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Property profile & analytics
FOR LEASE
Office buildings
11426 Ventura Blvd Studio City, CA 91604
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7971040
For Lease
1 / 2
$3,230,000
11426 Ventura Blvd, Studio City, CA 91604
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
TILT-UP CONCRETE
Total area
6,410 SF
Lot
0.14 ac (6,247 SF)
Zoning code
LAC2
APN
2378-022-025
UPID
US09-7971040
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
-
Robyn Rhodes Inc Production Facility
-
Delirio Films Film Production
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.19M
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.23M
Owner & transaction history
Spanish Palms LLC · 4 yrs held
Spanish Palms LLC
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
LAC2 · Studio City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.0M
+11.0%
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 Studio City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Studio City 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
$3,255,000
ML approach
$3,190,000
CAP Approach
CAP Return
Estimation
6%
$2,490,000
6.5%
$2,300,000
7%
$2,135,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,545,000
Current use
RETAIL STORES
$5,045,000
Change: +11% · Conversion: Moderate
RESTAURANT
$3,975,000
Change: -13% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,900,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±10% · vs last sale $3.24M (Feb 4 2022)
Last sale anchor
$3.24M
Feb 4 2022
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
$504 / 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
$41,255
Tax year 2024
Assessed value
$3,365,693
Assessed 2024
Previous assessed
$3,365,693
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,019,416
Assessed improvement
$1,346,277
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
6,410 SF
Lot
0.14 ac (6,247 SF)
Zoning code
LAC2
APN
2378-022-025
UPID
US09-7971040
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Studio City, CA
Zoning LAC2 · permitted uses
LAC2 · Studio City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Studio City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.5M
RETAIL STORES
Est. value
$5.0M
RESTAURANT
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Spanish Palms LLC
Entity
Mailing address
500 E 4TH ST #351, AUSTIN, TX 78701-3720
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
—
Spanish Palms LLC
—
Deed
related
$1,275,000 · Standard Insurance Co
Feb 4, 2022
$3,235,000
Spanish Palms LLC
David P Stapleton
Grant Deed
—
Nov 28, 2017
—
11426 Ventura LLC
—
Loan Modification
related
$20,000,000 · First Bk
May 16, 2017
—
11426 Ventura LLC
Charcole Properties LP
Quit Claim Deed
—
Dec 29, 2006
—
Charcole Properties
Mattes Family Trust
Grant Deed
—
Aug 23, 1993
$895,000
Steven Mattes
Pacific Heritage
Grant Deed
$760,750 · Pacific Heritage Bank
Apr 1, 1993
$1,080,323
Heritage Pacific
Marlis,richard J
Trustees Deed
related
—
—
—
Charcole Properties LP
—
Deed Of Trust
related
$725,000 · Comerica Bank
—
—
Charcole Properties LP
—
Loan Modification
related
$725,000 · Comerica Bank
—
—
Charcole Properties LP
—
Loan Modification
related
—
—
—
Steven Mattes
—
Deed Of Trust
related
$725,000 · Comerica Bank California
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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