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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Apartment buildings
4345 Matilija Ave, Sherman Oaks, CA 91423-3621
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6259370
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Construction
WOOD
Total area
6,176 SF
Lot
0.26 ac (11,497 SF)
Zoning code
LAR3
APN
2271-016-020
UPID
US09-6259370
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$2.48M
Owner & transaction history
4345 Matilija Ground Owner LP
4345 Matilija Ground Owner LP
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
LAR3 · Sherman Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.8M
+87.2%
Restaurant
$3.5M
+72.1%
Retail stores
$3.3M
+63.7%
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
$2,475,000
ML approach
$2,475,000
CAP Approach
CAP Return
Estimation
6%
$1,655,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,010,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,760,000
Change: +87% · Conversion: Difficult
RESTAURANT
$3,455,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$3,285,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$2,805,000
Change: +40% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,660,000
Change: +32% · Conversion: Moderate
OFFICE BUILDING
$2,255,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±10% · vs last sale $2.48M (Jul 9 2025)
Last sale anchor
$2.48M
Jul 9 2025
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
$401 / 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
$29,907
Tax year 2024
Assessed value
$2,385,648
Assessed 2024
Previous assessed
$2,385,648
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,608,302
Assessed improvement
$777,346
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
NONE
Cooling
YES
Units
8
Bathrooms
10
Total area
6,176 SF
Lot
0.26 ac (11,497 SF)
Zoning code
LAR3
APN
2271-016-020
UPID
US09-6259370
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · Sherman Oaks, CA
Zoning LAR3 · permitted uses
LAR3 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1954
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
8
Bathrooms
10
Lot
0.26 ac
Current owner
From public records · entity-resolved
4345 Matilija Ground Owner LP
Entity
Mailing address
838 WALKER RD STE 21-2, DOVER, DE 19904-2751
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 9, 2025
$2,475,000
4345 Matilija Ground Owner LP
4345 Matilija Avenue LLC
Grant Deed
$2,100,000 · Hvn Development LLC
Aug 29, 2024
$2,475,000
4345 Matilija Avenue LLC
Proland LLC
Grant Deed
—
Sep 12, 2019
—
Vivian S Wasserteil
Wasserteil,howard J
Quit Claim Deed
related
—
Sep 12, 2019
$2,225,000
Proland LLC
Wasserteil,vivian S
Grant Deed
—
Feb 1, 2018
—
Vivian S Wasserteil
Nathan Family Trust
Quit Claim Deed
related
—
Nov 9, 1993
—
Nathan Anneliese T
Nath,
Quit Claim Deed
related
—
Oct 22, 1992
—
Nathan Siegfried Co Tr
—
Deed Of Trust
related
—
Jul 21, 1989
—
Wasserteil
Wass
Quit Claim Deed
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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