Trust Owned Property summary
AI-generated overview
The property is a six-unit multifamily apartment building located south of Ventura Blvd in Sherman Oaks. The unit mix consists of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one studio/1-bath unit, for a total of 8 bedrooms and 6 bathrooms. The building is approximately 4,858 square feet in size and sits on a lot described as 0 acres. It presents redevelopment and renovation/upgrade potential, and is positioned in a residential context with proximity to shopping, dining, entertainment, and public transportation, as well as being within minutes of the 101 and 405 Freeways and LAX. The property has historically been offered in as-is condition.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Construction
WOOD
Total area
4,858 SF
Lot
0.31 ac (13,436 SF)
Zoning code
LARD1.5
APN
2266-005-010
UPID
US09-6209863
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$285k
Owner & transaction history
since 2025
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
LARD1.5 · Sherman Oaks, CA
Top alternative use upside
Medical building
$2.2M
+39.8%
Commercial (general)
$2.1M
+32.4%
Office building
$1.8M
+12.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 17 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$285k
Value range
$257k – $314k
±10% around blend
Estimated value / SF
$59 / SF
Confidence
High
17 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$257k
blend $285k
$314k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,858 SF
Lot area
0.31 ac
Year built
1948
APN
2266-005-010
Zoning
LARD1.5
Assessed value
$177,569
Annual tax
$3,403
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.21M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.31M
@ 6.5% CAP return
$1.21M
@ 7% CAP return
$1.12M
4
Sales comparison
Partial preview
Sales approach indication
$1.71M
Weighted, 17 comps · high confidence
Evidence
17 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.1 mi away · 5,480 SF
1.1 mi away · 4,233 SF
1.7 mi away · 5,322 SF
1.8 mi away · 4,014 SF
2.0 mi away · 3,890 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$285k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 72 sales
$325
-82%
Submarket 555 sales
$238
-75%
County 11934 sales
$264
-78%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $59/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+40%
vs current-use indication
Commercial (general)
Office Building
Apartment House (5+ Units) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 17 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.60M
Move the market yield to see immediate price impact.
Value / SF
$329
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$101k
$2.02M
$1.44M
$1.12M
$112k
$2.24M
$1.60M
$1.24M
$123k
$2.46M
$1.76M
$1.37M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
17 found
High confidence · county-verified
Closest comparable
$2.48M
0.6 mi · Oct 2025 · $401/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,403
Tax year 2024
Assessed value
$177,569
Assessed 2024
Previous assessed
$177,569
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$80,973
Assessed improvement
$96,596
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
YES
Units
6
Bathrooms
6
Total area
4,858 SF
Lot
0.31 ac (13,436 SF)
Zoning code
LARD1.5
APN
2266-005-010
UPID
US09-6209863
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Sherman Oaks, CAZoning LARD1.5 · permitted uses
LARD1.5 · Sherman Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Bathrooms
6
Lot
0.31 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LARD1.5
Jurisdiction
Sherman Oaks, CA
Recorded code
LARD1.5
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Debt & historyRecorded loans and transaction history
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