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Property profile & analytics
OFF-MARKET
Estimated value
$8,980,000
Banks
12191 Ventura Blvd Studio City, CA 91604-2515
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8465781
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1949
Construction
WOOD
Total area
9,320 SF
Lot
0.47 ac (20,520 SF)
Zoning code
LAC2
APN
2367-017-011
UPID
US09-8465781
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
-
Citibank ATM Atm
-
Citi Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.20M
Blend (final)
Blend
$8.98M
Owner & transaction history
College Plaza Holdings LLC · 4 yrs held
College Plaza Holdings LLC
since 2022
Last sale
$9.9M
4 recorded transactions
Zoning & alternative use
LAC2 · Studio City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.3M
+40.6%
Office building
$6.6M
+26.7%
Restaurant
$5.8M
+10.7%
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 Studio City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Studio City 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
$8,720,000
ML approach
$8,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,340,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$6,610,000
Change: +27% · Conversion: Difficult
RESTAURANT
$5,780,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,670,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$8.98M
Range $8.08M – $9.88M · ±10% · vs last sale $9.90M (Jun 16 2022)
Last sale anchor
$9.90M
Jun 16 2022
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
$964 / 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
$141,870
Tax year 2024
Assessed value
$11,489,796
Assessed 2024
Previous assessed
$11,489,796
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$6,731,397
Assessed improvement
$4,758,399
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,320 SF
Lot
0.47 ac (20,520 SF)
Zoning code
LAC2
APN
2367-017-011
UPID
US09-8465781
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Studio City, CA
Zoning LAC2 · permitted uses
LAC2 · Studio City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Studio City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$7.3M
OFFICE BUILDING
Est. value
$6.6M
RESTAURANT
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
RETAIL STORES
OFFICE BUILDING
RESTAURANT
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
1949
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
College Plaza Holdings LLC
Entity
Mailing address
802 N WHITTIER DR, BEVERLY HILLS, CA 90210-3029
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
—
College Plaza Holdings LLC
College Plaza Holdings LLC
Intrafamily Transfer
related
$3,250,000 · First Republic Bank
Sep 11, 2015
$9,900,000
College Plaza Holdings LLC
Cp Sunshine LLC
Grant Deed
$3,800,000 · Mufg Union Bank NA
Feb 4, 2014
$6,746,567
Cp Sunshine LLC
Citibank NA
Grant Deed
$147,883,516 · Spt Ca Fundings 2 LLC
Jan 1, 1968
—
Glendale Federal Sav & Lnassn
—
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.
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