Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Apartment buildings
1500 Victory Blvd Burbank, CA 91506-1100
Trust Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7324719
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1989
Construction
WOOD
Total area
9,455 SF
Lot
0.15 ac (6,563 SF)
Zoning code
BUR4*
APN
2438-029-020
UPID
US09-7324719
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$610k
Owner & transaction history
Cogent Property Trust · 9 yrs held
Cogent Property Trust
since 2017
7 recorded transactions
Zoning & alternative use
BUR4* · Burbank, 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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$65 / 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
$37,597
Tax year 2024
Assessed value
$3,313,087
Assessed 2024
Previous assessed
$3,313,087
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,327,466
Assessed improvement
$1,985,621
Applied tax rate
2.0000
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
1989
Construction
WOOD
Heating
NONE
Cooling
YES
Units
9
Bathrooms
16
Total area
9,455 SF
Lot
0.15 ac (6,563 SF)
Zoning code
BUR4*
APN
2438-029-020
UPID
US09-7324719
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUR4* · Burbank, CA
Zoning BUR4* · permitted uses
BUR4* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
9
Bathrooms
16
Lot
0.15 ac
Current owner
From public records · entity-resolved
Cogent Property Trust
Trust
Free & Clear · 9 yrs held
Mailing address
917 W MAGNOLIA BLVD, BURBANK, CA 91506-1604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2019
—
Cogent Property Trust
—
Deed
related
$2,500,000 · Nathan D Schlossman
Jul 3, 2017
$2,395,000
Cogent Property Trust
Schlossman,joel
Grant Deed
—
Apr 28, 1989
—
Joel Schlossman
—
Grant Deed
related
$560,000 · Western Bank
Sep 30, 1988
$190,000
Joel Schlossman
Campbell Carolyn
Trustees Deed
$152,000 · California Federal Bank
Sep 30, 1988
$73,500
Carolyn Campbell
Marsh
Grant Deed
related
—
—
—
Joel Schlossman
—
Deed Of Trust
related
$764,000 · Fidelity Federal Bank
—
—
Joel Schlossman
—
Deed Of Trust
related
$165,600 · Us Small Business Admn
—
—
Shlos
—
Deed Of Trust
related
$45,000 · Nh Escs
—
—
Cogent Property Trust
—
Deed Of Trust
related
$2,500,000 · Nathan D Schlossman
—
—
Joel Schlossman
—
Deed Of Trust
related
$40,000 · Nh Escrow
—
—
Joel Schlossman
—
Deed Of Trust
related
$75,000 · Individual
—
—
Joel Schlossman
—
Deed Of Trust
related
$11,300 · Us Small Business Admn
—
—
Joel Schlossman
—
Deed Of Trust
related
$17,700 · Us Small Business Admn
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1500 Victory Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
