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    11500 Burbank Blvd North Hollywood, CA 91601-2308
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    Property profile & analytics

    11500 Burbank Blvd, North Hollywood, CA 91601-2308

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    • Office buildings
    • 2,748 SF
    • 0.19 lot acres
    Off-Market
    Last Sale May 23, 2024
    $1,800,000
    Property ID
    US09-7755452
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,800,000
    Show details
    Cap Rate Potential
    3.6%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • The Room - Live Escape Room LA / Arcade & Gaming Center / Family Recreation Center
    • Meyer Organization / Financial Advisor

    Property Details for 11500 Burbank Blvd

    Year built
    1952
    Lot size
    0.19 lot acres
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    2350-004-042
    APU
    2350004042

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 23, 2024 $1,800,000 Universe 29 LLC Affiliated Property Craftspersons Grant Deed $915k · First Citizens Bank & Trust Co
    May 23, 2024 — Canyon Rx INC Universe 29 LLC Lease $753k · California Statewide Certified Developme
    Jun 9, 1989 — Solomon Cohen Cohen Quit Claim Deed · related —
    Jun 9, 1989 $535,000 Benaim Haim& Allen Trustees Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,800,000
      ML approach
      $1,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,290,000
      Market price range: $693k - $1.48M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,225,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,670,000
      Change: +37% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,290,000
      Change: +5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,260,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $1,250,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $1,180,000
      Change: -3% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.382
    Latitude
    34.1719
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,563
    $662,318
    $321,951
    $984,269
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,015,000
      3,280 SF

      5709 Cahuenga Blvd

      OFFICE BUILDING
      5709 Cahuenga Blvd, North Hollywood, CA 91601-2107
      View Details
    • Value Estimation
      $750,000
      4,011 SF

      11241 Magnolia Blvd

      OFFICE BUILDING
      11241 Magnolia Blvd, North Hollywood, CA 91601-3703
      View Details
    • Value Estimation
      $1,550,000
      8,230 SF

      11240 Magnolia Blvd

      OFFICE BUILDING
      11240 Magnolia Blvd, North Hollywood, CA 91601-3790
      View Details
    • Value Estimation
      $2,030,000
      8,941 SF

      5648 Vineland Ave

      PROFESSIONAL BUILDING
      5648 Vineland Ave, North Hollywood, CA 91601-2028
      View Details
    • Value Estimation
      $775,000
      2,723 SF

      10908 Burbank Blvd

      PROFESSIONAL BUILDING
      10908 Burbank Blvd, North Hollywood, CA 91601-2522
      View Details
    • Value Estimation by Request
      1,132 SF

      10546 Burbank Blvd

      OFFICE BUILDING
      10546 Burbank Blvd, North Hollywood, CA 91601-2221
      View Details

    Similar Nearby for Sale

    • $2,075,000

      North Hollywood Office Building

      2,000 SF office building in North Hollywood.
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      View Details
    • $1,550,000

      Multi-Tenant Office Building For Sale

      Three-story office building with diversified income streams for sale.
      11490 Burbank Blvd, North Hollywood, CA 91601
      View Details
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      3,092 SF

      Modernized Creative Production Facility

      State-of-the-art creative studios in a prime location.
      10442 Burbank Blvd, Los Angeles, CA 91601
      View Details
    • $2,799,000
      3,092 SF

      Renovated Creative Office/Production Facility

      Fully renovated creative office and production facility in Los Angeles.
      10442 Burbank Blvd, Los Angeles, CA 91601
      View Details
    • Contact for pricing
      3,824 SF

      Mixed-Use Investment Opportunity

      Fully occupied mixed-use property in North Hollywood with value-add potential.
      10761 Burbank Blvd, Los Angeles, CA 91601
      View Details
    • Contact for pricing

      Retail/Office Space with Parking

      1,680 SF retail/office space with parking in Los Angeles.
      5759 Lankershim Blvd, Los Angeles, CA 91601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,340 SF

      North Hollywood Production Studio Sublease

      Freestanding building with production studio, cyc wall, editing bays.
      5250 Vineland Ave, North Hollywood, CA 91601
      View Details
    • Contact for pricing

      Lankershim Plaza

      Discover many ways to work your way in Lankershim Plaza
      5250 Lankershim Blvd, Los Angeles, CA 91601
      View Details
    • Contact for pricing

      Furnished Office Space Available

      Tailored office spaces with flexible options and global network.
      5250 Lankershim Blvd, North Hollywood, CA 91601
      View Details
    • $2 SF/Yr
      3,700 SF

      Creative Industrial Loft Space

      Creative industrial loft space available for rent in North Hollywood.
      10800 Burbank Blvd, North Hollywood, CA 91601
      View Details
    • Contact for pricing

      Move-In Ready North Hollywood Office

      Office space for rent in a prime North Hollywood location.
      5250 Lankershim Blvd, Los Angeles, CA 91601
      View Details
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    North Hollywood, CA 91601-2308
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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