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Property profile & analytics
FOR SALE
Office buildings
23501 Park Sorrento 211 Calabasas, CA 91302
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7140375
For Sale
1 / 17
$649,500
23501 Park Sorrento,Unit 211, Calabasas, CA 91302
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
WOOD
Total area
615 SF
Lot
1.48 ac (64,289 SF)
Zoning code
LCC2*
APN
2068-004-047
UPID
US09-7140375
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Melina Family Trust · 10 yrs held
Melina Family Trust
since 2016
7 recorded transactions
Zoning & alternative use
LCC2* · Calabasas, 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 Calabasas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Calabasas 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
—
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
$4,193
Tax year 2024
Assessed value
$318,108
Assessed 2024
Previous assessed
$318,108
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$95,370
Assessed improvement
$222,738
Applied tax rate
10.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1979
Construction
WOOD
Heating
NONE
Total area
615 SF
Lot
1.48 ac (64,289 SF)
Zoning code
LCC2*
APN
2068-004-047
UPID
US09-7140375
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCC2* · Calabasas, CA
Zoning LCC2* · permitted uses
LCC2* · Calabasas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Calabasas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Lot
1.48 ac
Current owner
From public records · entity-resolved
Melina Family Trust
Trust
Mailing address
5867 MAURY AVE, WOODLAND HILLS, CA 91367-1047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2019
—
Melina Family Trust
—
Deed
related
$300,000 · Summit Cap
Mar 23, 2016
—
Melina Family Trust
Melina,alan & Joyce
Quit Claim Deed
related
—
Aug 3, 2012
$263,500
Alan Melina
Ahuja,adarsh
Grant Deed
—
Oct 24, 2011
—
Adarsh Ahuja
Ahuja,kumar & Adarsh
Quit Claim Deed
related
$150,000 · Jf Investment INC Psp
Jan 25, 2002
$300,000
Adarsh Ahuja
Eichner Trust
Grant Deed
related
$200,000 · Eichner Trust
Feb 19, 1997
$29,000
Eichner Trust
Schwartz,norman & June M
Grant Deed
related
—
May 6, 1994
—
Davis Robert J Co Tr Et Al
—
Deed Of Trust
related
—
—
—
Melina Family Trust
—
Deed Of Trust
related
$300,000 · Summit Cap
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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