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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
1711 Magnolia Blvd Burbank, CA 91506-1839
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-0221518
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Construction
TILT-UP CONCRETE
Total area
1,384 SF
Lot
0.06 ac (2,752 SF)
Zoning code
BUC3YY
APN
2448-018-006
UPID
US10-0221518
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
$540k
Comparable Approach
Comparable
$338k
Blend (final)
Blend
$525k
Owner & transaction history
Frederick G Kochakji · 9 yrs held
Frederick G Kochakji
since 2017
7 recorded transactions
Zoning & alternative use
BUC3YY · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$840,000
+11.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
RETAIL STORES
$755,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$745,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$685,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$630,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$379 / 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
$9,893
Tax year 2024
Assessed value
$881,813
Assessed 2024
Previous assessed
$881,813
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$540,466
Assessed improvement
$341,347
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
1,384 SF
Lot
0.06 ac (2,752 SF)
Zoning code
BUC3YY
APN
2448-018-006
UPID
US10-0221518
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3YY · Burbank, CA
Zoning BUC3YY · permitted uses
BUC3YY · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
OFFICE BUILDING
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$665,000
MEDICAL BUILDING
Est. value
$630,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL 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
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Frederick G Kochakji
Individual
Mailing address
PO BOX 17300, ENCINO, CA 91416-7300
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2017
$775,000
Frederick G Kochakji
Spell Family Living Trust
Grant Deed
—
Jun 16, 2017
—
Stephen L Kochak
Kochak,valerie
Quit Claim Deed
related
—
Mar 28, 2016
—
Spell Family Living Trust
Spell Family Living Trust
Quit Claim Deed
related
—
Mar 10, 2014
$452,000
Spell Living Trust
Gary Weber
Grant Deed
$384,200 · Wells Fargo Bank NA
Sep 26, 1991
$227,500
Gary Weber
Macaya,luis A
Grant Deed
$88,200 · Seller
—
—
Gary Weber
—
Deed Of Trust
related
$13,500 · Abraham Tawil
—
—
Luis A Macaya
—
Deed Of Trust
related
$100,000 · Burbank National 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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