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Property profile & analytics
FOR SALE
Turn key restaurants
13311 Sherman Way North Hollywood, CA 91605
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6205175
For Sale
1 / 54
$7,950,000
13311 Sherman Way, North Hollywood, CA 91605
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1953
Construction
WOOD
Total area
21,784 SF
Lot
0.43 ac (18,883 SF)
Zoning code
LACM
APN
2328-028-037
UPID
US09-6205175
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
-
Lighthouse Paros Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.06M
Owner & transaction history
13311 Sherman Way LLC · 3 yrs held
13311 Sherman Way LLC
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
LACM · 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
$5,835,000
ML approach
$5,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.06M
Range $5.45M – $6.67M · ±10% · vs last sale $6.30M (Aug 24 2022)
Last sale anchor
$6.30M
Aug 24 2022
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
$278 / 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
$79,773
Tax year 2024
Assessed value
$6,426,000
Assessed 2024
Previous assessed
$6,426,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,927,800
Assessed improvement
$4,498,200
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
21,784 SF
Lot
0.43 ac (18,883 SF)
Zoning code
LACM
APN
2328-028-037
UPID
US09-6205175
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM · North Hollywood, CA
Zoning LACM · permitted uses
LACM · 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.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
13311 Sherman Way LLC
Entity
Mailing address
22101 BEAR TOOTH DR, GOLDEN, CO 80403-8044
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Aug 24, 2022
$6,300,000
13311 Sherman Way LLC
Karine Kanimyan
Grant Deed
—
Jun 3, 2019
—
Karine Kanimyan
—
Deed
related
$3,575,000 · Harvest Small Busn Fin LLC
Feb 8, 2018
—
Karine Kanimyan
—
Trustees Deed
related
$50,000 · Mm Group LLC
Jan 31, 2018
$3,200,000
Karine Kanimyan
Sherman Way Ventures LLC
Grant Deed
$2,700,000 · Argosha 1 INC
Nov 9, 2017
—
Sherman Way Ventures LLC
—
Deed
related
$2,000,000 · Lone Oak Fund
Sep 19, 2017
$2,100,000
Sherman Way Ventures LLC
Oganesyan Arment & E Trust
Grant Deed
$2,000,000 · Forbix Cap
Mar 31, 2003
—
Oganesyan,tr
Zaki Family Partnetship LP
Grant Deed
related
$1,035,000 · Us Bank NA
Jan 29, 1996
—
Zaki
Zaki,g & V Trustees
Quit Claim Deed
related
—
May 4, 1993
—
George Zaki JR.
—
Deed Of Trust
related
—
—
—
Karine Kanimyan
—
Deed Of Trust
related
$3,575,000 · Harvest Small Busn Fin LLC
—
—
Sherman Way Ventures LLC
—
Deed Of Trust
related
$2,000,000 · Lone Oak Fund
—
—
Oganesyan Armen & Elena Trust
—
Deed Of Trust
related
$1,019,343 · Alliance Bank
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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