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Property profile & analytics
OFF-MARKET
Estimated value
$7,855,000
Banks
18120 Sherman Way Reseda, CA 91335-4548
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-8363901
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1957
Total area
10,432 SF
Lot
0.5 ac (21,588 SF)
Zoning code
LAC2
APN
2125-036-083
UPID
US09-8363901
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
-
Bank of America Financial Center Bank Loan Service
-
Mortgage, Bank of America Loan Service Bank
-
Bank of America ATM Atm Financial Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.36M
Blend (final)
Blend
$7.86M
Owner & transaction history
Mpm 18120 Sherman Way LLC
Mpm 18120 Sherman Way LLC
since 2026
Last sale
$7.6M
5 recorded transactions
Zoning & alternative use
LAC2 · Reseda, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+52.4%
Auto repair, garage
$5.7M
+0.7%
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 Reseda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reseda 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$5,630,000
Current use
RESTAURANT
$8,580,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,670,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$5,235,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$4,750,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.86M
Range $7.07M – $8.64M · ±10% · vs last sale $7.60M (Oct 27 2024)
Last sale anchor
$7.60M
Oct 27 2024
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
$753 / 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
$62,154
Tax year 2024
Assessed value
$4,926,797
Assessed 2024
Previous assessed
$4,926,797
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,185,921
Assessed improvement
$1,740,876
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1957
Heating
NONE
Cooling
YES
Stories
1
Units
2
Total area
10,432 SF
Lot
0.5 ac (21,588 SF)
Zoning code
LAC2
APN
2125-036-083
UPID
US09-8363901
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Reseda, CA
Zoning LAC2 · permitted uses
LAC2 · Reseda, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reseda. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$5.6M
RESTAURANT
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.8M
FINANCIAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1957
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Mpm 18120 Sherman Way LLC
Entity
Free & Clear · 0 yrs held
Mailing address
10590 WILSHIRE BLVD APT #807, LOS ANGELES, CA 90024-4557
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
—
Mpm 18120 Sherman Way LLC
Magnolia Educational & Research Fnd
Grant Deed
—
Jan 27, 2025
$7,600,000
Magnolia Educational & Research Fnd
Hh Sherman LLC
Grant Deed
$7,825,000 · Cli Capital
Oct 12, 2016
$1,175,000
Hh Sherman LLC
First States Invtrs 5200 LLC
Grant Deed
$650,000 · Bank Of Hope
Oct 26, 2004
$987,500
First States Invtrs 5200 LLC
Bank Of America NA
Grant Deed
related
—
Oct 10, 1966
—
—
—
Grant Deed
related
—
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.
Try Rey
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