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Property profile & analytics
OFF-MARKET
Estimated value
$8,040,000
Community centers
12904 Sherman Way North Hollywood, CA 91605-4953
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6195676
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Construction
TILT-UP CONCRETE
Total area
29,958 SF
Lot
1.58 ac (68,614 SF)
Zoning code
LAC2
APN
2327-018-072
UPID
US09-6195676
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
-
Vartashen Meat Market Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.04M
Owner & transaction history
Sherman Plaza Enterprises LLC · 19 yrs held
Sherman Plaza Enterprises LLC
since 2006
6 recorded transactions
Zoning & alternative use
LAC2 · North Hollywood, 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 North Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Hollywood 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%
$11,835,000
6.5%
$10,925,000
7%
$10,145,000
Blend value · Realmo final
$8.04M
Range $7.24M – $8.84M · ±10%
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
$268 / 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
$87,313
Tax year 2024
Assessed value
$6,755,549
Assessed 2024
Previous assessed
$6,755,549
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$3,087,038
Assessed improvement
$3,668,511
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
29,958 SF
Lot
1.58 ac (68,614 SF)
Zoning code
LAC2
APN
2327-018-072
UPID
US09-6195676
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · North Hollywood, CAZoning LAC2 · permitted uses
LAC2 · North Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.58 ac
Current owner
From public records · entity-resolved
Sherman Plaza Enterprises LLC
Entity
Mailing address
1536 S ALAMEDA ST, LOS ANGELES, CA 90021-2836
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2022
—
Sherman Plaza Enterprises LLC
—
Deed
related
$8,400,000 · Hanmi Bank
Dec 22, 2016
—
Sherman Plaza Enterprises LLC
—
Deed
related
$4,705,000 · Ctbc Bank Corp USA
Dec 1, 2006
—
Sherman Plaza Enterprises LLC
Sherman Plaza Enterprises
Quit Claim Deed
related
$6,000,000 · Chinatrust Bank USA
Nov 13, 2006
—
Sherman Plaza Ents
Hashemieh,farajolah
Quit Claim Deed
related
—
Jun 15, 1999
—
Sherman Plaza Enterprises
—
Deed Of Trust
related
—
—
—
Sherman Plaza Enterprises
—
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.
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