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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Super regional malls
12141 Victory Blvd North Hollywood, CA 91606-3204
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-6431423
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1955
Construction
TILT-UP CONCRETE
Total area
10,082 SF
Lot
0.24 ac (10,625 SF)
Zoning code
LAC2
APN
2322-006-034
UPID
US09-6431423
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
-
Jilber Galadjian Nightclub Music Venue
-
Mirage Event Venue Hotel & Motel Resort
-
Queen of DanceSport Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
12141 Victory LLC · 4 yrs held
12141 Victory LLC
since 2022
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$148 / 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
$32,902
Tax year 2024
Assessed value
$2,627,028
Assessed 2024
Previous assessed
$2,627,028
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$985,133
Assessed improvement
$1,641,895
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
10,082 SF
Lot
0.24 ac (10,625 SF)
Zoning code
LAC2
APN
2322-006-034
UPID
US09-6431423
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · North Hollywood, CA
Zoning 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
North Hollywood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
12141 Victory LLC
Entity
Mailing address
12141 VICTORY BLVD, NORTH HOLLYWOOD, CA 91606-3204
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
—
12141 Victory LLC
Grigor G Galadjian
Grant Deed
—
Apr 16, 2007
$2,000,000
Greg Galadjian
Weinreich Family Trust
Grant Deed
$1,500,000 · Schaefer Funds LLC
Apr 16, 2007
—
Greg Galadjian
Galadjian,lusine
Quit Claim Deed
related
—
Oct 17, 2000
—
Weinreich,harriet Trustee
Weinreich H Trustee,
Quit Claim Deed
related
—
Sep 4, 1991
—
Weinreich,michael&harriet Trust
Weinreich,michael&harriet
Quit Claim Deed
related
—
—
—
Greg Galadjian
—
Deed Of Trust
related
$1,100,000 · First Republic Bank
—
—
Weinreich,michael&harriet Trust
—
Deed Of Trust
related
$32,000 · Us Small Business Admn
—
—
Weinreich,michael&harriet Trust
—
Deed Of Trust
related
$50,000
—
—
Weinreich,michael&harriet Trust
—
Deed Of Trust
related
—
—
—
Michael Weinreich
—
Deed Of Trust
related
$500,000 · Union Bank
—
—
Weinreich,michael,harriet Trust
—
Deed Of Trust
related
$62,400 · Us Small Business Admn
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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