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Property profile & analytics
OFF-MARKET
Turn key restaurants
16623 Sherman Way Van Nuys, CA 91406-3735
Trust Owned
15-yr Hold
Free & Clear
Property ID
US09-6300730
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
WOOD
Total area
5,316 SF
Lot
0.38 ac (16,454 SF)
Zoning code
LAC2
APN
2226-006-016
UPID
US09-6300730
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
-
La Corona Bar And Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rubinfeld Samuel Living Trust · 15 yrs held
Rubinfeld Samuel Living Trust
since 2011
7 recorded transactions
Zoning & alternative use
LAC2 · Van Nuys, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,596
Tax year 2024
Assessed value
$844,058
Assessed 2024
Previous assessed
$844,058
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$687,056
Assessed improvement
$157,002
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,316 SF
Lot
0.38 ac (16,454 SF)
Zoning code
LAC2
APN
2226-006-016
UPID
US09-6300730
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Van Nuys, CA
Zoning LAC2 · permitted uses
LAC2 · 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.
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Rubinfeld Samuel Living Trust
Trust
Free & Clear · 15 yrs held
Mailing address
PO BOX 6626, WOODLAND HILLS, CA 91365-6626
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2011
$840,000
Rubinfeld Samuel Living Trust
Fox Capital Group LLC
Grant Deed
—
Feb 4, 2011
$705,100
Fox Capital Group LLC
Fidelity National Title Co
Trustees Deed
related
—
Aug 12, 2003
$1,200,000
Un S Yun
Suvan Co
Grant Deed
$600,000 · General Electric Capital Corp
Aug 12, 2003
—
Un S Yun
Yun,jungf W
Quit Claim Deed
related
—
Jan 30, 1989
$830,000
Suvan
Rubio Enterprise
Grant Deed
$705,000 · Rubio Ents
—
—
Suvan Company
—
Deed Of Trust
related
$637,000 · American Pacific State Bank
—
—
Un S Yun
—
Deed Of Trust
related
$350,000 · Saehan Bank
—
—
Suvan Co
—
Deed Of Trust
related
$640,000 · Encino State Bank
—
—
Un S Yun
—
Deed Of Trust
related
$434,000 · La Habra Local Development Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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