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Property profile & analytics
OFF-MARKET
Estimated value
$4,235,000
Investment properties
16935 Vanowen St Van Nuys, CA 91406-4595
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-6512565
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1984
Construction
WOOD
Total area
16,374 SF
Lot
0.61 ac (26,553 SF)
Zoning code
LAC2
APN
2230-009-032
UPID
US09-6512565
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
-
Melinda Piega Gordon Dental Office
-
Koko's Middle Eastern Restaurant
-
Scarlett Beauty Salon Hair Salon Nail Salon
-
Tomii Super Healing Massage Alternative Medicine Practice Spa & Massage Center
-
AAA healthcare massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.24M
Owner & transaction history
Balboa Plaza 777 LLC · 4 yrs held
Balboa Plaza 777 LLC
since 2022
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,525,000
6.5%
$5,100,000
7%
$4,735,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,050,000
Current use
OFFICE BUILDING
$5,975,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.24M
Range $3.81M – $4.66M · ±10%
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
$259 / 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
$67,649
Tax year 2024
Assessed value
$5,410,080
Assessed 2024
Previous assessed
$5,410,080
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$3,849,480
Assessed improvement
$1,560,600
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
16,374 SF
Lot
0.61 ac (26,553 SF)
Zoning code
LAC2
APN
2230-009-032
UPID
US09-6512565
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL) Current
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
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Balboa Plaza 777 LLC
Entity
Mailing address
PO BOX 57439, SHERMAN OAKS, CA 91413-2439
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
—
Balboa Plaza 777 LLC
—
Deed
related
$400,000 · The Joseph P Marino Separate Property Tr
Apr 5, 2022
—
Balboa Plazza 777 LLC
—
Deed
related
$494,638 · Ter Veld Friedman Living Trust
Jan 4, 2022
—
Balboa Plaza 777 LLC
Hussain Ali Aslam
Grant Deed
$3,640,000 · Golden Bank NA
Jul 30, 2021
$5,200,000
Hussain Ali Aslam
La Canada Crest LLC
Grant Deed
$3,700,000 · Allstar Financial Services INC
Jul 30, 2021
—
Hussain Ali Aslam
Ali Hussain Shams
Intrafamily Transfer
related
—
May 9, 2016
—
La Canada Crest LLC
—
Deed
related
$1,300,000 · Jpmorgan Chase Bank NA
Aug 26, 2003
$2,610,000
La Canada Crest LLC
Park Balboa Plz INC
Grant Deed
$1,650,000 · Citibank West Fsb
Nov 20, 1997
$429,500
Park Balboa Plaza INC
Brentwood Equities INC
Grant Deed
related
—
Aug 11, 1995
$1,025,000
Brentwood Equities INC
Glendale Federal Bank
Grant Deed
related
$820,000 · Glendale Federal Bank
Feb 13, 1995
$1,100,000
Glendale Federal Bank
Blatt,howard I & Lee
Trustees Deed
related
—
Dec 13, 1993
—
Blatt Howard I
—
Deed Of Trust
related
—
—
—
Howd I Blatt
—
Deed Of Trust
related
$1,900,000 · Glendale Federal Bank
—
—
Park Balboa Plaza INC
—
Deed Of Trust
related
$1,300,000 · California Federal Bank
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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