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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Parking lots & garages
1605 Magnolia Blvd Burbank, CA 91506-1837
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7252873
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1942
Total area
1,180 SF
Lot
0.06 ac (2,625 SF)
Zoning code
BUC3YY
APN
2449-029-012
UPID
US09-7252873
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
-
safeer jan restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$875k
Owner & transaction history
Brenda L Kuhn · 3 yrs held
Brenda L Kuhn
since 2022
Last sale
$975,009
7 recorded transactions
Zoning & alternative use
BUC3YY · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$930,000
+52.9%
Neighborhood: shopping center
$720,000
+18.1%
Retail stores
$645,000
+6.2%
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
$780,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$610,000
Current use
AUTO REPAIR, GARAGE
$930,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$720,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$585,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $975k (Dec 8 2022)
Last sale anchor
$975k
Dec 8 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
$742 / 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
$11,113
Tax year 2024
Assessed value
$994,500
Assessed 2024
Previous assessed
$994,500
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$642,600
Assessed improvement
$351,900
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1942
Heating
NONE
Total area
1,180 SF
Lot
0.06 ac (2,625 SF)
Zoning code
BUC3YY
APN
2449-029-012
UPID
US09-7252873
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3YY · Burbank, CA
Zoning BUC3YY · permitted uses
BUC3YY · 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.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$720,000
RETAIL STORES
Est. value
$645,000
OFFICE BUILDING
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$565,000
MEDICAL BUILDING
Est. value
$535,000
PARKING LOT Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL 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
1942
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
Brenda L Kuhn
Individual
Mailing address
2607 JOAQUIN DR, BURBANK, CA 91504-1824
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2022
$975,000
Brenda L Kuhn
Nevrik Satamian
Grant Deed
$828,000 · Open Bank
Jun 6, 2017
—
Satamian,nevrik Living Trust
—
Deed
related
—
Jan 5, 2007
—
Satamian Nevrik Living Trust
Satamian N Living Trust
Quit Claim Deed
related
$375,000 · Pacific Premier Bank
Apr 27, 2004
—
Satamian,tr
Atamian,nevrik
Quit Claim Deed
related
—
Mar 28, 2002
$250,000
Nevrik Satamian
Sievers,e M
Grant Deed
$163,000 · Allstar Financial
—
—
Satamian,nevrik Living Trust
—
Loan Modification
related
—
—
—
Nevrik Satamian
—
Deed Of Trust
related
$244,000 · Allstar Financial Services INC
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
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