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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Apartment buildings
1710 Grismer Ave Burbank, CA 91504-3773
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8554810
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1957
Construction
WOOD
Total area
14,364 SF
Lot
0.48 ac (20,966 SF)
Zoning code
BUR4*
APN
2468-007-027
UPID
US09-8554810
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
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$543k
Blend (final)
Blend
$530k
Owner & transaction history
Gnm · 24 yrs held
Gnm
since 2002
7 recorded transactions
Zoning & alternative use
BUR4* · Burbank, 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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$37 / 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
$23,096
Tax year 2024
Assessed value
$1,888,185
Assessed 2024
Previous assessed
$1,888,185
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$753,112
Assessed improvement
$1,135,073
Applied tax rate
2.0000
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
1957
Construction
WOOD
Heating
NONE
Units
28
Bathrooms
28
Total area
14,364 SF
Lot
0.48 ac (20,966 SF)
Zoning code
BUR4*
APN
2468-007-027
UPID
US09-8554810
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUR4* · Burbank, CA
Zoning BUR4* · permitted uses
BUR4* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
NONE
Units
28
Bathrooms
28
Lot
0.48 ac
Current owner
From public records · entity-resolved
Gnm
Individual
Mailing address
15445 VENTURA BLVDPMB1004, SHERMAN OAKS, CA 91403-3005
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
Gnm II Ltd LP
—
Deed
related
$7,800,000 · Luther Burbank Svgs
Dec 18, 2018
—
Gnm II Ltd LP
—
Grant Deed
related
$7,600,000 · Pacific Wstrn Bk
Apr 12, 2002
—
Gnm
Gnm
Quit Claim Deed
related
—
Dec 10, 1999
—
Gnm II
Gnm,ii
Quit Claim Deed
related
—
Jul 21, 1998
$1,225,000
Gnm II Ltd
Lui,tak S
Grant Deed
$968,000 · Imperial Thrift & Loan
May 21, 1996
—
Lui,tak S
Fbp Assets LP
Trustees Deed
$503,750 · First Public Savings Bank
Aug 30, 1994
$6,900
Asset Fbp
Fid,fed Bk
Grant Deed
—
Dec 22, 1993
$616,000
Fidelity Federal Bank
Burbank Palms
Trustees Deed
related
—
—
—
Burbanks Palms
—
Deed Of Trust
related
$21,000 · Individual
—
—
Gnm Ltd
—
Deed Of Trust
related
—
—
—
Gnm II Ltd LP
—
Deed Of Trust
related
$1,110,000 · California Federal Bank
—
—
Gnm II Ltd
—
Deed Of Trust
related
$2,800,000 · Citibank West Fsb
—
—
Government Nat'l Mtg Assn
—
Deed Of Trust
related
$390,000 · Cockrell Trust
—
—
Gnm II Ltd LP
—
Deed Of Trust
related
$7,800,000 · Luther Burbank Svgs
—
—
Gnm II Ltd LP
—
Deed Of Trust
related
$930,000 · 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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