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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Theaters & concert halls
2811 Magnolia Blvd Burbank, CA 91505-3037
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6509576
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1959
Total area
1,691 SF
Lot
0.08 ac (3,325 SF)
Zoning code
BUC3YY
APN
2478-019-024
UPID
US09-6509576
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
-
LACPA Partners, Inc. Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$785k
Blend (final)
Blend
$910k
Owner & transaction history
Amore Investments LLC · 4 yrs held
Amore Investments LLC
since 2022
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
BUC3YY · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+148.2%
Neighborhood: shopping center
$1.0M
+91.7%
Retail stores
$930,000
+73.1%
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
$1,060,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,330,000
Change: +148% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Change: +92% · Conversion: Difficult
RETAIL STORES
$930,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: +68% · Conversion: Difficult
WAREHOUSE, STORAGE
$840,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$810,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$770,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $925k (May 3 2022)
Last sale anchor
$925k
May 3 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
$538 / 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
$11,031
Tax year 2024
Assessed value
$981,616
Assessed 2024
Previous assessed
$981,616
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$769,375
Assessed improvement
$212,241
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Total area
1,691 SF
Lot
0.08 ac (3,325 SF)
Zoning code
BUC3YY
APN
2478-019-024
UPID
US09-6509576
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
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$930,000
OFFICE BUILDING
Est. value
$905,000
WAREHOUSE, STORAGE
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$810,000
MEDICAL BUILDING
Est. value
$770,000
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1959
Heating
NONE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Amore Investments LLC
Entity
Mailing address
5933 SATSUMA AVE, NORTH HOLLYWOOD, CA 91601-1447
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
—
Amore Investments LLC
Jose Oscar Sanchez
Quit Claim Deed
related
—
Mar 24, 2021
$925,000
Jose Oscar Sanchez
Borg INC
Grant Deed
$475,000 · Cit Bank NA
Mar 24, 2021
—
Jose Oscar Sanchez
—
Deed
related
$382,000 · The Mortgage Capital Development Corp
May 19, 2016
$742,000
Borg INC
Mclaughlin,patrick R
Grant Deed
—
Aug 20, 2009
$585,000
Patrick R Mclaughin
Third Stage LLC
Grant Deed
$525,000 · Third Stage LLC
Jan 28, 2005
$280,000
Third Stage LLC
Third Stage LLC
Grant Deed
—
Dec 27, 2004
—
Third Stage INC
Henriksen,james & Julie
Grant Deed
related
—
Oct 20, 2000
$223,000
James Henriksen
Seaside Ranchos
Grant Deed
$191,000 · Pacific Crest Bank
—
—
Julie Henriksen
—
Deed Of Trust
related
$185,000 · Wells Fargo 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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