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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Grocery and convenience stores
2407 Victory Blvd Burbank, CA 91506-1228
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7258907
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1946
Construction
TILT-UP CONCRETE
Total area
19,101 SF
Lot
0.38 ac (16,499 SF)
Zoning code
BUC3YY
APN
2462-005-003
UPID
US09-7258907
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
$4.33M
Owner & transaction history
Heavenly Way Associates LP · 9 yrs held
Heavenly Way Associates LP
since 2017
7 recorded transactions
Zoning & alternative use
BUC3YY · Burbank, 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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$226 / 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
$46,676
Tax year 2024
Assessed value
$4,079,111
Assessed 2024
Previous assessed
$4,079,111
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,678,295
Assessed improvement
$2,400,816
Applied tax rate
2.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Units
1
Total area
19,101 SF
Lot
0.38 ac (16,499 SF)
Zoning code
BUC3YY
APN
2462-005-003
UPID
US09-7258907
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3YY · Burbank, CA
Zoning BUC3YY · permitted uses
BUC3YY · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Heavenly Way Associates LP
Entity
Free & Clear · 9 yrs held
Mailing address
6420 WILSHIRE BLVD #1500, LOS ANGELES, CA 90048-5502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
May 4, 2017
$5,340,000
Heavenly Way Associates LP
99 Cents Only Stores LLC
Grant Deed
—
Dec 4, 1998
$24,000
Ruben Juarez
Delacruz,gaspar
Grant Deed
—
Aug 27, 1996
$1,875,000
Jose Lefran
Betancourt,pedro & Nereyda
Grant Deed
$1,543,500 · Banco Popular De Puerto Rico
Feb 8, 1994
$694,300
Pedro Betancourt
Santos,angel F &
Trustees Deed
—
—
—
Santos Angel
—
Deed Of Trust
related
$1,500,000 · Banco Popular De Puerto Rico
—
—
Santos Angel
—
Deed Of Trust
related
$400,000 · Betancourt Pedro
—
—
Angel Santos
—
Deed Of Trust
related
$100,000 · Esquire Furnitur
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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