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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Turn key restaurants
11120 Magnolia Blvd North Hollywood, CA 91601
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6400797
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1939
Construction
TILT-UP CONCRETE
Total area
3,224 SF
Lot
0.14 ac (5,999 SF)
Zoning code
LAC4
APN
2353-005-010
UPID
US09-6400797
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$565k
Owner & transaction history
11122 Magnolia LLC · 15 yrs held
11122 Magnolia LLC
since 2010
7 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$175 / 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
$23,821
Tax year 2024
Assessed value
$1,858,597
Assessed 2024
Previous assessed
$1,858,597
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,241,268
Assessed improvement
$617,329
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1939
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
3,224 SF
Lot
0.14 ac (5,999 SF)
Zoning code
LAC4
APN
2353-005-010
UPID
US09-6400797
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.
Building & site characteristics
From public records
Year built
1939
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
11122 Magnolia LLC
Entity
Mailing address
3019 WILSHIRE BLVD #320, SANTA MONICA, CA 90403-2301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Aug 24, 2010
—
11122 Magnolia LLC
Akhavan Trust
Grant Deed
—
Oct 29, 2007
—
Akhavan Trust
Akhavan,babak & Mitra
Quit Claim Deed
related
—
May 1, 2007
$1,900,000
Babak Akhavan
Jack Boghossian
Grant Deed
$888,000 · Banco Popular North America
Jan 18, 2006
—
Boghossian Family Trust
Boghossian,jack & Sylvia
Quit Claim Deed
related
—
Nov 30, 2001
$315,000
Jack Boghossian
Grimes Trust
Grant Deed
$252,000 · Foothill Independent Bank
Mar 7, 2001
—
Borgia,elida P Trustee
Borgia,e P
Quit Claim Deed
related
—
Jun 18, 1999
—
Borgia,serafino Tr Etal
—
Deed Of Trust
related
—
Nov 30, 1998
—
Grimes,phyllis B Tr Et Al
—
Deed Of Trust
related
—
May 21, 1997
—
Grimes,phyllis Tr Et Al
—
Deed Of Trust
related
—
Nov 13, 1992
—
Hare,mary L Tr Et Al
—
Deed Of Trust
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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