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Property profile & analytics
OFF-MARKET
Apartment buildings
423 Ocean Ave 1 Santa Monica, CA 90402-1655
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-6998292
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1936
Construction
WOOD
Total area
17,900 SF
Lot
0.52 ac (22,464 SF)
Zoning code
SMR4*
APN
4293-007-019
UPID
US09-6998292
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
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
Santa Monica Properties LLC · 3 yrs held
Santa Monica Properties LLC
since 2022
Last sale
$12.6M
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
$39,301
Tax year 2024
Assessed value
$3,077,000
Assessed 2024
Previous assessed
$3,077,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,854,000
Assessed improvement
$1,223,000
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
1936
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
3
Units
16
Bathrooms
18
Total area
17,900 SF
Lot
0.52 ac (22,464 SF)
Zoning code
SMR4*
APN
4293-007-019
UPID
US09-6998292
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
1936
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
3
Units
16
Bathrooms
18
Lot
0.52 ac
Current owner
From public records · entity-resolved
Santa Monica Properties LLC
Entity
Mailing address
423 OCEAN AVE APT #1, SANTA MONICA, CA 90402-1655
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2023
—
Padflc Palisades
—
Deed
related
$7,360,000 · Jpmorgan Chase Bank NA
Nov 4, 2022
—
Santa Monica Properties LLC
Santa Monica Properties LLC
Intrafamily Transfer
related
$3,000,000 · Millennium Trust Company LLC
Mar 6, 2020
$12,610,000
Santa Monica Properties LLC
Sm Ocean Star LLC
Grant Deed
$6,500,000 · Sm Ocean Star LLC
Jan 3, 2007
$1,406,000
Sm Ocean Star LLC
Latts,elliott E & Leatrice L
Grant Deed
—
Jan 3, 2005
$1,171,000
Elliott E Latts
Sm Ocean Star LLC
Grant Deed
—
Aug 23, 2001
—
Hsing R Tsai
Tsai,c J
Quit Claim Deed
related
—
Sep 13, 1988
$524,000
Chen Tsienling
Tsai
Quit Claim Deed
related
—
—
—
Sm Ocean Star LLC
—
Deed Of Trust
related
$4,000,000 · East West Invs
—
—
Sm Ocean Star LLC
—
Deed Of Trust
related
$2,633,000 · East West Bank
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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