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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Apartment buildings
16731 Sherman Way Van Nuys, CA 91406-7001
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7803151
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
11,326 SF
Lot
0.24 ac (10,639 SF)
Zoning code
LARD1.5
APN
2226-018-020
UPID
US09-7803151
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
by Request
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$3.02M
Owner & transaction history
Christina Powell
Christina Powell
since 2025
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
LARD1.5 · Van Nuys, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+132.2%
Office building
$4.1M
+96.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,035,000
6.5%
$2,805,000
7%
$2,605,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,100,000
Current use
COMMERCIAL (GENERAL)
$4,880,000
Change: +132% · Conversion: Moderate
OFFICE BUILDING
$4,130,000
Change: +97% · Conversion: Moderate
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±10% · vs last sale $3.10M (Jun 11 2025)
Last sale anchor
$3.10M
Jun 11 2025
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
$267 / 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
$36,130
Tax year 2024
Assessed value
$2,855,798
Assessed 2024
Previous assessed
$2,855,798
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,569,888
Assessed improvement
$1,285,910
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
13
Rooms
8
Bathrooms
14
Total area
11,326 SF
Lot
0.24 ac (10,639 SF)
Zoning code
LARD1.5
APN
2226-018-020
UPID
US09-7803151
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Van Nuys, CA
Zoning LARD1.5 · permitted uses
LARD1.5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS) Current
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
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
13
Rooms
8
Bathrooms
14
Lot
0.24 ac
Current owner
From public records · entity-resolved
Christina Powell
Individual
Mailing address
1658 SWANSEA PL, WESTLAKE VILLAGE, CA 91361-1531
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2025
—
Christina Powell
Ryan Christopher Powell
Deed
related
—
Sep 11, 2025
$3,100,000
Northwest Mutual LP
Angelina Carter Revocable Trust
Grant Deed
$2,170,000 · Jpmorgan Chase Bank NA
Sep 21, 2023
—
Bruce Hitchman
Dennis Joe Carter
Affidavit Death Of Trustee/successor Trustee
—
Jun 19, 2019
—
Angelina Carter
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Dec 19, 2012
—
Carter Dennis Living Trust
Carter,dennis
Quit Claim Deed
related
—
May 29, 2008
—
Carter Angelina Trust
Carter,angelina
Quit Claim Deed
related
—
Aug 21, 2007
—
Angelina Carter
Carter,dennis J
Quit Claim Deed
related
—
Apr 25, 2006
—
Angelina Carter
Carter,dennis J
Quit Claim Deed
related
$1,143,950 · Citibank West Fsb
Apr 25, 2006
$650,000
Dennis J Carter
Scott,william H JR
Grant Deed
—
Feb 23, 2004
—
William H Scott
Scott,william H & Patricia A
Quit Claim Deed
related
—
Feb 20, 2004
—
William H Scott
Scott,william H
Quit Claim Deed
related
$800,000 · Citibank West Fsb
Apr 12, 2000
$125,500
William H Scott
Kim,nam S
Grant Deed
—
Dec 15, 1988
$1,105,000
Edward Y Kim
Central Exchange
Trustees Deed
$824,000 · First Federal Savings & Loan
Dec 15, 1988
$455,000
Central Exchange
Trin
Trustees Deed
related
—
—
—
Edward Y Kim
—
Deed Of Trust
related
$300,000 · California Korea Bank
—
—
Carter Angelina Trust
—
Deed Of Trust
related
$1,050,000 · J P Morgan Chase Bank
—
—
Edward Y Kim
—
Deed Of Trust
related
$500,000 · California Korea Bank
—
—
Edward Y Kim
—
Deed Of Trust
related
$500,000 · California Korea Bank
—
—
William H Scott JR.
—
Deed Of Trust
related
$1,150,000 · Citibank West Fsb
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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