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Property profile & analytics
FOR SALE
Retail properties & Spaces
11023 Sherman Way Sun Valley, CA 91352
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7919800
For Sale
1 / 12
$2,549,000
11023 Sherman Way, Sun Valley, CA 91352
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1955
Construction
TILT-UP CONCRETE
Total area
3,010 SF
Lot
0.13 ac (5,499 SF)
Zoning code
LAC2
APN
2315-028-020
UPID
US09-7919800
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Car Parts La INC · 1 yrs held
Car Parts La INC
since 2025
6 recorded transactions
Zoning & alternative use
LAC2 · Sun Valley, 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 Sun Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun Valley 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
—
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
$4,977
Tax year 2024
Assessed value
$364,918
Assessed 2024
Previous assessed
$364,918
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$335,514
Assessed improvement
$29,404
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 properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Sale
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,010 SF
Lot
0.13 ac (5,499 SF)
Zoning code
LAC2
APN
2315-028-020
UPID
US09-7919800
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Sun Valley, CA
Zoning LAC2 · permitted uses
LAC2 · Sun Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sun Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Car Parts La INC
Entity
Mailing address
7909 BEN AVE, NORTH HOLLYWOOD, CA 91605-2406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
$1,680,000
Car Parts La INC
The Armenak Nshanyan Living Trust
Grant Deed
$1,260,000 · G1 Investment LLC
Sep 29, 2015
—
Nshanyan,armenak Living Trust
Nshanyan A Living Trust
Quit Claim Deed
related
—
Nov 8, 1996
—
Danne Grattan
Grattan,d G
Quit Claim Deed
related
—
Nov 8, 1996
$167,500
Nshanyan,armenak
Shaffer,roswitha
Trustees Deed
$67,500 · Shaffer Trust
Oct 30, 1996
—
Roswitha Shaffer
Shaffer R Trustee,
Quit Claim Deed
related
—
—
—
Armenak Nhanyan
—
Deed Of Trust
related
$350,000 · Gyonjyan Hasmik
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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