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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Parking lots & garages
2834 Naomi St Burbank, CA 91504-2023
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9202937
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1956
Total area
6,500 SF
Lot
0.15 ac (6,675 SF)
Zoning code
BUM1YY
APN
2473-014-003
UPID
US09-9202937
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
-
CURING HANDS HOME HEALTH INC Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.30M
Owner & transaction history
Naomi Buildings LLC · 5 yrs held
Naomi Buildings LLC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
BUM1YY · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+7.8%
Retail stores
$3.5M
+3.5%
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
$2,125,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$3,350,000
Current use
OFFICE BUILDING
$3,610,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$3,465,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,225,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,120,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.45M (Jun 24 2021)
Last sale anchor
$2.45M
Jun 24 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
$354 / 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
$10,448
Tax year 2024
Assessed value
$928,556
Assessed 2024
Previous assessed
$928,556
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$875,496
Assessed improvement
$53,060
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1956
Heating
NONE
Units
1
Total area
6,500 SF
Lot
0.15 ac (6,675 SF)
Zoning code
BUM1YY
APN
2473-014-003
UPID
US09-9202937
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUM1YY · Burbank, CAZoning BUM1YY · permitted uses
BUM1YY · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
PARKING LOT Current
OFFICE BUILDING
RETAIL STORES
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
1956
Heating
NONE
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Naomi Buildings LLC
Entity
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2021
$2,450,000
Naomi Buildings LLC
2834 N Naomi LLC
Grant Deed
$2,205,000 · Mufg Union Bank NA
May 7, 2013
—
2834 N Naomi LLC
Vartanian,stepan A & Linda T
Grant Deed
—
Dec 28, 2006
—
Stepan A Vartanian
Vartanian,stepan A
Quit Claim Deed
related
$950,000 · Tomatobank NA
Nov 6, 2006
—
Vartanian Stepan & Linda Trust
Araghi,rojert
Grant Deed
—
Dec 19, 2003
—
Vartanian,tr
Vartanian,stepan A & Linda T
Quit Claim Deed
related
—
Mar 31, 1995
—
Stepan A Vartanian
Davoodian,n
Grant Deed
related
—
Dec 17, 1992
$44,045
Norayr Davoodian
Ocean Technology
Grant Deed
—
Jul 3, 1989
$300,000
Technology Ocean
Keller Dorothy M
Grant Deed
$150,000 · Keller Dorothy M
—
—
Stepan A Vartanian
—
Deed Of Trust
related
$50,000 · Individual
—
—
Stepan A Vartanian
—
Deed Of Trust
related
$365,000 · Ge Capital Small Business Fina
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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