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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4224 Lankershim Blvd North Hollywood, CA 91602-2855

    • Office buildings
    • 1,152 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7643896
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bent Willow Florist / Florist

    Property Details for 4224 Lankershim Blvd

    Year built
    1939
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    1,152 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    2423-024-042
    APU
    2423024042

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.363
    Latitude
    34.1466
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,202
    $95,599
    $46,193
    $141,792
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $19,965,000
      113,626 SF

      4605 Lankershim Blvd Ste, Unit 707

      OFFICE BUILDING (MULTI-STORY) • 113,626 SF
      4605 Lankershim Blvd Ste, North Hollywood, CA 91602-1878
      View Details
    • Value Estimation
      $565,000
      2,275 SF

      4201 Lankershim Blvd

      OFFICE BUILDING • 2,275 SF
      4201 Lankershim Blvd, North Hollywood, CA 91602-2856
      View Details
    • Value Estimation
      $1,105,000
      5,748 SF

      10101 Riverside Dr

      PROFESSIONAL BUILDING • 5,748 SF
      10101 Riverside Dr, Toluca Lake, CA 91602-2517
      View Details
    • Value Estimation
      $1,960,000
      7,340 SF

      10000 Riverside Dr

      OFFICE BUILDING • 7,340 SF
      10000 Riverside Dr, Toluca Lake, CA 91602-2537
      View Details
    • Value Estimation
      $5,605,000
      22,080 SF

      4418 Vineland Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 22,080 SF
      4418 Vineland Ave, North Hollywood, CA 91602-3457
      View Details
    • Value Estimation
      $1,180,000
      3,262 SF

      10614 Riverside Dr

      PROFESSIONAL BUILDING • 3,262 SF
      10614 Riverside Dr, North Hollywood, CA 91602-2373
      View Details

    Similar Nearby for Sale

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      North Hollywood Office Building For Sale

      34,420 SF office building available for purchase in North Hollywood.
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      Lankershim Blvd Retail Portfolio

      Prime LA Retail, High Visibility
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    Similar Nearby for Lease

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      Medical/Office Space for Sublease

      Approximately 1,900 SF medical/office space available for sublease.
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      View Details
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      Remodeled office space perfect for small businesses and creative endeavors.
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      Renovated Office Space Available

      Office space with renovated common areas, close to studios.
      10999 Riverside Dr, North Hollywood, CA 91602
      View Details
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    North Hollywood, CA 91602-2855
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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