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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Investment properties
17616 Sherman Way Van Nuys, CA 91406-3509
Trust Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8460696
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1964
Construction
WOOD
Total area
19,315 SF
Lot
0.31 ac (13,465 SF)
Zoning code
LAC2
APN
2228-021-012
UPID
US09-8460696
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.77M
Owner & transaction history
Arevagagangapileoutoun Trust · 15 yrs held
Arevagagangapileoutoun Trust
since 2011
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$143 / 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
$21,341
Tax year 2024
Assessed value
$1,576,139
Assessed 2024
Previous assessed
$1,576,139
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$452,041
Assessed improvement
$1,124,098
Applied tax rate
8.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
19,315 SF
Lot
0.31 ac (13,465 SF)
Zoning code
LAC2
APN
2228-021-012
UPID
US09-8460696
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.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Arevagagangapileoutoun Trust
Trust
Mailing address
1140 SWEETBRIAR DR, GLENDALE, CA 91206-1530
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2011
—
Arevagagangapileoutoun Trust
Kalaydjian,zohrab & Anahid
Grant Deed
related
—
Apr 25, 2011
—
Zohrab Kalaydjian
Kalaydjian,zohrab & Anahid
Quit Claim Deed
related
—
Mar 29, 2011
—
Zohrab Kalaydjian
Kalaydjian,hovsep & Narine
Quit Claim Deed
related
$1,856,500 · Small Business Capital Corp
Jun 9, 2000
$365,000
Zohrab Kalaydjian
Log Development Group LLC
Grant Deed
—
Dec 2, 1999
—
Log Dev Grp
Mulrey,l
Grant Deed
related
—
Sep 20, 1999
$1,100,000
Lawrence Mulrey
Sher Oak Building Co
Grant Deed
$825,000 · Affinity Bank
Nov 30, 1993
—
Oak Bldg Sher
Sher,oak Bldg
Quit Claim Deed
related
—
—
—
Sher Oak Building Co
—
Deed Of Trust
related
$750,000 · Investors Thrift
—
—
Sher Oak Bldg Co
—
Deed Of Trust
related
$550,000 · First Los Angeles Bank
—
—
Zohrab Kalaydjian
—
Deed Of Trust
related
$930,000 · Centennial 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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