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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Banks
12251 Ventura Blvd Studio City, CA 91604-2519
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8465768
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1971
Construction
TILT-UP CONCRETE
Total area
5,500 SF
Lot
1.1 ac (48,087 SF)
Zoning code
LAP
APN
2367-017-003
UPID
US09-8465768
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
-
Wells Fargo Bank Bank Loan Service
-
Wells Fargo ATM Atm
-
Wells Fargo Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.84M
Blend (final)
Blend
$3.91M
Owner & transaction history
Fb Ventura Blvd LLC · 3 yrs held
Fb Ventura Blvd LLC
since 2023
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
LAP · Studio City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.3M
+40.6%
Office building
$3.9M
+26.7%
Restaurant
$3.4M
+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
$3,800,000
ML approach
$3,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$3,080,000
Current use
RETAIL STORES
$4,330,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$3,900,000
Change: +27% · Conversion: Difficult
RESTAURANT
$3,410,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,345,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,580,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,520,000
Change: -18% · Conversion: Difficult
MEDICAL BUILDING
$2,500,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±10% · vs last sale $4.00M (Jan 6 2023)
Last sale anchor
$4.00M
Jan 6 2023
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
$710 / 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
$109,664
Tax year 2024
Assessed value
$8,425,990
Assessed 2024
Previous assessed
$8,425,990
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$7,916,611
Assessed improvement
$509,379
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,500 SF
Lot
1.1 ac (48,087 SF)
Zoning code
LAP
APN
2367-017-003
UPID
US09-8465768
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Studio City, CA
Zoning LAP · permitted uses
LAP · 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
FINANCIAL BUILDING Current
Est. value
$3.1M
RETAIL STORES
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.9M
RESTAURANT
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
FINANCIAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Fb Ventura Blvd LLC
Entity
Free & Clear · 3 yrs held
Mailing address
24120 PARK RIVIERA BLVD #1110, CALABASAS, CA 91302-2533
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
$4,000,000
Fb Ventura Blvd LLC
Howard B Grobstein
Grant Deed
—
Apr 9, 2021
—
12251 Ventura Blvd LLC
Judy Gumbiner Cramin
Grant Deed
—
Jan 26, 2021
—
Bernstein,francine G Trust
Francine G Bernstein
Quit Claim Deed
—
Nov 16, 2020
—
12251 Ventura Boulevard LLC
Barry Gumbiner
Quit Claim Deed
related
—
Jul 23, 2020
—
Heskins,harold & Martha Trust
Harold Heskins
Affidavit Of Death
—
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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