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Property profile & analytics
OFF-MARKET
Estimated value
$6,570,000
Office buildings
4340 Fulton Ave, Sherman Oaks, CA 91423-3925
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-6329563
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
WOOD
Total area
15,180 SF
Lot
0.3 ac (13,191 SF)
Zoning code
LAC2
APN
2375-001-110
UPID
US09-6329563
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
-
Steel Systems Engineering Engineer
-
Creditors Adjustment Bureau Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.56M
CAP Approach
CAP
$5.45M
Comparable Approach
Comparable
$7.58M
Blend (final)
Blend
$6.57M
Owner & transaction history
4340 Fulton Properties LLC · 5 yrs held
4340 Fulton Properties LLC
since 2021
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
LAC2 · Sherman Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.2M
+66.8%
Restaurant
$8.5M
+53.4%
Retail stores
$8.1M
+45.9%
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 Sherman Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sherman Oaks 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
$6,715,000
ML approach
$6,560,000
CAP Approach
CAP Return
Estimation
6%
$5,900,000
6.5%
$5,445,000
7%
$5,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,540,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,240,000
Change: +67% · Conversion: Difficult
RESTAURANT
$8,495,000
Change: +53% · Conversion: Moderate
RETAIL STORES
$8,080,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$6,900,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,535,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,935,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$6.57M
Range $5.91M – $7.23M · ±10% · vs last sale $6.50M (Apr 28 2021)
Last sale anchor
$6.50M
Apr 28 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
$433 / 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
$84,349
Tax year 2024
Assessed value
$6,897,851
Assessed 2024
Previous assessed
$6,897,851
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,759,140
Assessed improvement
$4,138,711
Applied tax rate
8.0000
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
15,180 SF
Lot
0.3 ac (13,191 SF)
Zoning code
LAC2
APN
2375-001-110
UPID
US09-6329563
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Sherman Oaks, CA
Zoning LAC2 · permitted uses
LAC2 · Sherman Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sherman Oaks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.2M
RESTAURANT
Est. value
$8.5M
RETAIL STORES
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
0.3 ac
Current owner
From public records · entity-resolved
4340 Fulton Properties LLC
Entity
Mailing address
4340 FULTON AVE, SHERMAN OAKS, CA 91423-3925
Mailing matches property
Yes
Owner-occupied
Yes
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
Jul 2, 2024
—
4340 Fulton Properties LLC
—
Deed
related
$2,161,577 · Bank Of America NA
Apr 28, 2021
$6,500,000
4340 Fulton Properties LLC
Steel Systems Engineering INC
Grant Deed
$5,000,000 · Fountainhead Sbf LLC
Aug 13, 2001
$2,060,000
Steel Systems Engineering INC
Fulton Enterprises LLC
Grant Deed
$1,947,000 · Money Store Commercial Mtg
Jul 31, 1997
—
Ents Fulton
Mahru,l A
Quit Claim Deed
related
—
Jun 23, 1995
$700,000
Linda A Mahru
Glendale Federal Bank
Grant Deed
$560,000 · Glendale Federal Bank
Feb 15, 1995
$600,000
Glendale Federal Bank
Fulton Building
Trustees Deed
related
—
—
—
Gene J Borowski
—
Deed Of Trust
related
$15,000 · Individual
—
—
Fulton Enterprises LLC
—
Deed Of Trust
related
$875,000 · Imperial Thrift & Loan
—
—
Gene Borowski
—
Deed Of Trust
related
$15,000 · Arjmand Trust
—
—
Linda A Mahru
—
Deed Of Trust
related
$10,000 · Individual
—
—
Linda A Mahru
—
Deed Of Trust
related
$270,000 · Moss Trust
—
—
Fulton Enterprises
—
Deed Of Trust
related
$600,000 · Individual
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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