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Property profile & analytics
OFF-MARKET
Estimated value
$3,375,000
Apartment buildings
12241 Burbank Blvd Valley Village, CA 91607-1772
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-8668937
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
28,145 SF
Lot
0.51 ac (22,401 SF)
Zoning code
LAR3
APN
2340-020-022
UPID
US09-8668937
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
-
OmniComm Solutions Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Christie's Massage (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.38M
Owner & transaction history
David Back · 2 yrs held
David Back
since 2024
7 recorded transactions
Zoning & alternative use
LAR3 · Valley Village, 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 Valley Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley Village 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
$120 / 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
$50,272
Tax year 2024
Assessed value
$3,861,811
Assessed 2024
Previous assessed
$3,861,811
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,978,804
Assessed improvement
$1,883,007
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
32
Bathrooms
36
Total area
28,145 SF
Lot
0.51 ac (22,401 SF)
Zoning code
LAR3
APN
2340-020-022
UPID
US09-8668937
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Valley Village, CA
Zoning LAR3 · permitted uses
LAR3 · Valley Village, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Valley Village. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
32
Bathrooms
36
Lot
0.51 ac
Current owner
From public records · entity-resolved
David Back
Individual
Mailing address
12716 RIVERSIDE DR VLY VILLAGE
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
David Back
Monika Draggoo
Affidavit Death Of Trustee/successor Trustee
—
Jul 8, 2021
—
Peter Andrew Coeler
—
Deed
related
$6,293,000 · Pacific Premier Bank
Mar 28, 2019
—
Peter Andrew Coeler
Peter Coeler
Intrafamily Transfer
related
$5,200,000 · Opus Bank
Jul 23, 2009
—
Peter Coeler
Pbm Group 9 LLC
Grant Deed
—
Jan 13, 2009
—
David Back
David Back
Intrafamily Transfer
related
$3,000,000 · First Federal Bank Of California
Jan 10, 2008
—
Pbm Group 9 LLC
Coeler,peter A & Barbara C
Grant Deed
—
Jul 7, 2003
—
Monika Draggoo
Back,david
Grant Deed
related
—
Feb 6, 2003
—
P Coeler
Winer,tr
Grant Deed
related
$1,900,000 · Washington Mutual Fsb
Jun 21, 1996
—
Winer,david H & Sydell Trustees
Winer,d H & S
Quit Claim Deed
related
—
Jun 2, 1989
—
Ken Hellie
Helli
Quit Claim Deed
related
—
Jun 2, 1989
$629,500
Winer David H&sy
Silverman Realty
Trustees Deed
related
—
Jun 2, 1989
$100,000
Carter Phillip L
Duchess
Trustees Deed
related
$100,000 · Silverman Realty
—
—
David H Winer
—
Deed Of Trust
related
$150,000 · 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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