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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Retail space
11016 Magnolia Blvd North Hollywood, CA 91601-3810
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6237594
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Construction
WOOD
Total area
5,000 SF
Lot
0.14 ac (6,000 SF)
Zoning code
LAC4
APN
2353-006-005
UPID
US09-6237594
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
$3.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.94M
Owner & transaction history
Mngd Property LLC
Mngd Property LLC
since 2026
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
LAC4 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+44.2%
Neighborhood: shopping center
$3.0M
+41.5%
Commercial (general)
$2.3M
+9.1%
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
Method
Estimation
Statistic approach
$2,835,000
ML approach
$3,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,150,000
Current use
RESTAURANT
$3,100,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,045,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,345,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,290,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$2,275,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$2,225,000
Change: +4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,125,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $3.50M (Jan 6 2026)
Last sale anchor
$3.50M
Jan 6 2026
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
$588 / 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
$41,775
Tax year 2024
Assessed value
$3,340,056
Assessed 2024
Previous assessed
$3,340,056
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,063,350
Assessed improvement
$1,276,706
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
0.14 ac (6,000 SF)
Zoning code
LAC4
APN
2353-006-005
UPID
US09-6237594
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · North Hollywood, CA
Zoning LAC4 · permitted uses
LAC4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1951
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Mngd Property LLC
Entity
Mailing address
4181 SUNSWEPT DR1STFL, STUDIO CITY, CA 91604-2376
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Mngd Property LLC
—
Deed
related
$1,436,000 · Mortgage Capital Corporation
Jan 6, 2026
$3,500,000
Mngd Property LLC
Ratner Magnolia Investment LLC
Grant Deed
$1,790,000 · Mission Valley Bank
Oct 8, 2020
$788,000
Ratner Monte Investment LLC
Ratner Magnolia Investment LLC
Grant Deed
—
Feb 22, 2018
$2,900,000
Ratner Magnolia Investment LLC
Noho Sd LLC
Grant Deed
$1,500,000 · Pacific Mercantile Bank
Mar 28, 2016
—
Noho Sd LLC
Draine,r Cameron & Cynthia K
Grant Deed
—
Mar 7, 2016
—
Robert W Draine
Draine,george N
Quit Claim Deed
related
—
Dec 6, 2002
—
Draine,tr
Draine,steven T
Quit Claim Deed
related
—
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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