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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Retail space
2700 Magnolia Blvd Burbank, CA 91505-3034
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0201772
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
2,434 SF
Lot
0.14 ac (6,250 SF)
Zoning code
BUC3YY
APN
2479-005-009
UPID
US10-0201772
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
-
Ascension Post Recording Studio
-
CDP Sound IT Consulting Firm Tech Support Center
-
ADR Foley Mixing TV Film Film Production Television Studio
-
Martin Gray Studio Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.56M
Owner & transaction history
Michael Block · 3 yrs held
Michael Block
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
BUC3YY · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+43.4%
Neighborhood: shopping center
$1.5M
+10.8%
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
$1,475,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,340,000
Current use
AUTO REPAIR, GARAGE
$1,915,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,480,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$1,300,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,205,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,170,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$1,105,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.60M (Dec 21 2022)
Last sale anchor
$1.60M
Dec 21 2022
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
$641 / 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
$18,310
Tax year 2024
Assessed value
$1,632,000
Assessed 2024
Previous assessed
$1,632,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,060,800
Assessed improvement
$571,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Heating
NONE
Stories
1
Total area
2,434 SF
Lot
0.14 ac (6,250 SF)
Zoning code
BUC3YY
APN
2479-005-009
UPID
US10-0201772
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1946
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Michael Block
Individual
Free & Clear · 3 yrs held
Mailing address
1627 N CATALINA ST, BURBANK, CA 91505-1605
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
West Mag LLC
—
Deed
related
$657,000 · Cdc Small Business Finance Corp
Dec 23, 2022
—
Michael Block
Shirley Block
Affidavit Death Of Trustee/successor Trustee
related
—
Dec 21, 2022
$1,600,000
West Mag LLC
Larry A Block
Grant Deed
$800,000 · Jpmorgan Chase Bank NA
Jun 23, 2022
$400,000
Larry A Block
Ann G Moore
Quit Claim Deed
related
—
Sep 25, 2012
—
Moore Ann G Living Trust
Moore,ann G
Quit Claim Deed
related
—
Nov 7, 2011
—
Ann G Moore
Bernstein S & L Living Trust
Quit Claim Deed
related
—
Aug 4, 2011
—
Bernstein Living Trust
Bernstein,lillian
Affidavit Of Death
—
Mar 28, 2006
—
Bernstein Trust
Bernstein Trust
Quit Claim Deed
related
—
Feb 18, 1998
—
Shirley Block
Block S Trustee,
Quit Claim Deed
related
—
Jan 31, 1995
—
Bernstein,sidney & Lillian Trust
Bernstein,l
Quit Claim Deed
related
—
—
—
Block Trust
—
Deed Of Trust
related
$2,000 · Us Small Business Admn
—
—
Block Trust
—
Deed Of Trust
related
$25,000 · Us Small Business Admn
—
—
Block Trust
—
Deed Of Trust
related
$2,000 · Us Small Business Admn
—
—
Block Trust
—
Deed Of Trust
related
$25,000 · Us Small Business Admn
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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