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Property profile & analytics
OFF-MARKET
Estimated value
$3,430,000
Warehouses
12023 Victory Blvd North Hollywood, CA 91606-3318
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8216150
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Construction
TILT-UP CONCRETE
Total area
16,413 SF
Lot
0.38 ac (16,720 SF)
Zoning code
LAC2
APN
2322-007-054
UPID
US09-8216150
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
-
Barger Lite Big Box & Wholesale Store Building Supply
-
Dynamic Dimmer Boxes (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
$3.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.43M
Owner & transaction history
Shb LLC
Shb LLC
since 2026
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
LAC2 · North Hollywood, 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 North Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Hollywood 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
$3,860,000
ML approach
$3,800,000
CAP Approach
CAP Return
Estimation
6%
$3,560,000
6.5%
$3,285,000
7%
$3,050,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,820,000
Current use
Blend value · Realmo final
$3.43M
Range $3.09M – $3.77M · ±10% · vs last sale $3.10M (Sep 1 2020)
Last sale anchor
$3.10M
Sep 1 2020
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
$209 / 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
$41,446
Tax year 2024
Assessed value
$3,289,744
Assessed 2024
Previous assessed
$3,289,744
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,653,020
Assessed improvement
$636,724
Applied tax rate
8.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
16,413 SF
Lot
0.38 ac (16,720 SF)
Zoning code
LAC2
APN
2322-007-054
UPID
US09-8216150
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · North Hollywood, CAZoning LAC2 · permitted uses
LAC2 · North Hollywood, 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
WAREHOUSE, STORAGE Current
Est. value
$4.8M
WAREHOUSE, STORAGE 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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Shb LLC
Entity
Mailing address
12521 OXNARD ST, NORTH HOLLYWOOD, CA 91606-4416
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
—
Shb LLC
Shf 12023 Victory LLC
Grant Deed
—
Sep 8, 2020
—
Shf 12023 Victory LLC
—
Deed
related
$1,575,000 · Zions First Nat'l Bk
Sep 1, 2020
$3,100,000
Shf 12023 Victory LLC
Richard Medvitz
Grant Deed
$1,575,000 · Zb NA
Sep 1, 2020
—
12023 Victory LLC
—
Deed
related
$1,575,000 · Zions First Nat'l Bk
Jun 10, 2016
—
Medvitz,richard & Judy Trust
Medvitz,richard & Judy
Quit Claim Deed
related
—
Aug 26, 1996
—
Mark A Slotkin
Slotkin,g
Quit Claim Deed
related
—
Aug 26, 1996
$640,000
Medvitz,richard & Judy
1501 Main Co
Trustees Deed
—
—
—
Richard Medvitz
—
Deed Of Trust
related
$480,000 · Bank Of The West
—
—
Shf 12023 Victory LLC
—
Deed Of Trust
related
$1,575,000 · Zions First Nat'l Bk
—
—
12023 Victory LLC
—
Deed Of Trust
related
$1,575,000 · Zions First Nat'l Bk
—
—
Richard Medvitz
—
Deed Of Trust
related
$256,000 · Wells Fargo Bank
—
—
Richard Medvitz
—
Deed Of Trust
related
$264,000 · California Statewide Certified
—
—
Richard Medvitz
—
Deed Of Trust
related
$320,000 · Wells Fargo Bank
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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