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Property profile & analytics
FOR LEASE
Office buildings
15233 Ventura Blvd Sherman Oaks, CA 91403
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6329573
For Lease
1 / 2
$30 SF/Yr
15233 Ventura Blvd, Sherman Oaks, CA 91403
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
CONCRETE
Total area
165,743 SF
Lot
1.61 ac (70,261 SF)
Zoning code
LAC2
APN
2264-007-020
UPID
US09-6329573
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
-
Tadeh Davtian with JohnHart Real Estate Real Estate Agency
-
Patricia Kluewer Real Estate Agency
-
Sherman Oaks Air Conditioning and Heating Experts Hardware & Home Improvement HVAC Service
-
Shavarsh Alajajyan, Equity Union Real Estate Agency
-
Sayah Engineering Structural Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.29M
Owner & transaction history
Douglas Emmett Properties LP · 6 yrs held
Douglas Emmett Properties LP
since 2019
7 recorded transactions
Zoning & alternative use
LAC2 · Sherman Oaks, 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 Sherman Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sherman Oaks 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$159 / 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
$393,017
Tax year 2024
Assessed value
$31,431,498
Assessed 2024
Previous assessed
$31,431,498
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$7,992,353
Assessed improvement
$23,439,145
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1966
Construction
CONCRETE
Heating
NONE
Buildings
2
Total area
165,743 SF
Lot
1.61 ac (70,261 SF)
Zoning code
LAC2
APN
2264-007-020
UPID
US09-6329573
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Sherman Oaks, CA
Zoning LAC2 · permitted uses
LAC2 · Sherman Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sherman Oaks. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Buildings
2
Lot
1.61 ac
Current owner
From public records · entity-resolved
Douglas Emmett Properties LP
Entity
Mailing address
1299 OCEAN AVE STE #1000, SANTA MONICA, CA 90401-1063
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2019
—
Douglas Emmett Properties LP
Douglas Emmett 2014 LLC
Quit Claim Deed
—
Oct 14, 2015
—
Douglas Emmett Properties LP
Douglas Emmett 1997 LLC
Quit Claim Deed
$400,000,000 · Bank Of America
Aug 26, 2005
—
Douglas Emmett 1997 LLC
Douglas Emmett Realty Fund 1997
Grant Deed
$425,000,000 · Eurohypo Ag
Nov 12, 2003
—
Douglas Emmett Realty Fund
—
Deed Of Trust
related
$464,900,000 · Eurohypo Ag Ny Branch Ttee
Jul 10, 1998
—
Valley Office Plaza Partners
Prentiss Properties Acquisitio
Grant Deed
related
—
Dec 2, 1997
$24,100,000
Prentiss Properties Acqui
United Properties,
Grant Deed
—
Sep 8, 1994
—
United Properties Co
—
Deed Of Trust
related
$8,800,000 · United Of Omaha Life Insurance
—
—
United Propertie
—
Deed Of Trust
related
$9,128,700 · Mutual Omaha Ins
—
—
Valley Office Plaza Partners
—
Deed Of Trust
related
$200,000 · Dresdner Bank Ag
—
—
United Properties Co
—
Deed Of Trust
related
$13,000,000 · United Omaha Lif
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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