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    Property profile & analytics

    15024 Burbank Blvd Van Nuys, CA 91411

    • Apartment buildings
    • 12,590 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8220360
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 15024 Burbank Blvd

    Year built
    1987
    Construction
    WOOD
    Lot size
    0.28 lot acres
    Property size
    12,590 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    2250-011-025
    APU
    2250011025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.46
    Latitude
    34.1718
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $47,906
    $2,216,567
    $1,604,603
    $3,821,170
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $365,000
      11,685 SF

      14748 Victory Blvd

      APARTMENT HOUSE (5+ UNITS) • 11,685 SF
      14748 Victory Blvd, Van Nuys, CA 91411-1523
      View Details
    • Value Estimation
      $290,000
      4,829 SF

      14525 Albers St

      APARTMENT HOUSE (5+ UNITS) • 4,829 SF
      14525 Albers St, Sherman Oaks, CA 91411-3783
      View Details
    • Value Estimation
      $530,000
      17,652 SF

      15328 Albers St

      APARTMENT HOUSE (5+ UNITS) • 17,652 SF
      15328 Albers St, Sherman Oaks, CA 91411-3472
      View Details
    • Value Estimation
      $435,000
      7,944 SF

      15101 Burbank Blvd

      APARTMENT HOUSE (5+ UNITS) • 7,944 SF
      15101 Burbank Blvd, Van Nuys, CA 91411-3558
      View Details
    • Value Estimation
      $485,000
      13,386 SF

      15010 Burbank Blvd

      APARTMENT HOUSE (5+ UNITS) • 13,386 SF
      15010 Burbank Blvd, Sherman Oaks, CA 91411-3657
      View Details
    • Value Estimation
      $505,000
      9,319 SF

      5208 Lemona Ave

      APARTMENT HOUSE (5+ UNITS) • 9,319 SF
      5208 Lemona Ave, Sherman Oaks, CA 91411-3924
      View Details

    Similar Nearby for Sale

    • $1,599,000

      Five-Unit Apartment Building with Garages

      Well-maintained five-unit apartment building with garages in Los Angeles.
      5722 Kester Ave, Van Nuys, CA 91411
      View Details
    • $6,950,000
      10,176 SF

      New Multifamily Property in Van Nuys

      New 12-unit multifamily property in Van Nuys Opportunity Zone.
      14728 Friar St, Van Nuys, CA 91411
      View Details
    • $1,199,000

      Van Nuys Multifamily Investment Opportunity

      Six-unit property in high-demand Van Nuys rental market.
      14810 Sylvan St, Los Angeles, CA 91411
      View Details
    • New
      $1,250,000
      4,341 SF

      Van Nuys Multifamily Investment Opportunity

      Six-unit multifamily property in a high-demand Van Nuys rental market.
      14622 Sylvan St, Van Nuys, CA 91411
      View Details
    • $1,090,000

      Well-Maintained Multifamily Property

      Free-standing 2-bedroom home with three 1-bedroom units.
      14757 Sylvan St, Los Angeles, CA 91411
      View Details
    • $4,990,000

      Modern Townhomes Near Sherman Oaks

      Two-building complex with four townhomes built in 2021.
      5750 Kester Ave, Van Nuys, CA 91411
      View Details

    Similar Nearby for Lease

    • $1,575 /Mo
      77,790 SF

      Van Nuys Office Space Available

      Multiple office buildings for lease in a high-traffic area.
      14723 Oxnard St, Van Nuys, CA 91411
      View Details
    • $1.23 SF/Yr
      10,906 SF

      Distribution/Manufacturing Facility in Sherman Oaks

      Functional industrial space near 405/101 Freeway in Sherman Oaks.
      15023 Califa St, Sherman Oaks, CA 91411
      View Details
    • $13,250,000
      39,186 SF

      Sherman Oaks Distribution/Manufacturing Project

      Distribution/Manufacturing project in central Sherman Oaks location.
      15023-15035 Califa St, Sherman Oaks, CA 91411
      View Details
    • Contact for pricing
      1,155 SF

      Retail Space on Sepulveda Boulevard

      Retail space available for rent on Sepulveda Boulevard.
      6411 Sepulveda Blvd, Van Nuys, CA 91411
      View Details
    • $27 SF/Yr
      17,222 SF

      Sherman Oaks Medical Office Space

      Fully Vacant, Medical Office Suites Available
      5805 Sepulveda Blvd, Los Angeles, CA 91411
      View Details
    • $33 SF/Yr
      43,212 SF

      Van Nuys Retail Space Available

      Prime Retail Space, High Traffic Area
      6265 Sepulveda Blvd, Los Angeles, CA 91411
      View Details
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    15024 Burbank Blvd
    Van Nuys, CA 91411
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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