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Property profile & analytics
OFF-MARKET
Estimated value
$5,960,000
Apartment buildings
11911 Weddington St, Valley Village, CA 91607-2852
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8165522
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
36,121 SF
Lot
0.59 ac (25,485 SF)
Zoning code
LAR3
APN
2348-012-027
UPID
US09-8165522
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
-
Weddington Mid-Rise Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.96M
Owner & transaction history
Ramin Akhavan
Ramin Akhavan
since 2026
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
LAR3 · Valley Village, 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 Valley Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley Village 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,215,000
Current use
Blend value · Realmo final
$5.96M
Range $5.36M – $6.56M · ±10% · vs last sale $6.98M (Feb 13 2026)
Last sale anchor
$6.98M
Feb 13 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
$165 / 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
$99,378
Tax year 2024
Assessed value
$7,907,910
Assessed 2024
Previous assessed
$7,907,910
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,413,487
Assessed improvement
$4,494,423
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
1963
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
31
Bathrooms
45
Total area
36,121 SF
Lot
0.59 ac (25,485 SF)
Zoning code
LAR3
APN
2348-012-027
UPID
US09-8165522
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Valley Village, CA
Zoning LAR3 · permitted uses
LAR3 · Valley Village, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Valley Village. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS) Current
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
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
31
Bathrooms
45
Lot
0.59 ac
Current owner
From public records · entity-resolved
Ramin Akhavan
Individual
Mailing address
22287 MULHOLLAND HWY #242, CALABASAS, CA 91302-5157
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
$6,975,000
Ramin Akhavan
Weddington Midrise Apartments LLC
Grant Deed
$4,130,000 · Jpmorgan Chase Bank NA
Jul 24, 2020
—
Weddington Midrise Apartments LLC
—
Deed
related
$4,250,000 · City National Bank
May 2, 2017
—
Castle Heights Midrise Apartme
—
Grant Deed
related
$14,800,000 · Wells Fargo Bk
Mar 30, 2017
$6,950,000
Weddington Midrise Apartments LLC
Eschrich Enterprises INC
Grant Deed
—
Jan 8, 1993
$1,907,000
Eschrich Enterprises INC
11911 Weddington
Grant Deed
$1,430,250 · Home Savings Of America
—
—
Eschrich Enterprises INC
—
Deed Of Trust
related
$1,300,000 · California Federal Bank
—
—
11911 Weddington
—
Deed Of Trust
related
$1,000,100 · Newamerica Sla
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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