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Property profile & analytics
OFF-MARKET
Estimated value
$3,645,000
Apartment buildings
14919 Sherman Way Van Nuys, CA 91405-2175
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6336077
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
27,685 SF
Lot
0.64 ac (27,818 SF)
Zoning code
LAR3
APN
2221-021-024
UPID
US09-6336077
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
-
Berkeley Management Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.65M
Owner & transaction history
605 S Normandie · 19 yrs held
605 S Normandie
since 2006
7 recorded transactions
Zoning & alternative use
LAR3 · Van Nuys, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,990,000
Current use
Blend value · Realmo final
$3.65M
Range $3.28M – $4.01M · ±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
$132 / 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
$60,533
Tax year 2024
Assessed value
$4,706,324
Assessed 2024
Previous assessed
$4,706,324
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,733,840
Assessed improvement
$2,972,484
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
30
Bathrooms
46
Total area
27,685 SF
Lot
0.64 ac (27,818 SF)
Zoning code
LAR3
APN
2221-021-024
UPID
US09-6336077
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Van Nuys, CA
Zoning LAR3 · permitted uses
LAR3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS) Current
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
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
30
Bathrooms
46
Lot
0.64 ac
Current owner
From public records · entity-resolved
605 S Normandie
Individual
Mailing address
5455 WILSHIRE BLVD STE #1108, LOS ANGELES, CA 90036-4274
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2006
$1,510,500
605 S Normandie
Charles Mak LLC
Grant Deed
—
Oct 27, 2006
—
Charles Mak LLC
605 S Normandie
Grant Deed
related
—
Jun 28, 2005
—
Sam Jenkala
Jenkala,ziva
Quit Claim Deed
$2,100,000 · Washington Mutual Bank Fa
Apr 23, 2003
$2,416,000
Salmojen LP
Fms Xiii LLC
Grant Deed
$1,932,800 · Abn Amro Mortgage Group INC
Aug 8, 2002
$1,950,000
Fms Xii LLC
Robin,tr
Grant Deed
$1,400,000 · First Federal Bank Ca
Jul 6, 2001
—
Robin,irving Trustee
Robin,i
Quit Claim Deed
related
—
Jul 25, 2000
—
Irving Robin
Krigel,z
Grant Deed
related
—
Sep 3, 1999
$270,000
Irving Robin
Lawrence,lorne
Grant Deed
—
Oct 23, 1995
—
Lorne Lawrence
Lawrence,g
Quit Claim Deed
related
—
Mar 16, 1995
$570,000
Irving Robin
Fidelity Federal Bank
Grant Deed
$570,000 · Argus Group Corp
Nov 8, 1994
$269,500
Fidelity Federal Bank
Jaude,karim A
Trustees Deed
related
—
Mar 22, 1991
$105,000
Schweitzer,andre
Romar Financial
Trustees Deed
—
Dec 3, 1990
$176,500
Rogow Stan
Jaude Karim A
Trustees Deed
—
Aug 3, 1990
$1,670,000
Jaude Karim A
An Myoung C
Trustees Deed
$1,190,000 · Fidelity Federal Bank
Aug 17, 1988
$1,600,000
Chung I An
Pac
Trustees Deed
$1,212,000 · Coast Federal Bank
Aug 17, 1988
$593,000
Finl Exchang Pac
Farr S A
Trustees Deed
related
—
—
—
Irving Robin
—
Deed Of Trust
related
$750,000 · Home Savings Of America
—
—
Karim A Jaude
—
Deed Of Trust
related
—
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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