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Property profile & analytics
OFF-MARKET
Estimated value
$5,805,000
Manufacturing properties
12423 Gladstone Ave Sylmar, CA 91342-5339
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6780997
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Construction
TILT-UP CONCRETE
Total area
49,040 SF
Lot
2 ac (86,951 SF)
Zoning code
LAM1
APN
2525-018-057
UPID
US09-6780997
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
$5.81M
Owner & transaction history
Gladstone Mti LLC · 11 yrs held
Gladstone Mti LLC
since 2015
7 recorded transactions
Zoning & alternative use
LAM1 · Sylmar, 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 Sylmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylmar 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
$118 / 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
$96,546
Tax year 2024
Assessed value
$7,427,745
Assessed 2024
Previous assessed
$7,427,745
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,481,755
Assessed improvement
$3,945,990
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
49,040 SF
Lot
2 ac (86,951 SF)
Zoning code
LAM1
APN
2525-018-057
UPID
US09-6780997
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · Sylmar, CA
Zoning LAM1 · permitted uses
LAM1 · Sylmar, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sylmar. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
2 ac
Current owner
From public records · entity-resolved
Gladstone Mti LLC
Entity
Mailing address
18653 VENTURA BLVD #532, TARZANA, CA 91356-4103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
May 2, 2024
—
Gladstone Mti LLC
—
Deed
related
$5,700,000 · Home Bank Of California
Oct 25, 2019
—
Gladstone Mti LLC
—
Deed
related
$3,250,000 · Private Individual
Jun 13, 2019
—
Gladstone Mti LLC
—
Deed
related
$3,250,000 · Private Individual
Jul 21, 2015
$282,000
Gladstone Mti LLC
Gladstone Multi-tenant Investm
Grant Deed
$3,100,000 · Readycap Com'l
Nov 1, 2011
$750,500
Gladstone Multi Tenant Investments
Gladstone Desoto LLC
Grant Deed
—
Oct 10, 2002
$3,300,000
Gladstone-desoto LLC
Rado,tr
Grant Deed
$2,475,000 · Hawthorne Savings Bank Fsb
Jun 24, 1992
—
Rado John
—
Deed Of Trust
related
—
Oct 5, 1990
$1,493,000
Timcor Financial
Gladtone Industr
Grant Deed
related
—
—
—
Gladstone Mti LLC
—
Deed Of Trust
related
$3,250,000 · Private Individual
—
—
Gladstone Multi-tenant Investm
—
Deed Of Trust
related
$3,100,000 · Readycap Com'l LLC
—
—
Gladstone Mti LLC
—
Loan Modification
related
$3,250,000 · Private Individual
—
—
Gladstone-desoto LLC
—
Deed Of Trust
related
$2,700,000 · Merrill Lynch Mortgage Lending
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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