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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Parking lots & garages
18341 Sherman Way Reseda, CA 91335-4472
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7851312
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1952
Total area
18,100 SF
Lot
0.42 ac (18,129 SF)
Zoning code
LAP
APN
2119-023-011
UPID
US09-7851312
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
-
Allied Air Conditioning & Furnace Repair HVAC Service General Contractor
-
Transamerica Moving & Storage Moving Company Storage Facility
-
Fleurs De France Lavender Big Box & Wholesale Store Cosmetic Store
-
Simply Home Remodeling Inc Roofing Company General Contractor
-
Heart of Worship Chapel Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Reseda Majestic LLC · 10 yrs held
Reseda Majestic LLC
since 2015
5 recorded transactions
Zoning & alternative use
LAP · Reseda, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$41 / 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
$22,951
Tax year 2024
Assessed value
$1,833,719
Assessed 2024
Previous assessed
$1,833,719
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,740,876
Assessed improvement
$92,843
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1952
Heating
NONE
Total area
18,100 SF
Lot
0.42 ac (18,129 SF)
Zoning code
LAP
APN
2119-023-011
UPID
US09-7851312
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Reseda, CA
Zoning LAP · permitted uses
LAP · 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.
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Lot
0.42 ac
Current owner
From public records · entity-resolved
Reseda Majestic LLC
Entity
Mailing address
8500 WILSHIRE BLVD STE #829, BEVERLY HILLS, CA 90211-3106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Oct 15, 2015
$5,200,000
Reseda Majestic LLC
Majestic Plaza LLC
Grant Deed
$2,816,000 · Mega Bank
Jul 8, 2004
—
Valley West Center INC
Roh,si
Quit Claim Deed
related
—
Dec 31, 2002
$720,000
Si Roh
Valley West Center INC
Grant Deed
related
$487,000 · Valley West Center INC
Jan 15, 2002
—
Valley West Center INC
Wee,paul H & Lisa Y
Grant Deed
$1,850,000 · Gmac Mortgage Corp
Apr 9, 1997
$380,000
Paul H Wee
18329 Sherman Way LP
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.
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