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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Investment properties
14545 Erwin St Van Nuys, CA 91411-2341
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8634204
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2002
Construction
TILT-UP CONCRETE
Total area
8,900 SF
Lot
0.32 ac (14,009 SF)
Zoning code
LAC1.5
APN
2241-012-027
UPID
US09-8634204
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
-
Social Vocational Services Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.58M
Owner & transaction history
Wisdom & Virtue Properties LLC · 7 yrs held
Wisdom & Virtue Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
LAC1.5 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.0M
+5.6%
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 Van Nuys submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Nuys 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%
$3,005,000
6.5%
$2,775,000
7%
$2,575,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,835,000
Current use
MEDICAL BUILDING
$4,045,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$3,245,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±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
$290 / 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
$46,578
Tax year 2024
Assessed value
$3,773,075
Assessed 2024
Previous assessed
$3,773,075
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,296,655
Assessed improvement
$1,476,420
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
4
Total area
8,900 SF
Lot
0.32 ac (14,009 SF)
Zoning code
LAC1.5
APN
2241-012-027
UPID
US09-8634204
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1.5 · Van Nuys, CA
Zoning LAC1.5 · permitted uses
LAC1.5 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Van Nuys. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE 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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Lot
0.32 ac
Current owner
From public records · entity-resolved
Wisdom & Virtue Properties LLC
Entity
Mailing address
114 ASTRONAUT ES ONIZUKA ST, LOS ANGELES, CA 90012-3810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2018
$3,450,000
Wisdom & Virtue Properties LLC
Sanwa Ent INC
Grant Deed
—
Jun 16, 2017
—
Sanwa Ent INC
—
Deed
related
$1,500,000 · East West Bk
May 6, 2014
$2,340,000
Sanwa Ent INC
14539 Erwin LLC
Grant Deed
—
Mar 18, 2008
—
14539 Erwin LLC
Kirk Fernandez
Quit Claim Deed
related
$1,000,000 · Citibank NA
Aug 17, 2007
—
14539 Erwin LLC
Fernandez,kirk
Grant Deed
—
Apr 9, 2007
$1,850,000
Kirk Fernandez
Mac Laurin Properties
Grant Deed
—
Sep 28, 2001
—
Properties Gp Mac Laurin
—
Trustees Deed
related
$950,000 · Preferred Bank
Sep 29, 2000
—
Prop Maclaurin
Grant,a & J Trustees
Grant Deed
related
—
Aug 8, 1997
$240,000
Grant Trust
Erlich,antoinette
Grant Deed
$190,000 · Loew Trust
—
—
Sanwa Ent INC
—
Loan Modification
related
$1,500,000 · East West Bk
—
—
14539 Erwin LLC
—
Deed Of Trust
related
$1,000,000 · Bank Of America
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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