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Property profile & analytics
OFF-MARKET
Estimated value
$53,035,000
Assisted living facilities
24141 Ventura Blvd Calabasas, CA 91302-1449
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9910859
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2017
Construction
CONCRETE
Total area
107,395 SF
Lot
4.98 ac (217,008 SF)
Zoning code
CPD
APN
2049-043-005
UPID
US09-9910859
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
-
Belmont Village Senior Living Calabasas Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$53.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$44.64M
Blend (final)
Blend
$53.04M
Owner & transaction history
Belmont Village Calabasas Cpt Owner · 1 yrs held
Belmont Village Calabasas Cpt Owner
since 2024
Last sale
$53.0M
7 recorded transactions
Zoning & alternative use
CPD · Calabasas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$69.9M
+135.8%
Neighborhood: shopping center
$65.4M
+120.4%
Warehouse, storage
$60.7M
+104.6%
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
$53,035,000
ML approach
$53,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$69,935,000
Change: +136% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$65,360,000
Change: +120% · Conversion: Difficult
WAREHOUSE, STORAGE
$60,675,000
Change: +105% · Conversion: Difficult
AUTO REPAIR, GARAGE
$49,675,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$48,820,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$41,160,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$53.04M
Range $47.73M – $58.34M · ±10% · vs last sale $53.03M (Aug 19 2024)
Last sale anchor
$53.03M
Aug 19 2024
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
$494 / 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
$611,004
Tax year 2024
Assessed value
$53,730,800
Assessed 2024
Previous assessed
$53,730,800
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$7,659,865
Assessed improvement
$46,070,935
Applied tax rate
12.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2017
Construction
CONCRETE
Heating
NONE
Units
140
Total area
107,395 SF
Lot
4.98 ac (217,008 SF)
Zoning code
CPD
APN
2049-043-005
UPID
US09-9910859
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CPD · Calabasas, CA
Zoning CPD · permitted uses
CPD · 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
RESTAURANT
Est. value
$69.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$65.4M
WAREHOUSE, STORAGE
Est. value
$60.7M
AUTO REPAIR, GARAGE
Est. value
$49.7M
MEDICAL BUILDING
Est. value
$48.8M
RETAIL STORES
Est. value
$41.2M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2017
Construction
CONCRETE
Heating
NONE
Units
140
Lot
4.98 ac
Current owner
From public records · entity-resolved
Belmont Village Calabasas Cpt Owner
Individual
Mailing address
7660 WOODWAY DR STE #400, HOUSTON, TX 77063-1528
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
—
Belmont Village Calabasas Cpt Owner
—
Deed
related
$250,000 · The Northwest Mutual Life Insurance
Aug 19, 2024
$53,033,000
Belmont Village Calabasas Cpt Owner
24141 Ventura Boulevard LLC
Grant Deed
—
Dec 28, 2023
—
24141 Ventura Boulevard LLC
—
Deed
related
$51,100,524 · Bmo Bank NA
Mar 31, 2020
—
24141 Ventura Boulevard LLC
—
Deed
related
$59,500,000 · Fifth Third Bank
May 3, 2016
—
24141 Ventura Boulevard LLC
—
Deed
related
$27,134,743 · Cadence Bank NA
Mar 10, 2016
$6,000,000
24141 Ventura Boulevard LLC
Koll Of Per Center Calabasas LLC
Grant Deed
—
Dec 14, 2007
—
Koll Of Per Center Calabasas LLC
—
Trustees Deed
related
$21,200,000 · East West Bank
Oct 11, 2007
$12,050,000
Koll Of Per Center Calabasas LLC
24123 Ventura Blvd LLC
Grant Deed
—
Oct 10, 2007
—
Koll Of Per Center Calabasas LLC
24123 Ventura Blvd LLC
Grant Deed
related
—
Mar 14, 2005
—
24123 Ventura Blvd LLC
24123 Ventura Blvd LLC
Quit Claim Deed
related
—
—
—
24123 Ventura Blvd LLC
—
Deed Of Trust
related
$1,017,000 · Alliance Bank
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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