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Property profile & analytics
OFF-MARKET
Estimated value
$26,985,000
Medical Office Space
4343 Lankershim Blvd North Hollywood, CA 91602-2705
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6511742
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Construction
STEEL FRAME
Total area
34,098 SF
Lot
0.2 ac (8,633 SF)
Zoning code
LAC2
APN
2423-019-075
UPID
US09-6511742
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
-
Scott A. Hahm, MD Physician
-
Kelly Mcnulty Physician
-
homaes Hotel & Motel
-
Ara Kardashian Physician
-
UCLA Health North Hollywood Imaging and Interventional Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.29M
Blend (final)
Blend
$26.99M
Owner & transaction history
Lankershim Boulevard LLC · 4 yrs held
Lankershim Boulevard LLC
since 2021
Last sale
$33.4M
7 recorded transactions
Zoning & alternative use
LAC2 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.1M
+36.4%
Neighborhood: shopping center
$20.8M
+33.9%
Retail stores
$17.7M
+14.5%
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 North Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Hollywood 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
$33,295,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$21,140,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,750,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$17,745,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$16,820,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$26.99M
Range $24.29M – $29.68M · ±10% · vs last sale $33.40M (Oct 6 2021)
Last sale anchor
$33.40M
Oct 6 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
$791 / 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
$394,131
Tax year 2024
Assessed value
$32,585,328
Assessed 2024
Previous assessed
$32,585,328
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,976,760
Assessed improvement
$30,608,568
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Stories
1
Total area
34,098 SF
Lot
0.2 ac (8,633 SF)
Zoning code
LAC2
APN
2423-019-075
UPID
US09-6511742
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · North Hollywood, CA
Zoning LAC2 · permitted uses
LAC2 · North Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Hollywood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$21.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.8M
RETAIL STORES
Est. value
$17.7M
OFFICE BUILDING
Est. value
$16.8M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE 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
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Lankershim Boulevard LLC
Entity
Mailing address
801 GRAND AVE, DES MOINES, IA 50309-8000
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
$33,400,000
Lankershim Boulevard LLC
4343 Laukershim LLC
Grant Deed
—
Nov 4, 2020
—
4343 Lankershim LLC
—
Deed
related
$16,600 · East West Bank
Sep 4, 2018
$11,546,000
4343 Lankershim LLC
Clairmont Properties LLC
Grant Deed
$11,550,000 · East West Bank
Jul 9, 1999
$5,000,000
Clarirmont Properties LLC
—
Grant Deed
related
—
Dec 30, 1994
—
B C Properties
—
Deed Of Trust
related
$3,150,000 · City National Bank
Sep 29, 1992
—
B C Properties
—
Grant Deed
related
$3,258,000 · City National Bank
Jul 20, 1992
—
B C Properties
—
Deed Of Trust
related
—
Aug 23, 1989
$650,000
Kurt Banks
Kado David S And
Grant Deed
$510,000 · Kado David S&mil
—
—
Clairmont Properties LLC
—
Loan Modification
related
—
—
—
Clairmont Properties
—
Deed Of Trust
related
$3,825,000 · City National Bank
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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