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Property profile & analytics
OFF-MARKET
Estimated value
$15,025,000
Office buildings
24025 Park Sorrento Calabasas, CA 91302-4018
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7553306
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Construction
STEEL FRAME
Total area
108,344 SF
Lot
4.1 ac (178,493 SF)
Zoning code
CSCM
APN
2068-003-032
UPID
US09-7553306
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
-
ROCASOUND Film Production Television Studio
-
Newmark Real Estate Agency
-
Sedgwick Claims Management Services Insurance Agency
-
Town Car Services In Calabasas Limousine Service
-
Covered California Certified Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.03M
Owner & transaction history
Rref II Calabasas Pk Ctr LLC · 7 yrs held
Rref II Calabasas Pk Ctr LLC
since 2018
3 recorded transactions
Zoning & alternative use
CSCM · 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
$139 / 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
$590,945
Tax year 2024
Assessed value
$38,802,560
Assessed 2024
Previous assessed
$38,802,560
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$7,589,902
Assessed improvement
$31,212,658
Applied tax rate
14.0000
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 (MULTI-STORY)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Stories
4
Total area
108,344 SF
Lot
4.1 ac (178,493 SF)
Zoning code
CSCM
APN
2068-003-032
UPID
US09-7553306
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CSCM · Calabasas, CA
Zoning CSCM · permitted uses
CSCM · 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
2000
Construction
STEEL FRAME
Heating
NONE
Stories
4
Lot
4.1 ac
Current owner
From public records · entity-resolved
Rref II Calabasas Pk Ctr LLC
Entity
Free & Clear · 7 yrs held
Mailing address
236 S SIERRA AVE STE #100, SOLANA BEACH, CA 92075-1862
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2019
—
Rref II Calabasas Pk Ctr LLC
—
Deed
related
$60,094,950 · Canadian Imperial Bk/commerc
Dec 31, 2018
$78,225,000
Rref II Calabasas Pk Ctr LLC
Kilroy Realty LP
Grant Deed
—
—
—
Rref II Calabasas Pk Ctr LLC
—
Deed Of Trust
related
$60,094,950 · Canadian Imperial Bk/commerc
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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