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    Property profile & analytics

    3111 4th St Santa Monica, CA 90405-5453

    • High-rise multifamily apartments
    • 66,692 SF
    • 0.91 lot acres
    OFF-MARKET
    Value Estimations
    $14,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7886878
    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

    • 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

    Property Details for 3111 4th St

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.91 lot acres
    Property size
    66,692 SF
    Zone code
    SMOP2*
    Property type
    High-rise multifamily apartments
    APN
    4287-038-032
    APU
    4287038032

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $17,885,000
      6.5%
      $16,510,000
      7%
      $15,330,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.477
    Latitude
    33.9996
    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
    $369,568
    $21,209,126
    $10,108,419
    $31,317,545
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,140,000
      42,290 SF

      1122 Pico Blvd

      HIGH-RISE APARTMENTS • 42,290 SF
      1122 Pico Blvd, Santa Monica, CA 90405-1454
      View Details
    • Value Estimation
      $13,505,000
      532,416 SF

      2700 Neilson Way

      HIGH-RISE APARTMENTS • 532,416 SF
      2700 Neilson Way, Santa Monica, CA 90405-4011
      View Details
    • Value Estimation
      $1,305,000
      9,720 SF

      227 Strand St

      APARTMENT HOUSE (5+ UNITS) • 9,720 SF
      227 Strand St, Santa Monica, CA 90405-3451
      View Details
    • Value Estimation
      $610,000
      3,731 SF

      744 Pier Ave

      APARTMENT HOUSE (5+ UNITS) • 3,731 SF
      744 Pier Ave, Santa Monica, CA 90405-4548
      View Details
    • Value Estimation
      $740,000
      4,696 SF

      126 Bicknell Ave

      APARTMENT HOUSE (5+ UNITS) • 4,696 SF
      126 Bicknell Ave, Santa Monica, CA 90405-2254
      View Details
    • Value Estimation
      $715,000
      3,636 SF

      217 Bicknell Ave

      APARTMENT HOUSE (5+ UNITS) • 3,636 SF
      217 Bicknell Ave, Santa Monica, CA 90405-2385
      View Details

    Similar Nearby for Sale

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    • New
      $2,150,000
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      Ocean Park Spanish-Style Triplex

      Charming triplex with remodeled units and income potential.
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    • New
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      Charming Duplex with Upside Potential

      Legacy duplex on oversized lot with investment stability and charm.
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      Historic multifamily property near the beach in Santa Monica.
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    Similar Nearby for Lease

    • $1,200 /Mo
      225 SF

      225 SF Office Space For Lease in The Parkhurst Building

      225 SF Office Space For Lease in The Parkhurst Building
      185 Pier Ave, Santa Monica, CA 90405
      View Details
    • Contact for pricing

      Retail Space Available

      Retail space for rent, 650 SqFt available.
      2510 Main St, Santa Monica, CA 90405
      View Details
    • Contact for pricing
      1,100 SF

      Main Street Retail Space Available

      Prime retail space on Santa Monica's bustling Main Street.
      2665 Main St, Santa Monica, CA 90405
      View Details
    • Contact for pricing

      Ocean Park Blvd Office Building

      Fully leased office building in Santa Monica.
      2850-2900 Ocean Park Blvd, Santa Monica, CA 90405
      View Details
    • Contact for pricing
      18,137 SF

      Ocean Park Blvd Office Space

      First floor office space available for rent in Santa Monica.
      3420 Ocean Park Blvd, Santa Monica, CA 90405
      View Details
    • $650 /Mo
      125 SF

      125 SF Office Space For Lease in 1927 Historic Building

      125 SF Office Space For Lease in 1927 Historic Building
      185 Pier Ave, Santa Monica, CA 90405
      View Details
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    3111 4th St
    Santa Monica, CA 90405-5453
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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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