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Property profile & analytics
OFF-MARKET
Estimated value
$6,840,000
Apartment buildings
10621 Vly Spg Ln North Hollywood, CA 91602-3200
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6330484
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
44,848 SF
Lot
0.41 ac (17,701 SF)
Zoning code
LAR3
APN
2423-023-031
UPID
US09-6330484
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
-
Studio Heights Apartments Apartment Building
-
Hero Redefined Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.84M
Owner & transaction history
Li Zhao · 12 yrs held
Li Zhao
since 2014
7 recorded transactions
Zoning & alternative use
LAR3 · North Hollywood, 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 North Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Hollywood 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
$153 / 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
$129,051
Tax year 2024
Assessed value
$10,343,530
Assessed 2024
Previous assessed
$10,343,530
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$4,194,507
Assessed improvement
$6,149,023
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
45
Bathrooms
74
Total area
44,848 SF
Lot
0.41 ac (17,701 SF)
Zoning code
LAR3
APN
2423-023-031
UPID
US09-6330484
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · North Hollywood, CA
Zoning LAR3 · permitted uses
LAR3 · North Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Hollywood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
45
Bathrooms
74
Lot
0.41 ac
Current owner
From public records · entity-resolved
Li Zhao
Individual
Mailing address
22287 MULHOLLAND HWY #564, CALABASAS, CA 91302-5157
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2019
—
Li Zhao
—
Deed
related
$9,000,000 · Jpmorgan Chase Bank NA
Jun 2, 2014
—
Li Zhao
Li Zhao
Intrafamily Transfer
related
$5,555,000 · Jpmorgan Chase Bank NA
Jul 9, 2008
—
Zhao Li Trust
Cedros Investment LLC
Grant Deed
—
Apr 21, 2005
—
Tl Valley LLC
Yessayan Family 2001 Trust
Grant Deed
—
Apr 15, 2005
—
Cedros Investment LLC
Valley Spring Apartments LP
Grant Deed
$6,375,000 · Washington Mutual Bank
Jan 21, 2000
$5,425,000
Valley Spring Apartments LP
Studio Heights Equity LLC
Grant Deed
$3,200,000 · Secore Financial Corp
Mar 10, 1998
$3,660,000
Studio Heights Equity LLC
Chung San Holdings USA Ltd
Grant Deed
related
$2,745,000 · Home Savings Of America
May 16, 1996
$3,000,000
Chung San Holdings USA Ltd
Kawabe USA INC
Grant Deed
related
$2,100,000 · Home Savings Of America
Jul 27, 1989
—
William S Lyons
Lyons
Quit Claim Deed
related
—
—
—
Kawabe USA
—
Deed Of Trust
related
$3,675,000 · California Federal 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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