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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Banks
12223 Ventura Blvd Studio City, CA 91604-2519
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8465788
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1973
Construction
TILT-UP CONCRETE
Total area
14,245 SF
Lot
0.31 ac (13,608 SF)
Zoning code
LAC2
APN
2367-017-015
UPID
US09-8465788
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
-
Bank of America Home Mortgage Loan Service Bank
-
Bank of America Financial Center Bank Loan Service
-
Mortgage, Bank of America Loan Service Bank
-
Bank of America ATM Atm Financial Consultant
-
Don Me Now Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.16M
Owner & transaction history
Broadway Tenth Of Studio City LLC · 11 yrs held
Broadway Tenth Of Studio City LLC
since 2014
7 recorded transactions
Zoning & alternative use
LAC2 · Studio City, 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 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
by Request
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$81 / 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
$212,669
Tax year 2024
Assessed value
$17,388,414
Assessed 2024
Previous assessed
$17,388,414
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$7,069,705
Assessed improvement
$10,318,709
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
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
14,245 SF
Lot
0.31 ac (13,608 SF)
Zoning code
LAC2
APN
2367-017-015
UPID
US09-8465788
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.
Building & site characteristics
From public records
Year built
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Broadway Tenth Of Studio City LLC
Entity
Mailing address
1370 BROADWAY2NDFL, NEW YORK, NY 10018-7302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2014
$17,200,000
Broadway Tenth Of Studio City LLC
Kayyem Properties LLC
Grant Deed
—
Apr 23, 2007
—
Kayyem Properties LLC
F O K Partnership LP
Quit Claim Deed
related
$6,500,000 · Morgan Stanley Mortgage Capital INC
Jan 29, 1998
—
Cyla
Cyla,
Quit Claim Deed
related
—
—
—
Kayyem Properties LLC
—
Deed Of Trust
related
$8,500,000 · First Republic Bancorp
—
—
Fok Ptshp
—
Deed Of Trust
related
$1,000,000 · Cedars Bank
—
—
F O K Partnership
—
Deed Of Trust
related
$3,250,000 · Cedars Bank
—
—
Fok Partnership
—
Deed Of Trust
related
$250,000 · Cedars Bank
—
—
Fok Partnership
—
Deed Of Trust
related
$800,000 · Individual
—
—
F O K Partnership
—
Deed Of Trust
related
$175,474 · Cedars Bank
—
—
F O K Partnership
—
Deed Of Trust
related
$150,000 · Cedars Bank
—
—
Kayyem Properties LLC
—
Deed Of Trust
related
$6,600,000 · First Republic Bank
—
—
F O K Partnership
—
Deed Of Trust
related
$1,650,000 · First Republic Thrift & Loan
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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