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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Turn key restaurants
24737 Pico Cyn Rd Newhall, CA 91381-1702
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9928934
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Construction
WOOD
Total area
4,086 SF
Lot
0.8 ac (35,026 SF)
Zoning code
LCA25-C2*
APN
2826-010-014
UPID
US09-9928934
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
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$535k
Owner & transaction history
Clb Property LLC · 15 yrs held
Clb Property LLC
since 2011
7 recorded transactions
Zoning & alternative use
LCA25-C2* · Newhall, 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 Newhall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newhall 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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$131 / 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
$62,023
Tax year 2024
Assessed value
$3,707,368
Assessed 2024
Previous assessed
$3,707,368
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$2,200,105
Assessed improvement
$1,507,263
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
4,086 SF
Lot
0.8 ac (35,026 SF)
Zoning code
LCA25-C2*
APN
2826-010-014
UPID
US09-9928934
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LCA25-C2* · Newhall, CAZoning LCA25-C2* · permitted uses
LCA25-C2* · Newhall, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Clb Property LLC
Entity
Mailing address
706 HBR IS DR, NEWPORT BEACH, CA 92660-7227
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2011
$2,952,000
Clb Property LLC
Pico Canyon Ptshp
Grant Deed
$1,200,000 · Standard Insurance Co
Nov 10, 1999
—
Pico Canyon Prtnrshp
Lu,c W
Grant Deed
related
—
Apr 30, 1996
—
Lin-hui M Lu
Lu,c C
Quit Claim Deed
related
—
Dec 23, 1993
$92,000
Chang C Lu
Wong,bee-yun L
Grant Deed
—
Mar 1, 1993
$27,500
Lin,chih-ming & Jyu-mei C
Song,jerry
Trustees Deed
—
Oct 24, 1989
$1,900,000
Lu Connie W&
Rpm
Trustees Deed
$1,000,000 · Sageco Life Ins&
Oct 24, 1989
$650,000
Rpm Invs
Hage
Trustees Deed
related
—
Mar 20, 1989
$1,525,000
Rpm Invs
Karcher Carl Ent
Trustees Deed
$1,250,000 · Hager Invs
Mar 20, 1989
$275,000
Hager David&judi
Rpm
Trustees Deed
related
—
Jan 5, 1988
$1,450,000
Karcher Carl Ent
Brack
Grant Deed
—
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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