Entity Owned Property summary
AI-generated overview
A six-unit apartment building located in Van Nuys, constructed in 1966, with a unit mix consisting of two 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and two 3-bedroom/2-bath units. The property contains 5,460 rentable square feet and sits on a 6,000 square foot lot. It is positioned for access to the 405, 101, and 170 freeways, with Ventura Boulevard nearby for dining and shopping, and Metro Link service providing access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
5,460 SF
Lot
0.14 ac (6,000 SF)
Zoning code
LAMR1
APN
2205-027-009
UPID
US09-6812598
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.22M
Owner & transaction history
since 2026
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
LAMR1 · Van Nuys, CA
Top alternative use upside
Office building
$2.0M
+96.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.22M
Value range
$1.10M – $1.34M
±10% around blend
Estimated value / SF
$223 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
90
$1.10M
blend $1.22M
$1.34M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,460 SF
Lot area
0.14 ac
Year built
1966
APN
2205-027-009
Zoning
LAMR1
Assessed value
$1,075,627
Annual tax
$13,991
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.35M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.47M
@ 6.5% CAP return
$1.35M
@ 7% CAP return
$1.26M
4
Sales comparison
Partial preview
Sales approach indication
$1.38M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.0 mi away · 5,440 SF
2.1 mi away · 5,912 SF
2.5 mi away · 4,730 SF
2.5 mi away · 6,224 SF
2.6 mi away · 4,014 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.22M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 71 sales
$186
+20%
Submarket 555 sales
$238
-6%
County 11934 sales
$264
-15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $223/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+97%
vs current-use indication
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.18M
Move the market yield to see immediate price impact.
Value / SF
$216
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$74k
$1.49M
$1.06M
$826k
$83k
$1.65M
$1.18M
$918k
$91k
$1.82M
$1.30M
$1.01M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.35M
2.0 mi · Dec 2025 · $248/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,991
Tax year 2024
Assessed value
$1,075,627
Assessed 2024
Previous assessed
$1,075,627
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$600,910
Assessed improvement
$474,717
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
6
Bathrooms
10
Total area
5,460 SF
Lot
0.14 ac (6,000 SF)
Zoning code
LAMR1
APN
2205-027-009
UPID
US09-6812598
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAMR1 · Van Nuys, CAZoning LAMR1 · permitted uses
LAMR1 · Van Nuys, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
6
Bathrooms
10
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAMR1
Jurisdiction
Van Nuys, CA
Recorded code
LAMR1
Ownership Intelligence
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Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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