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    18211 Ventura Blvd Tarzana, CA 91356-3617
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    Property profile & analytics

    18211 Ventura Blvd, Tarzana, CA 91356-3617

    View on Map
    • Banks
    • 7,298 SF
    • 0.52 lot acres
    Off-Market
    Last Sale Jun 24, 2020
    $1,750,000
    Property ID
    US09-7826549
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,795,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Burekas Plus / Restaurant
    • Office Depot Print & Copy Services / (Bike/Boat/Book/etc) Store / Printing Service
    • FedEx ShipSite / Postal Service / Courier Service
    • Office Depot Tech Services / Tech Support Center / IT Consulting Firm
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 18211 Ventura Blvd

    Year built
    1963
    Construction
    TILT-UP CONCRETE
    Lot size
    0.52 lot acres
    Zone code
    LAC2
    Property type
    Banks
    APN
    2160-014-010
    APU
    2160014010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 24, 2020 — Kgre LLC Kassabian Z & S F/tr Quit Claim Deed —
    Jan 9, 2003 $700,000 Kassabian,tr Kassabian,antranik & Houri Quit Claim Deed · related —
    Apr 12, 1991 $1,750,000 Kassabian Zohrab Co Tr Unknown Grant Deed —
    — — Kassabian,trust — Deed Of Trust · related $1M · Tokai Bank California
    Jan 8, 1963 — — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,875,000
      ML approach
      $1,805,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tarzana
    County
    Los Angeles
    State
    California
    Longitude
    -118.529
    Latitude
    34.1665
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $32,418
    $2,461,571
    $79,697
    $2,541,268
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      7,125 SF

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      FINANCIAL BUILDING
      18409 Ventura Blvd, Tarzana, CA 91356-4201
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      $605,000
      9,220 SF

      18705 Ventura Blvd

      FINANCIAL BUILDING
      18705 Ventura Blvd, Tarzana, CA 91356-3302
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    • Value Estimation
      $850,000
      9,443 SF

      19259 Ventura Blvd

      FINANCIAL BUILDING
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    • Value Estimation by Request
      3,277 SF

      19449 Ventura Blvd

      FINANCIAL BUILDING
      19449 Ventura Blvd, Tarzana, CA 91356-3030
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    • Value Estimation
      $1,155,000
      50,000 SF

      18337 Ventura Blvd

      FINANCIAL BUILDING
      18337 Ventura Blvd, Tarzana, CA 91356-4218
      View Details

    Similar Nearby for Sale

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      Retail Property in High Traffic Area

      Retail property for sale in a high-traffic location.
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      Retail Space on Ventura Blvd

      2,700 SF retail space with prime Ventura Blvd frontage.
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      Prime West San Fernando Valley Location

      Strategic location with ample parking and high visibility.
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      NNN Leased Automotive Retail Asset

      Long-term NNN leased automotive retail asset in Tarzana, CA.
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      Office Property for Sale

      Office property available for sale in Los Angeles, CA.
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    Similar Nearby for Lease

    • $1.85 SF/Yr
      5,248 SF

      Renovated Class A Office Building

      Newly renovated Class A office building in prime Tarzana location.
      18801 Ventura Blvd, Tarzana, CA 91356
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      1,434 SF

      Retail Space Available For Rent

      Retail space available for rent in Tarzana, California.
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      View Details
    • $2 SF/Yr
      1,300 SF

      Ventura Boulevard Retail Suites Available

      Retail suites for lease on Ventura Boulevard.
      18735-18751 Ventura Blvd, Tarzana, CA 91356
      View Details
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      4,000 SF

      Retail Space on Ventura Blvd

      Retail space available for lease on Ventura Boulevard.
      18849-18859 Ventura Blvd, Tarzana, CA 91356
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      Retail Space for Lease

      Retail property available for lease in Los Angeles, CA.
      18934 Ventura Blvd, Los Angeles, CA 91356
      View Details
    • Contact for pricing

      Ventura Blvd Retail Space Available

      Retail space with excellent street visibility on Ventura Boulevard.
      18955 Ventura Blvd, Los Angeles, CA 91356
      View Details

    Property Visit Statistics

    • Visits by month
      10.2k
    • Visitors by month
      7.9k
    • Avg Time on site
      22 min
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    Tarzana, CA 91356-3617
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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