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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Residential income homes
17425 Nordhoff St Northridge, CA 91325-2403
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6690985
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1997
Construction
WOOD
Total area
6,006 SF
Lot
0.4 ac (17,519 SF)
Zoning code
LARA
APN
2766-011-059
UPID
US09-6690985
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
$2.21M
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$2.13M
Owner & transaction history
Nordhoff Properties LLC · 6 yrs held
Nordhoff Properties LLC
since 2020
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
LARA · Northridge, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+67.4%
Medical building
$2.7M
+64.5%
Office building
$2.7M
+62.3%
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 Northridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northridge 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
$2,250,000
ML approach
$2,210,000
CAP Approach
CAP Return
Estimation
6%
$1,610,000
6.5%
$1,485,000
7%
$1,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,660,000
Current use
AUTO REPAIR, GARAGE
$2,780,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$2,730,000
Change: +64% · Conversion: Moderate
OFFICE BUILDING
$2,695,000
Change: +62% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,855,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,765,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10% · vs last sale $2.10M (Mar 4 2020)
Last sale anchor
$2.10M
Mar 4 2020
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
$354 / 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
$28,178
Tax year 2024
Assessed value
$2,251,620
Assessed 2024
Previous assessed
$2,251,620
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$997,145
Assessed improvement
$1,254,475
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Units
1
Bathrooms
7
Total area
6,006 SF
Lot
0.4 ac (17,519 SF)
Zoning code
LARA
APN
2766-011-059
UPID
US09-6690985
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARA · Northridge, CA
Zoning LARA · permitted uses
LARA · Northridge, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1997
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Units
1
Bathrooms
7
Lot
0.4 ac
Current owner
From public records · entity-resolved
Nordhoff Properties LLC
Entity
Mailing address
3165 GARFIELD AVE, COMMERCE, CA 90040-3217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
30 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2021
—
Two Nordhoff Properties LLC
—
Deed
related
$6,000,000 · East West Bank
Jul 23, 2020
—
Two Nordhoff Properties LLC
—
Deed
related
$3,500,000 · East West Bank
Mar 4, 2020
$2,100,000
Nordhoff Properties LLC
Brown Trust
Grant Deed
—
Mar 4, 2020
—
Two Nordhoff Properties LLC
—
Deed
related
$1,500,000 · Viastron Holdings LLC
Jan 2, 2019
—
Brown Trust
Brown,frederick L & Amy S
Quit Claim Deed
related
—
Mar 6, 2018
$2,025,500
Frederick Brown
Siesta House LLC
Grant Deed
$500,000 · Boston Private Bank & Trust Company
Apr 17, 2017
—
Siesta House LLC
—
Deed
related
$500,000 · Tst Group LLC
Feb 28, 2017
—
Siesta House LLC
—
Deed
related
$1,140,000 · Boston Private Bank & Trust Company
Nov 19, 2015
$1,400,000
Siesta House LLC
Sk Polymers INC
Grant Deed
$945,000 · Satzberg Family Trust (pt)
Aug 5, 2015
—
Sk Polymers INC
Stonegate Investments I LLC
Quit Claim Deed
—
Oct 27, 2014
$725,000
Stonegate Investments 1 LLC
Fcbrg
Grant Deed
$750,000 · Equity Funding Resources INC
Feb 14, 2014
$577,000
Fcbrg
Wells Fargo Bank 2007-ac5
Grant Deed
—
Dec 16, 2011
$631,606
Fargo Bk Series 2007-ac5 Wells
National Default Svcng
Trustees Deed
related
—
Apr 25, 2007
—
Mildred Stafford
Stafford Autry & M Trust
Quit Claim Deed
related
$527,500 · Hcl Finance INC
Feb 26, 2003
—
M Stafford
Stafford,tr
Quit Claim Deed
related
$375,000 · Greenpoint Mortgage Funding
Sep 5, 1997
—
Stafford,mildred M
—
Trustees Deed
related
—
Jul 10, 1997
—
Mildred M Stafford
—
Deed Of Trust
related
—
Jun 25, 1996
—
Stafford,mildred Tr
—
Deed Of Trust
related
—
Apr 26, 1993
—
Stafford,mildred Tr
—
Deed Of Trust
related
—
Dec 16, 1992
—
Stafford,mildred
—
Trustees Deed
related
—
Sep 5, 1989
—
Mildred Stafford
—
Deed Of Trust
related
—
—
—
Siesta House LLC
—
Deed Of Trust
related
$500,000 · Tst Group LLC
—
—
Mildred M Stafford
—
Deed Of Trust
related
$327,750 · Headlands Mortgage
—
—
Mildred M Stafford
—
Deed Of Trust
related
$327,750 · Headlands Mortgage
—
—
Mildred Stafford
—
Deed Of Trust
related
$18,000 · Us Small Business Admn
—
—
Two Nordhoff Properties LLC
—
Deed Of Trust
related
$1,500,000 · Viastron Holdings LLC
—
—
Mildred M Stafford
—
Deed Of Trust
related
$100,000 · Greenpoint Mortgage Funding
—
—
Mildred Stafford
—
Deed Of Trust
related
$13,300 · Us Small Business Admn
—
—
Mildred Stafford
—
Deed Of Trust
related
$160,000 · Greenpoint Mortgage Funding
—
—
Mildred Stafford
—
Deed Of Trust
related
$162,000 · Bank Of America
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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