Technical
Financial
Distress signals
Property profile

413 Ocean Ave Santa Monica, CA 90402

OFF-MARKET
Assisted living facilities
Property ID
US10-0310167
13,052 SF 0.26 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Construction WOOD
Total area 13,052 SF
Lot 0.26 ac (11,212 SF)
Zoning code SMR4*
APN 4293-007-021
UPID US10-0310167

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

413 Ocean Ave Santa Monica, CA 90402-1625
Santa Monica metro Census 701304 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.86M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.96M
Blend (final) Blend
$5.11M

Owner & transaction history

since 2023
Last sale
$5.6M
7 recorded transactions
2023
Price N/A
2023
$5.6M
2019
Price N/A
2013
$10.9M
2013
$7.1M
1997
$1.2M
1969
Price N/A

Zoning & alternative use

SMR4* · Santa Monica, CA
Top alternative use upside
Restaurant $8.5M +135.8%
Neighborhood: shopping center $7.9M +120.4%
Auto repair, garage $6.0M +67.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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