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Property profile & analytics
FOR LEASE
Office buildings
15243 Vanowen St, Van Nuys, CA 91405
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6336055
For Lease
1 / 3
$23,325,000
15243 Vanowen St, Van Nuys, CA 91405
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1971
Total area
65,505 SF
Lot
1.56 ac (68,056 SF)
Zoning code
LAC1
APN
2220-020-019
UPID
US09-6336055
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
-
SCPA MEDICAL GROUP Medical Clinic
-
황은 소아과 Hospital Children's Hospital
-
Century Medical Group: Rajacich George M MD Ophthalmologist
-
Century Medical Group Physician
-
Century Med Club Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.33M
Owner & transaction history
Valley Presbyterian Hospital · 4 yrs held
Valley Presbyterian Hospital
since 2022
Last sale
$24.0M
7 recorded transactions
Zoning & alternative use
LAC1 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$36.7M
+53.4%
Retail stores
$34.9M
+45.9%
Medical building
$29.8M
+24.6%
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
$21,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,455,000
6.5%
$23,500,000
7%
$21,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$23,900,000
Current use
RESTAURANT
$36,665,000
Change: +53% · Conversion: Moderate
RETAIL STORES
$34,860,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$29,775,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$28,210,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$19,245,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$23.33M
Range $20.99M – $25.66M · ±10% · vs last sale $24.00M (Feb 10 2022)
Last sale anchor
$24.00M
Feb 10 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
$356 / 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
$307,805
Tax year 2024
Assessed value
$24,969,600
Assessed 2024
Previous assessed
$24,969,600
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$10,820,160
Assessed improvement
$14,149,440
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
PROFESSIONAL BUILDING
Status
For Lease
Year built
1971
Heating
NONE
Cooling
YES
Stories
1
Total area
65,505 SF
Lot
1.56 ac (68,056 SF)
Zoning code
LAC1
APN
2220-020-019
UPID
US09-6336055
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC1 · Van Nuys, CA
Zoning LAC1 · permitted uses
LAC1 · 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
$23.9M
RESTAURANT
Est. value
$36.7M
RETAIL STORES
Est. value
$34.9M
MEDICAL BUILDING
Est. value
$29.8M
COMMERCIAL (GENERAL)
Est. value
$28.2M
WAREHOUSE, STORAGE
Est. value
$19.2M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1971
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Valley Presbyterian Hospital
Individual
Mailing address
15107 VANOWEN ST, VAN NUYS, CA 91405-4542
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
$24,000,000
Valley Presbyterian Hospital
Thousand Gold Vanowen LLC
Grant Deed
—
Apr 19, 2012
—
Thousand Gold Vanowen LLC
Thousand Gold LLC
Grant Deed
$10,200,000 · Archetype Mortgage Capital LLC
Dec 22, 2010
$1,467,000
Thousand Gold LLC
Lee,david Y
Grant Deed
related
—
Oct 28, 2010
$1,467,000
Thousand Gold LLC
Lee,david Y
Grant Deed
—
Jun 10, 2003
—
David Y Lee
Lee,david Y & Miki M
Quit Claim Deed
related
$6,000,000 · Column Financial INC
Mar 15, 2000
—
David Y Lee
Koar Vanowen-43 LLC
Grant Deed
$5,000,000 · Hankey Investment Co LP
May 8, 1998
—
Koar Vanowen-43 LLC
Medical Center Associates LP
Grant Deed
$4,250,000 · Gmac Commercial Mortgage Corp
Dec 2, 1988
—
Medical Center A
—
Deed Of Trust
related
—
Mar 4, 1970
—
—
—
Grant Deed
related
—
—
—
David Y Lee
—
Deed Of Trust
related
$5,000,000 · California Center Bank
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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