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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Office buildings
12345 Ventura Blvd Studio City, CA 91604-2511
Trust Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7994625
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
TILT-UP CONCRETE
Total area
11,686 SF
Lot
0.21 ac (9,001 SF)
Zoning code
LAC2
APN
2367-018-054
UPID
US09-7994625
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
-
Encore Escrow Company Bank Loan Service
-
Alan Parness Real Estate Agency
-
Hope Faust, Rodeo Realty Real Estate Agency
-
Tracy Anderson Method Studio Gym & Fitness Center
-
Rodeo Realty Studio City Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.61M
Owner & transaction history
Franco Trust 1 · 13 yrs held
Franco Trust 1
since 2013
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$223 / 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
$24,370
Tax year 2024
Assessed value
$1,710,123
Assessed 2024
Previous assessed
$1,710,123
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$732,907
Assessed improvement
$977,216
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
11,686 SF
Lot
0.21 ac (9,001 SF)
Zoning code
LAC2
APN
2367-018-054
UPID
US09-7994625
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
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Franco Trust 1
Trust
Free & Clear · 13 yrs held
Mailing address
1835 EL CAMINO DE LA LUZ, SANTA BARBARA, CA 93109-1924
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2013
—
Franco Trust 1
Franco Trust 1
Quit Claim Deed
related
—
Jul 20, 2011
—
Franco Trust 1
Franco,rafael & Linda L
Quit Claim Deed
related
—
Apr 21, 1995
—
Rafael Franco
Kia-ventura Blvd Assoc
Grant Deed
$750,000 · Fremont Investment & Loan
Apr 11, 1995
—
Kia-ventura Blvd Assoc LLC
Wcp-12345 Ventura Blvd Assoc
Deed Of Trust
related
$4,201,837 · Fremont Investment & Loan
Aug 2, 1989
$1,000
Wcp 12345 Ventura Blvd Assoc
Unknown
Grant Deed
related
—
—
—
Wcp-12345 Venutra Blvd Assoc
—
Deed Of Trust
related
$325,000 · Cmp Partners
—
—
Rafael Franco
—
Deed Of Trust
related
$400,000 · Wells Fargo Bank
—
—
Rafael Franco
—
Deed Of Trust
related
$410,500 · Wells Fargo Bank
—
—
Rafael Franco
—
Deed Of Trust
related
$414,000 · California Statewide Certified
—
—
Wcp-12345 Venutra Blvd Assoc
—
Deed Of Trust
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.
Try Rey
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