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    10510 Victory Blvd North Hollywood, CA 91606-3961
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    Property profile & analytics

    10510 Victory Blvd, North Hollywood, CA 91606-3961

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    • Office buildings
    • 4,154 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Jun 14, 2023
    $480,000
    Property ID
    US09-6515062
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Devine Dental Studios Inc / Dental Office
    • Cholakyan Chiropractic / Alternative Medicine Practice
    • Supreme Care Home Health Inc / Home Health Care Service
    • Garage Conversion Construction North Hollywood / Construction Company / General Contractor
    • Capital Financial Network / Accounting Firm / Tax Preparation

    Property Details for 10510 Victory Blvd

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    2414-020-011
    APU
    2414020011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 14, 2023 — Cholakyan Enterprises LLC Sarkis Cholakyan Intrafamily Transfer · related —
    Dec 22, 2005 — Sarkis Cholakyan Cholakyan,mariana Quit Claim Deed · related $555k · Greenpoint Mortgage Funding
    Jul 12, 2002 $480,000 Sarkis Cholakyan Assured Invesments Corp Grant Deed $432k · Wells Fargo Bank
    Dec 7, 2001 $409,000 Assured Investment Corp Galsworthy,diana Grant Deed —
    Jun 16, 1998 — Diana Galsworthy Galsworthy,j Quit Claim Deed · related —
    Jan 20, 1995 $415,000 Jan Galsworthy Benjamin Ben-aziz Trustee Grant Deed $315k · Seller
    — — Sarkis Cholakyan — Deed Of Trust · related $500k · Bank Of The West
    — — Sarkis Cholakyan — Deed Of Trust · related $530k · Gilmore Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.36
    Latitude
    34.1847
    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
    $8,732
    $408,931
    $272,617
    $681,548
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,245,000
      6,664 SF

      6708 Lankershim Blvd

      OFFICE BUILDING
      6708 Lankershim Blvd, North Hollywood, CA 91606-1647
      View Details
    • Value Estimation
      $3,205,000
      17,482 SF

      12160 Victory Blvd

      OFFICE BUILDING (MULTI-STORY)
      12160 Victory Blvd, North Hollywood, CA 91606-3277
      View Details
    • Value Estimation
      $1,530,000
      6,422 SF

      10530 Victory Blvd

      OFFICE BUILDING
      10530 Victory Blvd, North Hollywood, CA 91606-3922
      View Details
    • Value Estimation
      $1,135,000
      3,682 SF

      6454 Coldwater Cyn Ave

      PROFESSIONAL BUILDING
      6454 Coldwater Cyn Ave, North Hollywood, CA 91606-1113
      View Details
    • Value Estimation
      $890,000
      4,600 SF

      12434 Oxnard St

      OFFICE BUILDING (MULTI-STORY)
      12434 Oxnard St, North Hollywood, CA 91606-4510
      View Details
    • Value Estimation by Request
      1,629 SF

      6165 Lankershim Blvd

      OFFICE BUILDING
      6165 Lankershim Blvd, North Hollywood, CA 91606-4807
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,800 SF

      North Hollywood Office Building For Sale

      Office building for sale in North Hollywood, California.
      11702 Victory Blvd, North Hollywood, CA 91606
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      Commercial Property in North Hollywood

      Commercial property with automotive shop, bar, and office spaces.
      11717 Victory Blvd, North Hollywood, CA 91606
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    • $1,450,000
      7,580.00 Acres

      Development Opportunity in North Hollywood

      Spacious lot with development plans near Toluca Lake.
      6408 Radford Ave, North Hollywood, CA 91606
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    • $1,750,000
      8,016.00 Acres

      North Hollywood Development Opportunity

      Sweeping corner lot in prime North Hollywood location.
      6401 Denny Ave, North Hollywood, CA 91606
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    • $50,000

      Established Retail Business Opportunity

      Well-established retail business on high-traffic Victory Boulevard in Valley Glen.
      12816 Victory Blvd, Valley Glen, CA 91606
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      First floor medical office space for rent.
      11024-11028 Victory Blvd, North Hollywood, CA 91606
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      NoHo Built-Out Office Space

      Fully built-out office space with parking in NoHo.
      6319 Colfax Ave, Los Angeles, CA 91606
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      Office Space Available for Rent

      Office space available, 910 SqFt, Laurel Canyon Blvd, Los Angeles.
      6240 Laurel Canyon Blvd, Los Angeles, CA 91606
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      Retail/Office Space with High Ceilings

      Retail or office space featuring high ceilings and ample parking.
      6418 Lankershim Blvd, Los Angeles, CA 91606
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    • Contact for pricing

      Retail Space on Victory Blvd

      Retail space with high visibility and dedicated parking.
      12804 Victory Blvd, Los Angeles, CA 91606
      View Details
    • Contact for pricing

      Modern Retail and Office Space

      Modern, well-maintained retail and office space in prime Los Angeles location.
      Los, North Hollywood, CA 91606
      View Details
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    North Hollywood, CA 91606-3961
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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.

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