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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Retail space
17246 Vanowen St Van Nuys, CA 91406-4446
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7797122
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
WOOD
Total area
4,116 SF
Lot
0.17 ac (7,483 SF)
Zoning code
LAC2
APN
2230-013-019
UPID
US09-7797122
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
-
Cake Bash Studio Bakery Specialty Food Shop
-
Winscott Imports Inc Big Box & Wholesale Store
-
Casa De Smokes #2 (Bike/Boat/Book/etc) Store
-
Calm massage Alternative Medicine Practice Spa & Massage Center
-
Royal Care Services Inc. Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
Vanowen Louise LLC · 12 yrs held
Vanowen Louise LLC
since 2013
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%
$1,520,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,870,000
Change: -15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,775,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$277 / 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
$13,390
Tax year 2024
Assessed value
$1,057,598
Assessed 2024
Previous assessed
$1,057,598
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$420,635
Assessed improvement
$636,963
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
1989
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,116 SF
Lot
0.17 ac (7,483 SF)
Zoning code
LAC2
APN
2230-013-019
UPID
US09-7797122
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
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
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
1989
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Vanowen Louise LLC
Entity
Mailing address
3324 ALGINET DR, ENCINO, CA 91436-4122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2020
—
Vanowen Louise LLC
—
Deed
related
$550,000 · First General Bank
Oct 11, 2013
$880,000
Vanowen Louise LLC
Tamamian Jatt Living Trust
Grant Deed
$660,000 · Bank Of America
Sep 10, 2007
—
Tamamian Jatt Living Trust
Kalayjian,john JR & Annahid
Grant Deed
related
—
Mar 21, 2006
—
John Kalayjian JR.
Kalayjian,john JR
Quit Claim Deed
related
—
Mar 7, 2003
—
John Kalayjian
Kalayjian,anan
Quit Claim Deed
related
—
Sep 17, 1999
—
Horizon Assoc
Group B,
Grant Deed
related
—
Sep 15, 1999
$102,727
Group B LLC
Group A LLC
Grant Deed
related
—
Sep 7, 1999
—
Group A LLC
Horizon Assoc,
Grant Deed
related
—
Jun 23, 1998
—
Horizon Assoc
Amresco,finl 1
Grant Deed
related
—
Feb 11, 1998
$275,000
Amresco Financial I INC
Lin,andrew C & Christine Y
Trustees Deed
related
—
Apr 17, 1990
$853,000
Chy H Lin
Unknown
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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