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Property profile & analytics
FOR LEASE
Office buildings
12650 Riverside Dr Valley Village, CA 91607
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8597879
For Lease
1 / 10
$4,945,000
12650 Riverside Dr, Valley Village, CA 91607
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1973
Construction
WOOD
Total area
16,280 SF
Lot
0.52 ac (22,848 SF)
Zoning code
LACR
APN
2357-032-002
UPID
US09-8597879
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
-
Ralph B Kostant Law Offices Law Firm
-
Schlesinger Lewis Law Firm
-
Johnson Barbara E Law Firm
-
12650 Riverside Dr Office Building Physician
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.84M
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$4.95M
Owner & transaction history
12650 Riverside Holdings LLC · 1 yrs held
12650 Riverside Holdings LLC
since 2024
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
LACR · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,325,000
6.5%
$5,840,000
7%
$5,425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,030,000
Current use
COMMERCIAL (GENERAL)
$7,635,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,455,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$7,400,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$4.95M
Range $4.45M – $5.44M · ±10% · vs last sale $5.14M (Sep 26 2024)
Last sale anchor
$5.14M
Sep 26 2024
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
$304 / 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
$74,740
Tax year 2024
Assessed value
$6,050,483
Assessed 2024
Previous assessed
$6,050,483
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$4,123,993
Assessed improvement
$1,926,490
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
PROFESSIONAL BUILDING
Status
For Lease
Year built
1973
Construction
WOOD
Heating
NONE
Stories
1
Total area
16,280 SF
Lot
0.52 ac (22,848 SF)
Zoning code
LACR
APN
2357-032-002
UPID
US09-8597879
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACR · Valley Village, CA
Zoning LACR · permitted uses
LACR · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$7.4M
OFFICE BUILDING Current
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
1973
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
12650 Riverside Holdings LLC
Entity
Mailing address
12650 RIVERSIDE DR STE #203, VALLEY VILLAGE, CA 91607-3445
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
$5,140,000
12650 Riverside Holdings LLC
Mjm Riverside LLC
Grant Deed
$2,850,000 · First Citizens Bank & Trust Co
Sep 12, 2014
$2,478,500
Mjm Riverside LLC
12650 Riverside Drive LLC
Grant Deed
—
May 18, 2006
—
12650 Riverside Drive LLC
Sherman Village LLC
Grant Deed
$2,796,000 · Column Financial INC
May 16, 2003
$2,525,000
Sherman Village LLC
12650 Investment Ltd
Grant Deed
$1,000,000 · Sheldon & Ann L Rubin
Sep 15, 1999
$1,925,000
12650 Investments Ltd
Riverside Project Ltd
Grant Deed
$1,425,000 · Seller
Aug 16, 1999
—
Vda Management Servs
Riverside,project
Quit Claim Deed
related
—
Jan 22, 1992
$130,000
Riverside Projec
Maynard,william
Grant Deed
$400,000 · Individual
—
—
Riverside Project Ltd
—
Deed Of Trust
related
$450,000 · Diane L Middleton Apc Psp
—
—
Riverside Project Ltd
—
Deed Of Trust
related
$48,700 · Us Small Business Admn
—
—
12650 Investments Ltd
—
Deed Of Trust
related
$1,500,000 · American Business Bank
—
—
Sherman Village LLC
—
Deed Of Trust
related
$1,925,000 · Bank Of The West
—
—
Riverside Project Ltd
—
Deed Of Trust
related
$48,700 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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