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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Retail space
13054 Sherman Way North Hollywood, CA 91605-4955
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6202119
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
TILT-UP CONCRETE
Total area
7,696 SF
Lot
0.34 ac (14,795 SF)
Zoning code
LAC2
APN
2327-017-042
UPID
US09-6202119
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
$2.62M
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$3.32M
Owner & transaction history
Mebo Bathroom Furniture LLC · 1 yrs held
Mebo Bathroom Furniture LLC
since 2025
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
LAC2 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+19.1%
Neighborhood: shopping center
$4.7M
+16.9%
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%
$2,840,000
6.5%
$2,620,000
7%
$2,430,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,005,000
Current use
RESTAURANT
$4,770,000
Change: +19% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,685,000
Change: +17% · Conversion: Moderate
OFFICE BUILDING
$3,795,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,610,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,525,000
Change: -12% · Conversion: Difficult
MEDICAL BUILDING
$3,500,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10% · vs last sale $3.28M (Jan 18 2025)
Last sale anchor
$3.28M
Jan 18 2025
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
$431 / 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
$20,070
Tax year 2024
Assessed value
$1,540,613
Assessed 2024
Previous assessed
$1,540,613
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$901,650
Assessed improvement
$638,963
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,696 SF
Lot
0.34 ac (14,795 SF)
Zoning code
LAC2
APN
2327-017-042
UPID
US09-6202119
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · North Hollywood, CA
Zoning 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
North Hollywood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.0M
RESTAURANT
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
OFFICE BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Mebo Bathroom Furniture LLC
Entity
Mailing address
13341 KITTRIDGE ST, VAN NUYS, CA 91401-1231
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2025
$3,280,000
Mebo Bathroom Furniture LLC
Don Dongkeun Lee
Grant Deed
$500,000 · Shiyuan Ren Etux
Jan 25, 2019
—
Lee,don D & Donna D Living Trust
Lee,don D & Donna D
Quit Claim Deed
related
—
Apr 18, 2018
—
Dong K Lee
—
Deed
related
$575,000 · Hanmi Bk
Oct 31, 2014
—
Don D Lee
Lee,dong K & Duck H
Quit Claim Deed
related
—
Dec 27, 2002
—
Dong K Lee
Bagherpour,mehdi R & Shiva N
Grant Deed
$682,500 · Bank Of Canton
Jun 21, 1999
—
Medhi R Baghepour
—
Deed Of Trust
related
—
—
—
Dong K Lee
—
Deed Of Trust
related
$650,000 · Hanmi Bank
—
—
Dong K Lee
—
Deed Of Trust
related
$575,000 · Hanmi Bank
—
—
Dong K Lee
—
Loan Modification
related
$575,000 · Hanmi Bk
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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