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Property profile & analytics
OFF-MARKET
Estimated value
$2,920,000
Office buildings
14557 Friar St, Van Nuys, CA 91411-2312
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6824110
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Construction
WOOD
Total area
7,875 SF
Lot
0.23 ac (10,130 SF)
Zoning code
LAC2
APN
2241-004-014
UPID
US09-6824110
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
-
FGGM Valley Association / Organization
-
Rx Ingredient Pharmacy
-
Ace Builders & Design Inc Construction Company
-
Sunergy Solutions Inc Electrical Service
-
Results Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.99M
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.92M
Owner & transaction history
Friar View LLC · 4 yrs held
Friar View LLC
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
LAC2 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.8M
+66.8%
Restaurant
$4.4M
+53.4%
Retail stores
$4.2M
+45.9%
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 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
$2,945,000
ML approach
$2,985,000
CAP Approach
CAP Return
Estimation
6%
$3,060,000
6.5%
$2,825,000
7%
$2,625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,875,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,795,000
Change: +67% · Conversion: Difficult
RESTAURANT
$4,410,000
Change: +53% · Conversion: Moderate
RETAIL STORES
$4,190,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$3,580,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,390,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,435,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.92M
Range $2.63M – $3.21M · ±10% · vs last sale $2.93M (May 16 2022)
Last sale anchor
$2.93M
May 16 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
$371 / 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
$37,638
Tax year 2024
Assessed value
$3,043,170
Assessed 2024
Previous assessed
$3,043,170
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,434,536
Assessed improvement
$608,634
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1924
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
7,875 SF
Lot
0.23 ac (10,130 SF)
Zoning code
LAC2
APN
2241-004-014
UPID
US09-6824110
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Van Nuys, CA
Zoning LAC2 · permitted uses
LAC2 · 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
OFFICE BUILDING Current
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
RESTAURANT
Est. value
$4.4M
RETAIL STORES
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1924
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Friar View LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3860 CAPITOL AVE, CITY OF INDUSTRY, CA 90601-1733
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
$2,925,000
Friar View LLC
Los Rubanenkos LLC
Grant Deed
—
Jan 3, 2014
$1,275,000
Los Rubanenkos LLC
Yoon T Lim
Grant Deed
$750,000 · First National Bank
Nov 18, 2009
—
Lim Yoon T & H C Living Trust
Lim Y T & H C Living Trust
Quit Claim Deed
related
—
Dec 7, 2004
$2,170,000
Lim Yoon T & Heeje C Trust
Cooper-friar LLC
Grant Deed
$525,000 · Jackson Federal Bank
Dec 13, 2002
$610,000
Cooper-friar LLC
Bodner,karl H & Renee
Grant Deed
$335,500 · Rubinstein Trust
—
—
Cooper-friar LLC
—
Deed Of Trust
related
$1,130,000 · Mcaaa INC
—
—
Cooper-frair LLC
—
Deed Of Trust
related
$160,000 · Thomas B White
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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