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Property profile & analytics
OFF-MARKET
Apartment buildings
1223 Verdugo Ave Burbank, CA 91506-2547
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6897230
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
5,916 SF
Lot
0.21 ac (8,936 SF)
Zoning code
BUR3*
APN
2446-030-004
UPID
US09-6897230
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1223 W Verdugo Avenue LP · 1 yrs held
1223 W Verdugo Avenue LP
since 2024
7 recorded transactions
Zoning & alternative use
BUR3* · Burbank, 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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
—
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
$9,827
Tax year 2024
Assessed value
$800,311
Assessed 2024
Previous assessed
$800,311
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$319,461
Assessed improvement
$480,850
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Total area
5,916 SF
Lot
0.21 ac (8,936 SF)
Zoning code
BUR3*
APN
2446-030-004
UPID
US09-6897230
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUR3* · Burbank, CA
Zoning BUR3* · permitted uses
BUR3* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
6
Lot
0.21 ac
Current owner
From public records · entity-resolved
1223 W Verdugo Avenue LP
Entity
Mailing address
114 S SUNSET CYN DR, BURBANK, CA 91501-1102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
—
1223 W Verdugo Avenue LP
Carl Mersola
Quitclaim Deed
related
—
Apr 16, 2020
—
Carl Mersola
—
Deed
related
$550,000 · First Foundation Bank
Mar 31, 2020
—
Carl Mersola
—
Deed
related
$550,000 · First Foundation Bank
Jul 28, 2017
—
Mersola,carl & Cynthia J S Trust
Mersola,carl
Quit Claim Deed
related
—
Jul 21, 2017
—
Carl Mersola
Mersola,bret M
Quit Claim Deed
related
—
Mar 4, 2011
—
Carl Mersola
Carl Mersola
Intrafamily Transfer
related
$400,000 · Luther Burbank Savings
May 27, 1998
—
Carl Mersola
Mersola,c
Quit Claim Deed
related
—
Jul 22, 1994
—
Carl Mersola
Mersola,c J
Quit Claim Deed
related
—
—
—
Mersola Brothers
—
Deed Of Trust
related
$100,000 · Hawley Peter&mar
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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