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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Retail space
2112 Magnolia Blvd Burbank, CA 91506-1732
Trust Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0210033
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
TILT-UP CONCRETE
Total area
1,500 SF
Lot
0.06 ac (2,501 SF)
Zoning code
BUC3YY
APN
2447-007-005
UPID
US10-0210033
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
-
Fade Factory Barber Shop 2 Barber Shop
-
17-Studio Film Production Television Studio
-
Barber Chair Therapy Barber Shop
-
ATM Atm
-
Arris Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.00M
Owner & transaction history
Scott Lin And Lily Lin Family Trust
Scott Lin And Lily Lin Family Trust
since 2026
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
BUC3YY · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+44.0%
Neighborhood: shopping center
$915,000
+11.2%
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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$820,000
Current use
AUTO REPAIR, GARAGE
$1,180,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$805,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$745,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$680,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Jan 31 2024)
Last sale anchor
$1.00M
Jan 31 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
$667 / 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
$7,652
Tax year 2024
Assessed value
$677,504
Assessed 2024
Previous assessed
$677,504
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$542,007
Assessed improvement
$135,497
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Total area
1,500 SF
Lot
0.06 ac (2,501 SF)
Zoning code
BUC3YY
APN
2447-007-005
UPID
US10-0210033
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3YY · Burbank, CA
Zoning BUC3YY · permitted uses
BUC3YY · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
OFFICE BUILDING
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$720,000
MEDICAL BUILDING
Est. value
$680,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Scott Lin And Lily Lin Family Trust
Trust
Mailing address
3437 CASTLEMAN LN, BURBANK, CA 91504-1641
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2026
—
Scott Lin And Lily Lin Family Trust
Lin
Grant Deed
related
—
Jan 31, 2024
$1,000,000
Scott Lin
Prop Hobbies LLC
Grant Deed
$700,000 · Prop Hobbies LLC
Oct 20, 2017
—
Prop Hobbies LLC
Melton Steven B Trust
Quit Claim Deed
related
—
Feb 27, 2015
$575,000
Melton,steven B Trust
Niella Alexander
Grant Deed
—
Jun 22, 2011
—
Flor Kaprielian
Kaprielian,jirayer
Quit Claim Deed
related
—
Jun 22, 2011
$380,000
Alexander Niella
Keledjian,flor
Grant Deed
—
Mar 13, 2007
—
Flor Keledjian
Keledjian,antonio
Quit Claim Deed
related
$155,000 · Jeff Simon
—
—
Alexander Niella
—
Deed Of Trust
related
$10,500 · Avetis & Astgik Baltayan
—
—
Antonio Keledjian
—
Deed Of Trust
related
$45,000 · Coast Shoes INC
—
—
Alexander Niella
—
Deed Of Trust
related
$100,000 · Avetis & Astgik Baltayan
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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