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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Office buildings
1010 Magnolia Blvd Burbank, CA 91506-1649
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-7175653
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Total area
5,125 SF
Lot
0.13 ac (5,729 SF)
Zoning code
BUC3YY
APN
2446-002-005
UPID
US09-7175653
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
-
1 Call Web, Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Prime Capital Group, Inc. Financial Advisor
-
Royalty Financial Insurance Agency
-
Subzero Repair Group HVAC Service General Contractor
-
Med Gate Inc Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Mkrtchyan Investments LP · 13 yrs held
Mkrtchyan Investments LP
since 2012
7 recorded transactions
Zoning & alternative use
BUC3YY · Burbank, 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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$215 / 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
$12,093
Tax year 2024
Assessed value
$1,050,325
Assessed 2024
Previous assessed
$1,050,325
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$676,073
Assessed improvement
$374,252
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Heating
NONE
Cooling
YES
Stories
1
Total area
5,125 SF
Lot
0.13 ac (5,729 SF)
Zoning code
BUC3YY
APN
2446-002-005
UPID
US09-7175653
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3YY · Burbank, CA
Zoning BUC3YY · permitted uses
BUC3YY · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Mkrtchyan Investments LP
Entity
Mailing address
1010 W MAGNOLIA BLVD, BURBANK, CA 91506-1649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2012
—
Mkrtchyan Investments LP
Haroutyounian,hamlet
Grant Deed
—
Oct 15, 2012
$870,000
Hamlet Haroutyounian
Robhana INC
Grant Deed
—
Oct 15, 2012
—
Hamlet Haroutyounian
Gohar Sevinian
Intrafamily Transfer
related
$435,000 · Capital Bank
May 24, 2012
$750,000
Robhana INC
Old Republic Title Co
Trustees Deed
related
—
May 21, 2012
—
Xcel Ent
Gmf Ent LP
Grant Deed
—
May 18, 2007
$1,450,000
Gmf Ent
Moh,jae Y
Grant Deed
$725,000 · Bank Of America
Jul 20, 2001
—
Jae Y Moh
Moh,h A
Quit Claim Deed
related
—
Jul 20, 2001
$555,000
Jae Y Moh
Meadows Trust
Grant Deed
$360,000 · Hanmi Bank
Jun 26, 2000
—
Meadows,paul L Trustee
Meadows P L Trustee,
Quit Claim Deed
related
—
Aug 19, 1998
—
Meadows,paul L & Ruth A Trustees
Meadows,p & R
Quit Claim Deed
related
—
Jul 20, 1993
$390,000
Countrywide Thrift
Sarajian,kissak
Trustees Deed
related
—
Apr 8, 1993
—
U N S Enterprises INC
Investors Mortga
Grant Deed
related
—
Feb 1, 1993
—
Adolfo V Dioguardi
Sarajian,kissak
Trustees Deed
related
—
—
—
Meadows Trust
—
Deed Of Trust
related
$300,000 · Bank Of Yorba Linda
—
—
Sarajian Kissak
—
Deed Of Trust
related
$402,500 · California Nova Financial
—
—
Mkrtchyan Invs LP
—
Deed Of Trust
related
$450,000 · A & A LLC
—
—
Gmf Enterprise
—
Deed Of Trust
related
$597,000 · Cdc Small Business Finance Co
—
—
Jae Y Moh
—
Deed Of Trust
related
$150,000 · Hanmi Bank
—
—
Sarajian Kissak
—
Deed Of Trust
related
$100,000 · Catron William C
—
—
Meadows Trust
—
Deed Of Trust
related
$75,000 · Bank Of Yorba Linda
—
—
Sarajian Kissak
—
Deed Of Trust
related
$50,000 · Alisi
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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