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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17000 Burbank Blvd, Unit 313 Encino, CA 91316

    • Apartment buildings
    • 37,171 SF
    • 0.82 lot acres
    For Lease
    View listing
    $2,400 /Mo
    Last Sale
    Apr 12, 2024
    $9,985,000
    Value Estimations
    $9,985,000
    Cap Rate Potential
    6%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-8011089
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Encino Country Club / Property Management Company

    Property Details for 17000 Burbank Blvd

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.82 lot acres
    Property size
    37,171 SF
    Zone code
    LAR3
    Property type
    Apartment buildings
    APN
    2255-026-011
    APU
    2255026011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,985,000
      ML approach
      $9,985,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,970,000
      6.5%
      $9,200,000
      7%
      $8,545,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $8,865,000
      Current use
      COMMERCIAL (GENERAL)
      $16,010,000
      Change: +81% Conversion: Moderate
      OFFICE BUILDING
      $13,560,000
      Change: +53% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Encino
    County
    Los Angeles
    State
    California
    Longitude
    -118.503
    Latitude
    34.1718
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,707
    $232,412
    $1,138,166
    $1,370,578
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      5216 Zelzah Ave

      APARTMENT HOUSE (5+ UNITS) • 0.23 Acres
      5216 Zelzah Ave, Encino, CA 91316
      View Details
    • Value Estimation
      $4,740,000
      30,147 SF

      5168 Yarmouth Ave

      APARTMENT HOUSE (5+ UNITS) • 30,147 SF
      5168 Yarmouth Ave, Encino, CA 91316-3369
      View Details
    • Value Estimation
      $3,535,000
      25,382 SF

      5303 Yarmouth Ave

      APARTMENT HOUSE (5+ UNITS) • 25,382 SF
      5303 Yarmouth Ave, Encino, CA 91316-3111
      View Details
    • Value Estimation
      $11,315,000
      107,886 SF

      5151 White Oak Ave

      APARTMENT HOUSE (5+ UNITS) • 107,886 SF
      5151 White Oak Ave, Encino, CA 91316-2417
      View Details
    • Value Estimation
      $3,885,000
      24,264 SF

      17450 Burbank Blvd

      APARTMENT HOUSE (5+ UNITS) • 24,264 SF
      17450 Burbank Blvd, Encino, CA 91316-1759
      View Details
    • Value Estimation
      $6,730,000
      52,124 SF

      17730 Burbank Blvd

      APARTMENT HOUSE (5+ UNITS) • 52,124 SF
      17730 Burbank Blvd, Encino, CA 91316-1653
      View Details

    Similar Nearby for Sale

    • $449,950

      Encino Gem with Spacious Layout

      1608 sq ft Encino property with excellent floor plan.
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    • $649,000
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      Encino Condo Near Balboa Park

      Spacious 2-bedroom condo with park views and updated features.
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      Condo in prime Encino location with renovated interior and patio.
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      Remodeled Condo with Large Patio

      Stylish, remodeled 2BR/2BA condo with large covered patio and amenities.
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      Encino Condo with Modern Upgrades

      Stylish 3-bedroom condo in a gated Encino community.
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    • $270,000
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      Spacious Loft Unit with Amenities

      Two-story loft with modern kitchen, master suite, and community amenities.
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    Similar Nearby for Lease

    • $2,400 /Mo

      Encino Apartment with Private Balcony

      Updated 1-bedroom apartment with balcony, modern amenities, and prime location.
      17000 Burbank Blvd, Encino, CA 91316
      View Details
    • Contact for pricing
      42,452 SF

      Encino Medical Office Suites

      Prime location, flexible suites available
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      View Details
    • $47 SF/Yr
      2,283 SF

      17157 Ventura Blvd

      Retail properties
      17157 Ventura Blvd, Los Angeles, CA 91316
      View Details
    • Contact for pricing
      13,810 SF

      Encino Retail Space Available

      Retail space available, formerly a PetSmart location.
      17150-17232 Ventura Blvd, Encino, CA 91316
      View Details
    • $3 SF/Yr
      30,162 SF

      Ventura Boulevard Retail Space Available

      Retail spaces available on Ventura Blvd in Encino, California.
      17255-17287 Ventura Blvd, Encino, CA 91316
      View Details
    • $2 SF/Yr
      3,500 SF

      Encino Office Space with Signage

      Ground floor office space with free signage and parking.
      17404 Ventura Blvd, Encino, CA 91316
      View Details
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    17000 Burbank Blvd, Unit 313
    Encino, CA 91316
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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