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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
23538 Calabasas Rd Calabasas, CA 91302-1310
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8669516
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1919
Construction
WOOD
Total area
2,372 SF
Lot
0.14 ac (5,932 SF)
Zoning code
CSCT*
APN
2068-004-061
UPID
US09-8669516
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
-
Cardinal Drywall & Painting Painting
-
The Mulholland Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$805k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Calabasas Property LLC · 16 yrs held
Calabasas Property LLC
since 2010
7 recorded transactions
Zoning & alternative use
CSCT* · Calabasas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+18.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
RETAIL STORES
$910,000
Current use
MEDICAL BUILDING
$1,080,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$735,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
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
$274 / 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
$9,486
Tax year 2024
Assessed value
$799,215
Assessed 2024
Previous assessed
$799,215
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$591,733
Assessed improvement
$207,482
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1919
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
2
Bathrooms
1
Total area
2,372 SF
Lot
0.14 ac (5,932 SF)
Zoning code
CSCT*
APN
2068-004-061
UPID
US09-8669516
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CSCT* · Calabasas, CA
Zoning CSCT* · permitted uses
CSCT* · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$910,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$735,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1919
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
2
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Calabasas Property LLC
Entity
Mailing address
23801 CALABASAS RD STE #1036, CALABASAS, CA 91302-3319
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
—
Calabasas Property LLC
—
Deed
related
$2,000,000 · Evertrust Bank
Aug 14, 2018
—
Calabasas Property LLC
—
Deed
related
$3,000,000 · Steven M Roth
Oct 17, 2017
—
Calabasas Property LLC
—
Deed
related
$1,900,000 · Calabasas Property LLC Calabasas Property LLC
Feb 8, 2010
—
Calabasas Property LLC
Rosenson,bernard & Cynthia
Grant Deed
—
Aug 27, 2004
—
Bernard Rosenson
—
Deed Of Trust
related
$2,054,000 · Wells Fargo Bank
Aug 5, 1998
$520,000
Bernard Rosenson
Boone,robert H & Mary J
Grant Deed
$400,000 · Seller
—
—
Mary J Boone
—
Deed Of Trust
related
$40,000 · Marina State Bank
—
—
Calabasas Property LLC
—
Deed Of Trust
related
$1,900,000 · Calabasas Property LLC Calabasas Property LLC
—
—
Calabasas Property LLC
—
Deed Of Trust
related
$3,000,000 · Steven M Roth
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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