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Property profile & analytics
OFF-MARKET
Estimated value
$10,625,000
Office buildings
24007 Ventura Blvd Calabasas, CA 91302-1458
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8611153
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD
Total area
36,774 SF
Lot
1.35 ac (58,809 SF)
Zoning code
LCM1*
APN
2049-021-049
UPID
US09-8611153
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
-
Solarelectric Inc. Electrical Service
-
First Capital Insurance Services Insurance Agency
-
Dr. Brian Ross - Los Angeles Magazine Top Chiropractor 2018, 2019, 2020 and 2021 Alternative Medicine Practice
-
LAW OFFICES OF KEVIN C. BOYLE Law Firm
-
Mooradian Law, APC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.63M
Owner & transaction history
North Park Calabasas LLC · 11 yrs held
North Park Calabasas LLC
since 2014
7 recorded transactions
Zoning & alternative use
LCM1* · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,290,000
6.5%
$13,190,000
7%
$12,250,000
Blend value · Realmo final
$10.63M
Range $9.56M – $11.69M · ±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
$289 / 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
$74,921
Tax year 2024
Assessed value
$6,148,133
Assessed 2024
Previous assessed
$6,148,133
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,634,476
Assessed improvement
$4,513,657
Applied tax rate
6.0000
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
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Stories
1
Total area
36,774 SF
Lot
1.35 ac (58,809 SF)
Zoning code
LCM1*
APN
2049-021-049
UPID
US09-8611153
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCM1* · Calabasas, CA
Zoning LCM1* · permitted uses
LCM1* · 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
1984
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
North Park Calabasas LLC
Entity
Mailing address
23945 CALABASAS RD STE #111, CALABASAS, CA 91302-1505
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
—
North Park Calabasas LLC
—
Deed
related
$4,300,000 · California Cu
Oct 4, 2024
—
Northpark Calabasas LLC
—
Deed
related
$4,305,000 · Al Dickens Revocable Trust
Aug 18, 2014
—
North Park Calabasas LLC
North Park Calabasas Partnership
Grant Deed
$6,000,000 · Spt Ca Fundings LLC
Oct 29, 1999
—
Krebs Trust
Bell Trust
Grant Deed
$583,670 · Seller
Apr 21, 1995
—
Maingot William G Co Tr Et Al
—
Deed Of Trust
related
—
—
—
Calabasas Office Assoc
—
Deed Of Trust
related
$3,420,000 · John Hancock Mutual Life Ins
—
—
North Park Calabasas Ptshp
—
Deed Of Trust
related
$3,250,000 · John Hancock Life Insurance Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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