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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Medical Office Space
1124 Hollywood Way Burbank, CA 91505-2500
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-7834395
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
WOOD
Total area
4,844 SF
Lot
0.14 ac (6,000 SF)
Zoning code
BUC3*
APN
2477-016-030
UPID
US09-7834395
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
-
Jeri Evans Nutrition Weight Loss Service Vitamin & Supplements Store
-
Rand Team Inc Re/Max Olson Real Estate Agency
-
CHIROCORE Chiropractic Rehabilitation and Sports Medicine Alternative Medicine Practice
-
Your LA CPA, Inc.. Accounting Firm Tax Preparation
-
Rand Accounting Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$2.75M
Owner & transaction history
Liuna Studio Utility Employees Unio · 2 yrs held
Liuna Studio Utility Employees Unio
since 2024
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
BUC3* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+73.3%
Neighborhood: shopping center
$3.0M
+33.9%
Retail stores
$2.7M
+20.9%
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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$2,750,000
ML approach
$2,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,200,000
Current use
AUTO REPAIR, GARAGE
$3,815,000
Change: +73% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,950,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$2,660,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$2,585,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$2,405,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,325,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $2.75M (Feb 1 2024)
Last sale anchor
$2.75M
Feb 1 2024
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
$568 / 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
$28,102
Tax year 2024
Assessed value
$2,509,200
Assessed 2024
Previous assessed
$2,509,200
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,632,000
Assessed improvement
$877,200
Applied tax rate
2.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
4,844 SF
Lot
0.14 ac (6,000 SF)
Zoning code
BUC3*
APN
2477-016-030
UPID
US09-7834395
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3* · Burbank, CA
Zoning BUC3* · permitted uses
BUC3* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (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
1981
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Liuna Studio Utility Employees Unio
Individual
Mailing address
1124 N HOLLYWOOD WAY, BURBANK, CA 91505-2500
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 1, 2024
$2,750,000
Liuna Studio Utility Employees Unio
Steven M Rand
Grant Deed
—
Feb 1, 2024
—
Steven M Rand
Patricia A Rand
Affidavit Death Of Trustee/successor Trustee
related
—
Jul 9, 2010
—
Rand Family Trust
Rand,stanley D
Affidavit Of Death
related
—
Dec 9, 1993
—
Rand,stanley D&patricia A Co-t
Rand,s D&p A
Quit Claim Deed
related
—
—
—
Rand Family Trust
—
Deed Of Trust
related
$656,000 · Greenpoint Mortgage Funding
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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