank NA
—
—
Stewart Trust
—
Deed Of Trust
related
$5,000,000 · Nationwide Life Insurance Co
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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