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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
11613 Pico Blvd Los Angeles, CA 90064-2908
Individually Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8129328
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1947
Construction
WOOD
Total area
1,706 SF
Lot
0.06 ac (2,765 SF)
Zoning code
LAC2
APN
4260-027-018
UPID
US09-8129328
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
-
gr8skin MedSpa Spa & Massage Center Alternative Medicine Practice
-
Great Skin, Bradley J. Friedman, M.D. Inc. Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
Bradley J Friedman · 17 yrs held
Bradley J Friedman
since 2008
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+31.0%
Auto repair, garage
$925,000
+8.3%
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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$415,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Current use
RETAIL STORES
$1,120,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$925,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$775,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$725,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$402 / 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
$17,746
Tax year 2024
Assessed value
$1,451,877
Assessed 2024
Previous assessed
$1,451,877
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,199,383
Assessed improvement
$252,494
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,706 SF
Lot
0.06 ac (2,765 SF)
Zoning code
LAC2
APN
4260-027-018
UPID
US09-8129328
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CAZoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$855,000
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$925,000
MEDICAL BUILDING
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$725,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1947
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Bradley J Friedman
Individual
Free & Clear · 17 yrs held
Mailing address
2928 CORRAL CYN RD, MALIBU, CA 90265-2915
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2008
$1,150,000
Bradley J Friedman
Mid-city Asset Management LLC
Grant Deed
—
Jul 3, 2008
—
Mid City Asset Management LLC
Edwin A Colon
Grant Deed
$600,000 · Farmers & Merchants Bank Of Long Be
Jul 21, 2005
—
Colon Edwin A Trust
Colon Edwin A Trust
Quit Claim Deed
related
—
Apr 18, 2003
—
Edwin A Colon
Colon,tr
Quit Claim Deed
related
—
Dec 15, 1999
$403,000
Colon Trust
Abergel Trust
Grant Deed
$362,700 · California Bank & Trust
Sep 16, 1998
$215,000
Alergal Trust
Rouss,arnold & Gertrude
Grant Deed
$215,000 · Seller
Sep 29, 1959
—
—
—
Grant Deed
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.
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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