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Property profile & analytics
OFF-MARKET
Estimated value
$52,305,000
Apartment buildings
4055 Lankershim Blvd Studio City, CA 91604-3416
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-7631332
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Construction
WOOD
Total area
157,475 SF
Lot
2.1 ac (91,280 SF)
Zoning code
LAC2
APN
2423-035-017
UPID
US09-7631332
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
-
Actors' Sound Advice Recording Studio
-
Max Business Consultants Business Management Consultant
-
Magdacine (Bike/Boat/Book/etc) Store
-
Windsor Lofts at Universal City Apartments Apartment Building Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.99M
Comparable Approach
Comparable
$63.62M
Blend (final)
Blend
$52.31M
Owner & transaction history
Wm City View Lofts LP · 3 yrs held
Wm City View Lofts LP
since 2022
Last sale
$56.2M
6 recorded transactions
Zoning & alternative use
LAC2 · Studio City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$73.9M
+79.0%
Auto repair, garage
$72.1M
+74.8%
Medical building
$71.6M
+73.5%
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 Studio City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Studio City 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
$46,520,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$42,230,000
6.5%
$38,985,000
7%
$36,200,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$41,250,000
Current use
COMMERCIAL (GENERAL)
$73,855,000
Change: +79% · Conversion: Moderate
AUTO REPAIR, GARAGE
$72,095,000
Change: +75% · Conversion: Difficult
MEDICAL BUILDING
$71,585,000
Change: +74% · Conversion: Moderate
Blend value · Realmo final
$52.31M
Range $47.07M – $57.54M · ±10% · vs last sale $56.20M (Dec 30 2022)
Last sale anchor
$56.20M
Dec 30 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
$332 / 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
$973,907
Tax year 2024
Assessed value
$79,710,404
Assessed 2024
Previous assessed
$79,710,404
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$33,660,000
Assessed improvement
$46,050,404
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Units
138
Bathrooms
99
Total area
157,475 SF
Lot
2.1 ac (91,280 SF)
Zoning code
LAC2
APN
2423-035-017
UPID
US09-7631332
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Studio City, CA
Zoning LAC2 · permitted uses
LAC2 · Studio City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Studio City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$41.3M
COMMERCIAL (GENERAL)
Est. value
$73.9M
AUTO REPAIR, GARAGE
Est. value
$72.1M
MEDICAL BUILDING
Est. value
$71.6M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2006
Construction
WOOD
Heating
NONE
Units
138
Bathrooms
99
Lot
2.1 ac
Current owner
From public records · entity-resolved
Wm City View Lofts LP
Entity
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
—
Wm City View Lofts LP
Wm City View Lofts LP
Intrafamily Transfer
related
—
Mar 2, 2017
—
Wm City View Lofts LLC
—
Grant Deed
related
$346,467,000 · Berkeley Point Cap
May 16, 2007
$56,200,000
Wm City View Lofts LLC
Universal City Apartments Hold
Grant Deed
—
Dec 10, 2004
—
Universal City Apartments Hold
—
Grant Deed
related
$39,617,000 · Bank Of America
Jun 10, 2003
—
Universal City Apartments Hold
Universal Studios LLC
Quit Claim Deed
related
$8,600,000 · Bank Of America
Jun 5, 1995
—
M C A INC
—
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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