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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Manufacturing properties
16018 Blythe St Van Nuys, CA 91406-1812
Entity Owned
~
Est. High Equity
Property ID
US09-8291407
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
TILT-UP CONCRETE
Total area
7,275 SF
Lot
0.3 ac (13,095 SF)
Zoning code
LAM2
APN
2206-007-018
UPID
US09-8291407
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
$1.98M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.15M
Owner & transaction history
16018 Blythe Street LLC
16018 Blythe Street LLC
since 2026
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
LAM2 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.3M
+61.1%
Commercial (general)
$3.1M
+52.6%
Office building
$2.7M
+29.3%
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
$1,865,000
ML approach
$1,980,000
CAP Approach
CAP Return
Estimation
6%
$1,415,000
6.5%
$1,310,000
7%
$1,215,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,055,000
Current use
MEDICAL BUILDING
$3,305,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,135,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$2,655,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.45M (Feb 26 2026)
Last sale anchor
$2.45M
Feb 26 2026
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
$296 / 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
$27,319
Tax year 2024
Assessed value
$2,184,840
Assessed 2024
Previous assessed
$2,184,840
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,530,000
Assessed improvement
$654,840
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,275 SF
Lot
0.3 ac (13,095 SF)
Zoning code
LAM2
APN
2206-007-018
UPID
US09-8291407
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Van Nuys, CA
Zoning LAM2 · permitted uses
LAM2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1972
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
16018 Blythe Street LLC
Entity
Mailing address
PO BOX 3944, GLENDALE, CA 91221-0944
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
$2,450,000
16018 Blythe Street LLC
Chase Van Nuvys LP
Grant Deed
$2,000,000 · Bank Of America NA
Jul 19, 2023
—
Chase Van Nuys LP
—
Deed
related
$1,450,000 · Symetra Life Insurance Co
Nov 29, 2022
$2,142,000
Chase Van Nuys LP
Whitebark Holdings LLC
Grant Deed
—
Feb 12, 2007
—
Whitebark Holdings LLC
Roderick Corp
Grant Deed
—
Aug 21, 1972
$40,000
Roderick Corporation
—
Grant Deed
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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