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Property profile & analytics
OFF-MARKET
Estimated value
$63,640,000
Office buildings
2901 Alameda Ave Burbank, CA 91505-4407
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6510851
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1981
Construction
STEEL FRAME
Total area
116,065 SF
Lot
1.15 ac (49,999 SF)
Zoning code
BUC4*
APN
2484-023-013
UPID
US09-6510851
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
-
Pivotal Post Video Editing Service Post Office
-
Deluxe Theater & Performing Art Venue Music Venue
-
The Link Business Service Center Corporate Office
-
Benchmark Post Advertising Agency Marketing & Advertising
-
Iyuno DJ & Entertainment Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$40.80M
Comparable Approach
Comparable
$88.27M
Blend (final)
Blend
$63.64M
Owner & transaction history
The Link Property Owner LLC · 5 yrs held
The Link Property Owner LLC
since 2021
Last sale
$61.5M
7 recorded transactions
Zoning & alternative use
BUC4* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$91.4M
+47.5%
Restaurant
$75.6M
+22.0%
Neighborhood: shopping center
$70.6M
+14.0%
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
$66,140,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$44,200,000
6.5%
$40,800,000
7%
$37,885,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$61,975,000
Current use
AUTO REPAIR, GARAGE
$91,430,000
Change: +48% · Conversion: Difficult
RESTAURANT
$75,580,000
Change: +22% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$70,635,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$63,780,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$57,575,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$55,705,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$52,760,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$63.64M
Range $57.28M – $70.00M · ±10% · vs last sale $61.50M (May 24 2021)
Last sale anchor
$61.50M
May 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
$548 / 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
$725,858
Tax year 2024
Assessed value
$65,264,291
Assessed 2024
Previous assessed
$65,264,291
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$12,310,012
Assessed improvement
$52,954,279
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 (MULTI-STORY)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Total area
116,065 SF
Lot
1.15 ac (49,999 SF)
Zoning code
BUC4*
APN
2484-023-013
UPID
US09-6510851
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC4* · Burbank, CA
Zoning BUC4* · permitted uses
BUC4* · 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
$62.0M
AUTO REPAIR, GARAGE
Est. value
$91.4M
RESTAURANT
Est. value
$75.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$70.6M
RETAIL STORES
Est. value
$63.8M
WAREHOUSE, STORAGE
Est. value
$57.6M
COMMERCIAL (GENERAL)
Est. value
$55.7M
MEDICAL BUILDING
Est. value
$52.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1981
Construction
STEEL FRAME
Heating
NONE
Lot
1.15 ac
Current owner
From public records · entity-resolved
The Link Property Owner LLC
Entity
Mailing address
4 PARK PLZ STE #400, IRVINE, CA 92614-2507
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
Jun 1, 2021
—
Bredif Reit LLC
—
Deed
related
$48,300,000 · Bredif Wf Seller LLC
May 24, 2021
$61,500,000
The Link Property Owner LLC
Fro Ow Alamedia LLC
Grant Deed
$48,300,000 · Bredif Reit LLC
Jun 22, 2017
$40,300,000
Fro Ow Alamedia LLC
Cf Burbank Office LP
Grant Deed
—
Jun 22, 2017
—
Fro Ow Alamedia LLC
—
Loan Modification
related
$36,000,000 · Us Bank NA Series 2007-c3 (ce)
Dec 29, 2006
$16,075,000
Cf Burbank Office
Alameda 2901 West LLC
Grant Deed
—
Aug 13, 2004
—
Alameda 10474 Associates LLC
Douglas Emmett Realty Fund 97
Grant Deed
$30,225,000 · German American Capital Corp
Nov 12, 2003
—
Douglas Emmett Realty Fund
—
Deed Of Trust
related
$464,900,000 · Eurohypo Ag Ny Branch Ttee
Aug 8, 2000
—
Emmett Realty Fund Douglass
—
Deed Of Trust
related
$345,000,000 · General Electric Cap Corp Ttee
Sep 30, 1997
$23,372
Douglas Emmett Realty Fund
Ford Motor Credit Co
Grant Deed
related
—
Sep 8, 1992
—
Ford Motor Credit Corp
—
Deed Of Trust
related
—
—
—
Douglas Emmett Realty Fund 97
—
Deed Of Trust
related
$200,000 · Dresdner Bank Ag
—
—
Douglas Emmett Realty Fund
—
Deed Of Trust
related
$80,000 · Dresdner Bank Ag
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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