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Property profile & analytics
OFF-MARKET
Estimated value
$11,805,000
Office buildings
2264 Barry Ave Los Angeles, CA 90064-1402
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7075253
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
TILT-UP CONCRETE
Total area
21,562 SF
Lot
0.45 ac (19,749 SF)
Zoning code
LAM2
APN
4260-014-035
UPID
US09-7075253
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
$11.77M
CAP Approach
CAP
$8.40M
Comparable Approach
Comparable
$12.36M
Blend (final)
Blend
$11.81M
Owner & transaction history
Berdan Holdings LLC · 5 yrs held
Berdan Holdings LLC
since 2020
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
LAM2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.2M
+31.0%
Auto repair, garage
$11.7M
+8.3%
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 Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles 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
$11,805,000
ML approach
$11,770,000
CAP Approach
CAP Return
Estimation
6%
$9,100,000
6.5%
$8,400,000
7%
$7,800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,820,000
Current use
RETAIL STORES
$14,175,000
Change: +31% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,720,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$9,825,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,130,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$11.81M
Range $10.62M – $12.99M · ±10% · vs last sale $9.29M (Oct 22 2020)
Last sale anchor
$9.29M
Oct 22 2020
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
$547 / 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
$120,722
Tax year 2024
Assessed value
$9,858,621
Assessed 2024
Previous assessed
$9,858,621
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$7,391,313
Assessed improvement
$2,467,308
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Total area
21,562 SF
Lot
0.45 ac (19,749 SF)
Zoning code
LAM2
APN
4260-014-035
UPID
US09-7075253
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Los Angeles, CAZoning LAM2 · permitted uses
LAM2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.8M
RETAIL STORES
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$11.7M
MEDICAL BUILDING
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.1M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Berdan Holdings LLC
Entity
Mailing address
1714 16TH ST, SANTA MONICA, CA 90404-4402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2021
—
Berdan Holdings LLC
—
Deed
related
$5,000,000 · Standard Insurance Co
Oct 22, 2020
$9,290,000
Berdan Holdings LLC
2256 Barry Avenue LLC
Grant Deed
—
Mar 31, 2017
—
2256 Barry Avenue LLC
—
Grant Deed
related
$5,140,000 · California Busn Bk
Jan 13, 2017
—
2256 Barry Avenue LLC
—
Deed
related
$4,650,000 · Private Mtg Fund
Nov 22, 2016
—
2256 Barry Avenue LLC
—
Deed
related
$4,200,000 · Private Mtg Fund
Sep 27, 2016
—
2256 Barry Avenue LLC
—
Deed
related
$3,800,000 · Private Mortgage Fund LLC
Oct 18, 2006
—
2256 Barry Avenue LLC
Mary Ann Schaevitz
Quit Claim Deed
related
$2,875,000 · Washington Mutual Bank
—
—
2256 Barry Avenue LLC
—
Loan Modification
related
$4,650,000 · Private Mtg Fund
—
—
2256 Barry Avenue LLC
—
Loan Modification
related
$4,200,000 · Private Mtg Fund
—
—
Baker Family Trust
—
Deed Of Trust
related
$700,000 · Hanmi Bank
—
—
Baker Trust
—
Deed Of Trust
related
$160,000 · Santa Monica 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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