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Property profile & analytics
OFF-MARKET
Estimated value
$12,735,000
Parking lots & garages
17000 Ventura Blvd Encino, CA 91316-4109
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9088698
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1960
Total area
21,600 SF
Lot
0.58 ac (25,120 SF)
Zoning code
LAR1
APN
2289-003-002
UPID
US09-9088698
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
-
Skin Care By Michaela Campbell Medical Clinic Skin Care Clinic
-
Cannon Constructors Inc Construction Company
-
Catherine Schifrin, PhD Physician Medical Clinic
-
Healing Hands Rehab Inc. Orthotics & Prosthetics Service
-
Chelsea's Home Health Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.39M
Blend (final)
Blend
$12.74M
Owner & transaction history
17000 Ventura Blvd LLC · 5 yrs held
17000 Ventura Blvd LLC
since 2021
Last sale
$13.2M
5 recorded transactions
Zoning & alternative use
LAR1 · Encino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.7M
+52.7%
Neighborhood: shopping center
$13.1M
+28.3%
Restaurant
$12.1M
+18.0%
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 Encino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Encino 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
$11,445,000
ML approach
$8,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$10,245,000
Current use
AUTO REPAIR, GARAGE
$15,650,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,145,000
Change: +28% · Conversion: Difficult
RESTAURANT
$12,090,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$11,495,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$9,820,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,300,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.74M
Range $11.46M – $14.01M · ±10% · vs last sale $13.20M (Jun 29 2021)
Last sale anchor
$13.20M
Jun 29 2021
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
$590 / 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
$48,870
Tax year 2024
Assessed value
$3,990,141
Assessed 2024
Previous assessed
$3,990,141
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$3,947,693
Assessed improvement
$42,448
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1960
Heating
NONE
Total area
21,600 SF
Lot
0.58 ac (25,120 SF)
Zoning code
LAR1
APN
2289-003-002
UPID
US09-9088698
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR1 · Encino, CA
Zoning LAR1 · permitted uses
LAR1 · Encino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Encino. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$15.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
RESTAURANT
Est. value
$12.1M
RETAIL STORES
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$9.3M
PARKING LOT Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1960
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
17000 Ventura Blvd LLC
Entity
Mailing address
629 S HL ST STE #1202, LOS ANGELES, CA 90014-1747
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
$13,200,000
17000 Ventura Blvd LLC
17000 Ventura LLC
Grant Deed
$9,240,000 · Calprivate Bank
Sep 19, 2005
$7,200,000
17000 Ventura LLC
California Cu
Grant Deed
$5,400,000 · California Cu
Jul 31, 2000
$4,590,000
California Cu
Latt Trust
Grant Deed
related
—
Jan 24, 1997
—
Larry L Latt
—
Deed Of Trust
related
$1,500,000 · Woodmen Accident & Life Co
Feb 10, 1993
—
Larry L Latt
Latt,larry L
Quit Claim Deed
related
$775,000 · General 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.
Try Rey
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