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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Apartment buildings
11311 Burbank Blvd North Hollywood, CA 91601-5765
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6238228
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1940
Construction
WOOD
Total area
3,130 SF
Lot
0.17 ac (7,351 SF)
Zoning code
LAC2
APN
2337-038-028
UPID
US09-6238228
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
$775k
Comparable Approach
Comparable
$893k
Blend (final)
Blend
$965k
Owner & transaction history
Noho Center Residents LLC
Noho Center Residents LLC
since 2026
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
LAC2 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+77.3%
Auto repair, garage
$1.4M
+73.0%
Medical building
$1.4M
+71.8%
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%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$830,000
Current use
COMMERCIAL (GENERAL)
$1,470,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,435,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$1,425,000
Change: +72% · Conversion: Moderate
OFFICE BUILDING
$1,395,000
Change: +68% · Conversion: Moderate
RETAIL STORES
$1,345,000
Change: +63% · Conversion: Difficult
WAREHOUSE, STORAGE
$920,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $1.10M (Feb 10 2026)
Last sale anchor
$1.10M
Feb 10 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
$308 / 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
$8,889
Tax year 2024
Assessed value
$694,060
Assessed 2024
Previous assessed
$694,060
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$422,427
Assessed improvement
$271,633
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
5
Bathrooms
5
Total area
3,130 SF
Lot
0.17 ac (7,351 SF)
Zoning code
LAC2
APN
2337-038-028
UPID
US09-6238228
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · North Hollywood, CA
Zoning LAC2 · permitted uses
LAC2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$920,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1940
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
5
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Noho Center Residents LLC
Entity
Mailing address
3385 OVERLAND AVE2NDFL, LOS ANGELES, CA 90034-3585
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
$1,100,000
Noho Center Residents LLC
Crenshaw Two LLC
Grant Deed
$825,000 · Velocity Commercial Capital LLC
Jul 24, 2015
—
Tasdks LLC
Tasdks LLC
Intrafamily Transfer
related
$500,000 · Jpmorgan Chase Bank NA
Mar 21, 2013
$21,000
Tasdks
Crenshaw Two LLC
Grant Deed
—
Aug 17, 2012
$575,000
Crenshaw Two LLC
Pakkidis S & B J 2005 Trust
Grant Deed
—
Dec 27, 2005
—
Pakkidis,savvas & B J Trust
Pakkidis,savvas
Quit Claim Deed
related
—
Apr 12, 1996
—
Savvas Pakkidis
Pakkidis,b J
Quit Claim Deed
related
—
Apr 12, 1996
$1,000
Pakkidis,savvas
Cuevas,jorge M & Maria G
Trustees Deed
related
—
Aug 15, 1995
—
Jorge M Cuevas
Salas,m Trustee
Grant Deed
related
—
—
—
Salas Trust
—
Deed Of Trust
related
$150,000 · Individual
—
—
Salas Trust
—
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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