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Property profile & analytics
FOR LEASE
Community centers
11440 Ventura Blvd Studio City, CA 91604
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7971016
For Lease
1 / 6
Contact for pricing
11440 Ventura Blvd, Studio City, CA 91604
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Construction
TILT-UP CONCRETE
Total area
11,256 SF
Lot
0.35 ac (15,291 SF)
Zoning code
LAC2
APN
2378-022-023
UPID
US09-7971016
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
-
MAKING IT MEDIA Theater & Performing Art Venue Music Venue
-
In Style Nails Nail Salon
-
Hollywood Green Screen Studio Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Studio Best Foot Reflexology Spa & Massage Center
-
studio massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.19M
Owner & transaction history
Heidt Studio City LLC · 12 yrs held
Heidt Studio City LLC
since 2013
7 recorded transactions
Zoning & alternative use
LAC2 · Studio City, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,445,000
6.5%
$4,105,000
7%
$3,810,000
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±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
$283 / 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
$34,248
Tax year 2024
Assessed value
$2,709,131
Assessed 2024
Previous assessed
$2,709,131
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,477,298
Assessed improvement
$1,231,833
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
11,256 SF
Lot
0.35 ac (15,291 SF)
Zoning code
LAC2
APN
2378-022-023
UPID
US09-7971016
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Studio City, CAZoning 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
Building & site characteristics
From public records
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Heidt Studio City LLC
Entity
Mailing address
3201 WILSHIRE BLVD STE #210, SANTA MONICA, CA 90403-2335
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jul 11, 2023
—
Heidt Studio City LLC
—
Deed
related
$2,000,000 · Psm Commercial Realty
Oct 18, 2013
—
Heidt Studio City LLC
Heidt Family Trust
Quit Claim Deed
related
$2,200,000 · Everbank
Nov 5, 2010
—
John K Heidt
John K Heidt
Intrafamily Transfer
related
$1,230,000 · Wells Fargo Bank NA
Sep 12, 2000
—
Heidt,john K & Donna W Trustees
—
Quit Claim Deed
related
—
Sep 12, 2000
$1,638,000
Heidt Trust
Kenterra Ivy INC
Trustees Deed
$1,320,000 · Key Bank NA
Jan 18, 1996
$890,000
11440 Ventura Bldg LP
Bankers Trust Co Of Cal Ttee
Grant Deed
—
Apr 1, 1992
$512,500
David B Schwartz
Amgotchian,john
Grant Deed
related
—
Sep 15, 1988
—
John Jamgotchian
Jamgo
Quit Claim Deed
related
—
Sep 15, 1988
$792,000
John Jamgotchian
Jamgotchian John
Trustees Deed
related
—
—
—
West Part Condor
—
Deed Of Trust
related
$40,000 · Lane David
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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