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Property profile & analytics
OFF-MARKET
Estimated value
$7,395,000
Investment properties
4444 Lankershim Blvd North Hollywood, CA 91602-2346
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6330490
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1989
Construction
WOOD
Total area
24,608 SF
Lot
0.55 ac (24,048 SF)
Zoning code
LAC2
APN
2423-005-011
UPID
US09-6330490
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
-
Guido Income Tax Services, Inc. Accounting Firm Tax Preparation
-
Toluca Dental Studio Dental Office
-
GoTribe Fitness Gym & Fitness Center
-
RPM Fitness Studio Inc Gym & Fitness Center
-
Summer Canteen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.40M
Owner & transaction history
Richard Kwak · 9 yrs held
Richard Kwak
since 2016
7 recorded transactions
Zoning & alternative use
LAC2 · North Hollywood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.1M
+5.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,305,000
6.5%
$7,665,000
7%
$7,120,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,540,000
Current use
OFFICE BUILDING
$12,140,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,265,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$11,185,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$7.40M
Range $6.66M – $8.13M · ±10%
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
$301 / 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
$147,096
Tax year 2024
Assessed value
$11,947,205
Assessed 2024
Previous assessed
$11,947,205
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$7,395,889
Assessed improvement
$4,551,316
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
24,608 SF
Lot
0.55 ac (24,048 SF)
Zoning code
LAC2
APN
2423-005-011
UPID
US09-6330490
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
COMMERCIAL (GENERAL) Current
Est. value
$11.5M
OFFICE BUILDING
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$11.3M
MEDICAL BUILDING
Est. value
$11.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1989
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Richard Kwak
Individual
Mailing address
3611 DIXIE CYN AVE, SHERMAN OAKS, CA 91423-4823
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2016
$10,500,000
Richard Kwak
Mspn LLC
Grant Deed
$3,850,000 · Wells Fargo Bank NA
Aug 7, 2015
$9,500,000
Mspn LLC
Faneg Investment LLC
Grant Deed
$6,175,000 · Wilshire Bank
Aug 7, 2015
—
Bum J Park
Park,young N
Quit Claim Deed
related
—
Aug 1, 2011
$7,400,000
Privillagio LLC
Marquis Goldenwest LLC
Grant Deed
$4,070,000 · Saehan Bank
Jun 22, 2005
—
Greens Valencia LLC
Marquis Goldenwest LLC
Grant Deed
—
Dec 10, 2004
$6,350,000
Marquis Goldenwest LLC
Hermance INC
Grant Deed
—
Oct 4, 2002
—
Hermance
Hayat,o H
Quit Claim Deed
related
—
Jul 15, 2002
—
Hermance INC
Begini,c
Quit Claim Deed
related
—
Mar 17, 1995
—
Hermance INC
4444 Lankershim Partnership
Grant Deed
related
—
Jun 2, 1992
—
4444 Lankershim Partnership
—
Deed Of Trust
related
—
May 12, 1988
—
Begini Assocs
Begi
Quit Claim Deed
related
$3,247,500 · Cathay Bank
—
—
Begini Assoc
—
Deed Of Trust
related
$85,200 · Individual
—
—
Begini Assoc
—
Deed Of Trust
related
$160,000 · Individual
—
—
Marquis Goldenwest LLC
—
Deed Of Trust
related
$4,300,000 · Lehman Brothers Bank Fsb
—
—
Hermance INC
—
Deed Of Trust
related
$2,750,000 · Citicorp USA Corp
—
—
Begini Assocs
—
Deed Of Trust
related
$300,000 · Shakeraneh Amir&
—
—
Begini Assocs
—
Deed Of Trust
related
$300,000 · Fakheri Hossiena
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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