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Property profile & analytics
OFF-MARKET
Estimated value
$61,045,000
Investment properties
11049 Magnolia Blvd 7 North Hollywood, CA 91601-6807
Entity Owned
18-yr Hold
Free & Clear
Property ID
US09-6237591
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2007
Construction
STEEL FRAME
Total area
221,276 SF
Lot
1.37 ac (59,601 SF)
Zoning code
LAC4
APN
2350-018-085
UPID
US09-6237591
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
-
Fiestco Events Event Planning Wedding Service
-
White Heat Yoga Gym & Fitness Center
-
GSIS Payroll Accounting Firm
-
Noah’sPalace Apartment Building
-
crown water Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$68.94M
Comparable Approach
Comparable
$36.73M
Blend (final)
Blend
$61.05M
Owner & transaction history
Pr Milano Los Angeles LLC · 18 yrs held
Pr Milano Los Angeles LLC
since 2008
5 recorded transactions
Zoning & alternative use
LAC4 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$74,680,000
6.5%
$68,935,000
7%
$64,010,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$101,305,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$100,590,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$98,525,000
Change: -5% · Conversion: Easy
RETAIL STORES
$95,150,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$94,120,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$61.05M
Range $54.94M – $67.15M · ±10%
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
$276 / 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
$901,304
Tax year 2024
Assessed value
$72,218,175
Assessed 2024
Previous assessed
$72,218,175
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$11,203,536
Assessed improvement
$61,014,639
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Stories
1
Units
196
Bathrooms
99
Total area
221,276 SF
Lot
1.37 ac (59,601 SF)
Zoning code
LAC4
APN
2350-018-085
UPID
US09-6237591
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
AUTO REPAIR, GARAGE
Est. value
$101.3M
MEDICAL BUILDING
Est. value
$100.6M
OFFICE BUILDING
Est. value
$98.5M
RETAIL STORES
Est. value
$95.2M
INDUSTRIAL (GENERAL)
Est. value
$94.1M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
196
Bathrooms
99
Lot
1.37 ac
Current owner
From public records · entity-resolved
Pr Milano Los Angeles LLC
Entity
Free & Clear · 18 yrs held
Mailing address
11059 MCCORMICK ST, NORTH HOLLYWOOD, CA 91601-3207
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2008
$36,989,500
Pr Milano Los Angeles LLC
Jsm Milano LLC
Grant Deed
—
Jul 2, 2004
—
Jsm Milano LLC
11049 Magnolia Blvd
Grant Deed
$32,980,000 · Bank Of America
Jun 16, 1995
—
11049 Magnolia Blvd
—
Deed Of Trust
related
—
Jun 14, 1994
—
11049 Magnolia Blvd INC
—
Deed Of Trust
related
—
—
—
11049 Magnolia Blvd LLC
—
Deed Of Trust
related
$1,600,000 · Citizens Business 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.
Try Rey
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