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Property profile & analytics
OFF-MARKET
Estimated value
$11,885,000
Medical Office Space
23575 Park S St Calabasas, CA 91302-2026
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8484362
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
STEEL FRAME
Total area
70,875 SF
Lot
0.52 ac (22,749 SF)
Zoning code
INC1*
APN
4021-023-001
UPID
US09-8484362
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
$11.89M
Owner & transaction history
Hillcrest Ventures LLC · 6 yrs held
Hillcrest Ventures LLC
since 2019
7 recorded transactions
Zoning & alternative use
INC1* · 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
$168 / 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
$181,049
Tax year 2024
Assessed value
$12,330,322
Assessed 2024
Previous assessed
$12,330,322
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$4,288,807
Assessed improvement
$8,041,515
Applied tax rate
13.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Total area
70,875 SF
Lot
0.52 ac (22,749 SF)
Zoning code
INC1*
APN
4021-023-001
UPID
US09-8484362
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
INC1* · Calabasas, CA
Zoning INC1* · permitted uses
INC1* · 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
1962
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Lot
0.52 ac
Current owner
From public records · entity-resolved
Hillcrest Ventures LLC
Entity
Mailing address
23575 PARK S ST, CALABASAS, CA 91302-2026
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
Hillcrest Ventures LLC
—
Deed
related
$4,500,000 · Forbix Capital Corp
Aug 6, 2021
—
Hillcrest Ventures LLC
—
Deed
related
$32,000,000 · Royal Business Bank
Dec 29, 2020
—
Hillcrest Ventures LLC
—
Deed
related
$1,500,000 · Forbix Capital Corp
May 4, 2020
—
Hillcrest Ventures LLC
—
Deed
related
$6,300,000 · Royal Business Bank
Nov 20, 2019
$11,500,000
Hillcrest Ventures LLC
Jeff Kern
Grant Deed
$4,500,000 · First General Bank
Oct 31, 2018
—
Jeff Kern
—
Deed
related
$4,500,000 · Forbix Cap
Jul 24, 2013
$1,304,000
Jeff Kern
809 Osage LLC
Grant Deed
$511,086 · 809 Osage LLC
Apr 29, 2013
—
Nay Holdings LLC
Nosrati,elahe
Grant Deed
—
Dec 14, 2005
—
809 Osage LLC
336 Hillcrest Corp
Quit Claim Deed
related
—
Sep 29, 2005
—
336 Hillcrest Corp
Cedicci,jerry J
Quit Claim Deed
related
$2,500,000 · Budget Finance Co
Aug 31, 2004
$3,500,000
809 Osage LLC
Inglewood Investment
Grant Deed
$2,100,000 · Namco Capital Group INC
Aug 30, 1990
$1,650,000
Inglewood Inv Co
New West Fed Sav
Grant Deed
$1,000,000 · Individual
Aug 16, 1988
—
Amer
Hillcrest Medica
Trustees Deed
related
—
—
—
Jeff Kern
—
Deed Of Trust
related
$4,500,000 · Forbix Cap
—
—
Jeff Kern
—
Deed Of Trust
related
$300,000 · Jizi Cui
—
—
Inglewood Investment Co
—
Deed Of Trust
related
$1,350,000 · Golden Pacific Bank
—
—
809 Osage LLC
—
Deed Of Trust
related
$2,000,000 · Peter J Koral
—
—
809 Osage LLC
—
Loan Modification
related
$2,500,000 · Budget Funding I LLC
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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