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Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Parking lots & garages
359 Angeleno Ave Burbank, CA 91502
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6478661
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1964
Total area
7,750 SF
Lot
0.17 ac (7,544 SF)
Zoning code
BUC2
APN
2453-014-026
UPID
US09-6478661
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.13M
Blend (final)
Blend
$3.94M
Owner & transaction history
Glenoaks Retail LLC · 2 yrs held
Glenoaks Retail LLC
since 2024
Last sale
$3.9M
4 recorded transactions
Zoning & alternative use
BUC2 · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.1M
+52.9%
Restaurant
$5.0M
+26.4%
Neighborhood: shopping center
$4.7M
+18.1%
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
$3,940,000
ML approach
$3,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$3,995,000
Current use
AUTO REPAIR, GARAGE
$6,105,000
Change: +53% · Conversion: Difficult
RESTAURANT
$5,045,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,715,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,845,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,720,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$3,525,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±10% · vs last sale $3.94M (Jan 24 2024)
Last sale anchor
$3.94M
Jan 24 2024
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
$508 / 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
$20,891
Tax year 2024
Assessed value
$1,734,000
Assessed 2024
Previous assessed
$1,734,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,632,000
Assessed improvement
$102,000
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
1964
Heating
NONE
Total area
7,750 SF
Lot
0.17 ac (7,544 SF)
Zoning code
BUC2
APN
2453-014-026
UPID
US09-6478661
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC2 · Burbank, CAZoning BUC2 · permitted uses
BUC2 · 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
$4.0M
AUTO REPAIR, GARAGE
Est. value
$6.1M
RESTAURANT
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.5M
PARKING LOT Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1964
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Glenoaks Retail LLC
Entity
Mailing address
221 N 3RD ST, BURBANK, CA 91502-1202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2024
$3,937,500
Glenoaks Retail LLC
Patricia Hunter
Grant Deed
$2,360,000 · First Citizens Bank & Trust Co
Jan 24, 2024
—
Patricia Hunter
Suzanne Amelia Martino Stark
Affidavit Death Of Trustee/successor Trustee
—
Oct 26, 1998
—
Martino,suzanne Tr
—
Deed Of Trust
related
—
Jul 20, 1998
—
Martino,suzanne Tr
—
Deed Of Trust
related
—
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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