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Property profile & analytics
OFF-MARKET
Estimated value
$5,275,000
Office buildings
405 Riverside Dr Burbank, CA 91506-3208
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6515727
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
WOOD
Total area
10,350 SF
Lot
0.19 ac (8,360 SF)
Zoning code
BUC3*
APN
5625-029-025
UPID
US09-6515727
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
-
Looping Group Theater & Performing Art Venue Music Venue
-
Smart Post Solutions Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.28M
CAP Approach
CAP
$3.64M
Comparable Approach
Comparable
$6.51M
Blend (final)
Blend
$5.28M
Owner & transaction history
9740 Cozycroft LLC · 2 yrs held
9740 Cozycroft LLC
since 2024
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
BUC3* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.2M
+46.3%
Restaurant
$6.7M
+21.0%
Neighborhood: shopping center
$6.3M
+13.1%
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
$5,275,000
ML approach
$5,275,000
CAP Approach
CAP Return
Estimation
6%
$3,940,000
6.5%
$3,640,000
7%
$3,380,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,570,000
Current use
AUTO REPAIR, GARAGE
$8,155,000
Change: +46% · Conversion: Difficult
RESTAURANT
$6,740,000
Change: +21% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,300,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$5,665,000
Change: +2% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,135,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,970,000
Change: -11% · Conversion: Easy
MEDICAL BUILDING
$4,705,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$5.28M
Range $4.75M – $5.80M · ±10% · vs last sale $5.28M (Jan 24 2024)
Last sale anchor
$5.28M
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
$510 / 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
$45,209
Tax year 2024
Assessed value
$4,019,359
Assessed 2024
Previous assessed
$4,019,359
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,838,922
Assessed improvement
$2,180,437
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
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Stories
1
Total area
10,350 SF
Lot
0.19 ac (8,360 SF)
Zoning code
BUC3*
APN
5625-029-025
UPID
US09-6515727
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3* · Burbank, CA
Zoning BUC3* · permitted uses
BUC3* · 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
$5.6M
AUTO REPAIR, GARAGE
Est. value
$8.2M
RESTAURANT
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
RETAIL STORES
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.7M
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
WOOD
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
9740 Cozycroft LLC
Entity
Mailing address
2560 CALCITE CIR, THOUSAND OAKS, CA 91320-1203
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2024
$5,275,000
9740 Cozycroft LLC
Four O Five Partners LLC
Grant Deed
$2,750,000 · Mission Bank
Jul 16, 2019
—
Four O Five Partners LLC
—
Deed
related
$2,500,000 · Sunwest Bank
Jul 6, 2006
$3,060,000
Four O Five Partners LLC
Lewis Family Trust
Grant Deed
$1,520,000 · Bank Of America
Jul 31, 1995
$150,000
Lewis Trust
405 Riverside Dr
Grant Deed
related
—
Aug 11, 1989
—
Lewis Fmly Tr
Lewis
Quit Claim Deed
related
—
—
—
Four O Five Partners LLC
—
Deed Of Trust
related
$2,500,000 · Sunwest Bk
—
—
Four O Five Partners LLC
—
Deed Of Trust
related
$1,336,500 · Bank Of America
—
—
Lewis Trust
—
Deed Of Trust
related
$425,000 · Community Bank NA
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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