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Property profile & analytics
OFF-MARKET
Estimated value
$6,100,000
Office buildings
2600 Magnolia Blvd Burbank, CA 91505-3031
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-6517915
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
TILT-UP CONCRETE
Total area
16,700 SF
Lot
0.43 ac (18,785 SF)
Zoning code
BUC3*
APN
2479-003-026
UPID
US09-6517915
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
$6.10M
CAP Approach
CAP
$5.87M
Comparable Approach
Comparable
$4.86M
Blend (final)
Blend
$6.10M
Owner & transaction history
2600 W Magnolia LLC · 1 yrs held
2600 W Magnolia LLC
since 2024
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
BUC3* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.2M
+14.0%
Retail stores
$9.2M
+2.9%
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
Method
Estimation
Statistic approach
$6,100,000
ML approach
$6,100,000
CAP Approach
CAP Return
Estimation
6%
$6,360,000
6.5%
$5,870,000
7%
$5,450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,915,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,165,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$9,175,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$8,285,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,015,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$7,590,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$6.10M
Range $5.49M – $6.71M · ±10% · vs last sale $6.10M (Sep 19 2024)
Last sale anchor
$6.10M
Sep 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
$365 / 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
$32,326
Tax year 2024
Assessed value
$2,787,820
Assessed 2024
Previous assessed
$2,787,820
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,672,693
Assessed improvement
$1,115,127
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
16,700 SF
Lot
0.43 ac (18,785 SF)
Zoning code
BUC3*
APN
2479-003-026
UPID
US09-6517915
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3* · Burbank, CA
Zoning BUC3* · permitted uses
BUC3* · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.2M
RETAIL STORES
Est. value
$9.2M
WAREHOUSE, STORAGE
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1956
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
2600 W Magnolia LLC
Entity
Mailing address
4210 PO BOX 69157TH ST, WEST HOLLYWOOD, CA 90069-0157
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$6,100,000
2600 W Magnolia LLC
T A M Riverside Properties LLC
Grant Deed
$3,965,000 · East West Bank
Aug 27, 2003
$2,450,000
T A M Riverside Properties LLC
Summit Care Corp
Grant Deed
$1,679,200 · First Regional Bank
Mar 27, 1999
—
Summit Care Corp
—
Deed Of Trust
related
—
Jul 8, 1998
—
Summit Care Corp
—
Deed Of Trust
related
$30,000,000 · Bank Of Montreal
Apr 20, 1994
—
Summit Care Corp
—
Deed Of Trust
related
—
Aug 13, 1993
—
Summit Care Corporation
—
Deed Of Trust
related
—
Jun 25, 1993
—
Summit Properties
Summit Health Lt
Quit Claim Deed
related
$1,044,000 · Summit Properties
—
—
Tam Riverside Properties LLC
—
Deed Of Trust
related
$2,625,000 · Premier America FCU
—
—
Tam Riverside Properties LLC
—
Deed Of Trust
related
$230,000 · Scullin Family Trust (pt)
—
—
Summit Care Corporation
—
Deed Of Trust
related
$1,300,000 · Union 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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