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Property profile & analytics
FOR LEASE
Medical Office Space
2701 W Alameda Ave Burbank, CA 91505
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6302593
For Lease
1 / 3
$20,255,000
2701 W Alameda Ave, Burbank, CA 91505
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Construction
CONCRETE
Total area
52,131 SF
Lot
0.58 ac (25,477 SF)
Zoning code
BUC2YY
APN
2484-021-016
UPID
US09-6302593
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
-
Cla at Medical Plaza PSC Medical Clinic
-
Melvin A. Kum, DMD, MAGD, FICOI Dental Office
-
Tavitian Alexandre HK DDS Dental Office
-
Joseph Edward C DDS Dental Office
-
Okada Geoffrey DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.23M
Comparable Approach
Comparable
$14.00M
Blend (final)
Blend
$20.26M
Owner & transaction history
Ocotillo La 2701 LLC · 4 yrs held
Ocotillo La 2701 LLC
since 2021
Last sale
$23.9M
7 recorded transactions
Zoning & alternative use
BUC2YY · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$31.7M
+33.9%
Retail stores
$28.7M
+20.9%
Office building
$27.8M
+17.5%
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
$23,800,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,415,000
6.5%
$14,230,000
7%
$13,210,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$23,700,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$31,725,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$28,650,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$27,835,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$25,860,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,020,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$20.26M
Range $18.23M – $22.28M · ±10% · vs last sale $23.88M (Sep 27 2021)
Last sale anchor
$23.88M
Sep 27 2021
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
$389 / 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
$277,081
Tax year 2024
Assessed value
$24,839,550
Assessed 2024
Previous assessed
$24,839,550
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$5,930,280
Assessed improvement
$18,909,270
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1968
Construction
CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
52,131 SF
Lot
0.58 ac (25,477 SF)
Zoning code
BUC2YY
APN
2484-021-016
UPID
US09-6302593
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC2YY · Burbank, CA
Zoning BUC2YY · permitted uses
BUC2YY · 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
MEDICAL BUILDING Current
Est. value
$23.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.7M
RETAIL STORES
Est. value
$28.7M
OFFICE BUILDING
Est. value
$27.8M
WAREHOUSE, STORAGE
Est. value
$25.9M
COMMERCIAL (GENERAL)
Est. value
$25.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1968
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Ocotillo La 2701 LLC
Entity
Mailing address
11777 SAN VICENTE BLVD STE #550, LOS ANGELES, CA 90049-5026
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
—
Ocotillo La 2701 LLC
—
Deed
related
$19,000,000 · Pnc Bank NA
Sep 27, 2021
$23,875,000
Ocotillo La 2701 LLC
Shawn H Facth
Grant Deed
—
Aug 30, 2021
—
Affiliated Realty LLC
Shawn H Faeth
Correction Deed
related
—
Dec 26, 2018
—
Shawn H Faeth
Survivors Dunnigan Trust
Quit Claim Deed
—
Dec 17, 2018
—
David M Faeth
Dunnigan Survivors Trust
Quit Claim Deed
—
Nov 29, 2018
—
Dunnigan Survivors Trust
Dunnigan Trust
Quit Claim Deed
related
—
May 1, 2018
—
Owner Name Unavailable
Dunnigan,joseph H JR
Affidavit Of Death
related
$7,550,000 · Mission Vly Bk
Aug 28, 2008
$7,125,000
Dunnigan Trust
Mabek
Grant Deed
$8,000,000 · John Hancock Life Insurance Co
May 25, 2000
—
Dunnigan,joseph H & Therese M Tr
Dunnigan,t M
Quit Claim Deed
related
—
—
—
Therese M Dunnigan
—
Deed Of Trust
related
$2,100,000 · Aid Association For Lutheran
—
—
Dunnigan Trust
—
Deed Of Trust
related
$7,550,000 · Mission Vly Bk
—
—
Theresa Dunnigan
—
Deed Of Trust
related
$287,000 · Valley 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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