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Property profile & analytics
FOR SALE
Apartment buildings
537 San Vicente Blvd Santa Monica, CA 90402
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6998309
For Sale
$15,895,000
537 San Vicente Blvd, Santa Monica, CA 90402
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
40,412 SF
Lot
0.51 ac (22,151 SF)
Zoning code
SMR2*
APN
4293-001-018
UPID
US09-6998309
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
-
The YogAbility Institute Gym & Fitness Center
-
YogAbility Institute Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.01M
Comparable Approach
Comparable
$8.79M
Blend (final)
Blend
$10.08M
Owner & transaction history
Ian K Lee · 8 yrs held
Ian K Lee
since 2017
7 recorded transactions
Zoning & alternative use
SMR2* · 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%
$10,840,000
6.5%
$10,005,000
7%
$9,290,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,730,000
Current use
Blend value · Realmo final
$10.08M
Range $9.07M – $11.08M · ±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
$249 / 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
$263,840
Tax year 2024
Assessed value
$22,400,606
Assessed 2024
Previous assessed
$22,400,606
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$15,906,842
Assessed improvement
$6,493,764
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
For Sale
Year built
1957
Construction
WOOD
Heating
NONE
Units
33
Bathrooms
47
Total area
40,412 SF
Lot
0.51 ac (22,151 SF)
Zoning code
SMR2*
APN
4293-001-018
UPID
US09-6998309
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMR2* · Santa Monica, CA
Zoning SMR2* · permitted uses
SMR2* · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$14.7M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Units
33
Bathrooms
47
Lot
0.51 ac
Current owner
From public records · entity-resolved
Ian K Lee
Individual
Mailing address
1762 14TH ST, SANTA MONICA, CA 90404-4341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jul 31, 2024
—
537 San Vicente Blvd LLC
—
Deed
related
$6,900,000 · Everbank NA
Sep 29, 2017
—
537 San Vicente Blvd LLC
—
Deed
related
$6,800,000 · Jpmorgan Chase Bank NA
Jul 27, 2017
—
Ian K Lee
Le Stephanie,p
Quit Claim Deed
related
—
Jun 3, 2015
$1,900,000
537 San Vicente Blvd LLC
United El Segundo INC
Grant Deed
$5,900,000 · Jpmorgan Chase Bank NA
Mar 10, 2015
$16,135,000
United El Segundo INC
Chanteclair-537 San Vicente Bo
Grant Deed
—
May 24, 2000
$2,800,000
Chanteclair-537 San Vicente
Albert Sinkys Estate
Grant Deed
—
—
—
Albert Sinkys
—
Deed Of Trust
related
$450,000 · Home Savings Of America
—
—
Chanteclair 537 San Vicente Bl
—
Deed Of Trust
related
$2,562,899 · Sinkys Betty Trust
—
—
Chanteclair-537 San Vicente Bl
—
Deed Of Trust
related
$3,100,000 · Washington Mutual Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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